Not surprisingly, the system gained tons of pips from EUR/USD last week. Here are results for both EUR/USD an GBP/USD last week.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
EUR/USD ranged tightly for most of the week, probably due to anticipation of the ECB’s monetary policy decision. And boy did Mario Draghi sure deliver! With the ECB launching a more-generous-than-expected (60 billion EUR vs. 50 billion EUR expected) monthly QE program, forex traders were in a hurry to sell the common currency. Signal #12 caught the move perfectly, as it hit the system’s 200-pip profit target. Woohoo!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.1556 | 1.1556 | 0 | RSI was already below 50 |
| 2 | Sell | 1.1559 | 1.1559 | 0 | There was no crossover |
| 3 | Buy | 1.1584 | 1.1595 | 11 | New crossover |
| 4 | Sell | 1.1595 | 1.1605 | -10 | New crossover |
| 5 | Buy | 1.1605 | 1.1605 | 0 | RSI was already above 50 |
| 6 | Sell | 1.1574 | 1.1574 | 0 | RSI was already below 50 |
| 7 | Buy | 1.1569 | 1.1569 | 0 | There was no crossover |
| 8 | Sell | 1.1573 | 1.1573 | 0 | RSI was already below 50 |
| 9 | Buy | 1.1610 | 1.1610 | 0 | RSI was already above 50 |
| 10 | Sell | 1.1591 | 1.1624 | -33 | New crossover |
| 11 | Buy | 1.1624 | 1.1624 | 0 | RSI was already above 50 |
| 12 | Sell | 1.1562 | 1.1262 | 200 | Profit target hit |
| TOTAL | 168 |
GBP/USD
Like in EUR/USD, GBP/USD’s price action was also choppy for most of the week. Unlike the former currency pair though, the system caught the big move a bit too late. Signal #10 was invalidated, which is probably why the system ended the week down by 34 pips on Cable.
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.5155 | 1.5134 | -21 | New crossover |
| 2 | Sell | 1.5134 | 1.5124 | 10 | New crossover |
| 3 | Buy | 1.5124 | 1.5145 | 21 | New crossover |
| 4 | Sell | 1.5145 | 1.5145 | 0 | There was no crossover |
| 5 | Buy | 1.5168 | 1.5168 | 0 | RSI was already above 50 |
| 6 | Sell | 1.5114 | 1.5143 | -29 | New crossover |
| 7 | Buy | 1.5143 | 1.5143 | 0 | RSI was already above 50 |
| 8 | Sell | 1.5128 | 1.5128 | 0 | RSI was already below 50 |
| 9 | Buy | 1.5150 | 1.5162 | 12 | Adjusted stop loss hit |
| 10 | Sell | 1.5086 | 1.5086 | 0 | RSI was already below 50 |
| 11 | Buy | 1.5026 | 1.4999 | -27 | End-of-week trade |
| TOTAL | -34 |
I’m not expecting any big moves from EUR/USD or GBP/USD this week, but I’m crossing my fingers for more valid (and profitable!) signals this time.
XOXO,
Huck
See also:
2014 HLHB Trend-Catcher Performance
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.