A pretty good forex trading week for the HLHB Trend-Catcher System, as it gained pips from both EUR/USD and GBP/USD. Woohoo!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
EUR/USD was in a choppy mood all week so I would not have been surprised if the system had lost pips on EUR/USD. Luckily, signal #7 caught the pair’s FOMC statement spike. In fact, the signal hit its profit target and yielded 200 pips. Woot! The gains were enough to offset EUR/USD’s fakeouts, enough to end the week with a net of 193 pips. Yay!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.0560 | 1.0560 | 0 | There was no crossover |
| 2 | Buy | 1.0583 | 1.0583 | 0 | There was no crossover |
| 3 | Buy | 1.0606 | 1.0606 | 0 | There was no crossover |
| 4 | Sell | 1.0580 | 1.0613 | -33 | New crossover |
| 5 | Buy | 1.0613 | 1.0593 | -20 | New crossover |
| 6 | Sell | 1.0593 | 1.0593 | 0 | RSI was already below 50 |
| 7 | Buy | 1.0612 | 1.0812 | 200 | Profit target hit |
| 8 | Sell | 1.0710 | 1.0664 | 46 | Adjusted stop loss hit |
| TOTAL | 193 |
GBP/USD
Much like in EUR/USD, GBP/USD also popped up a lot of fakeouts. Also like in GBP/USD, the system was able to catch the spike from the Fed’s statement. It even caught a cool move near the end of the week, which is probably why the system caught a net total of 446 from Cable. Virtual high five to the pip gods!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.4752 | 1.4752 | 0 | RSI was already below 50 |
| 2 | Sell | 1.4787 | 1.4756 | 31 | New crossover |
| 3 | Sell | 1.4756 | 1.4756 | 0 | RSI was already below 50 |
| 4 | Buy | 1.4726 | 1.4926 | 200 | Profit target hit |
| 5 | Sell | 1.4840 | 1.4895 | -55 | New crossover |
| 6 | Buy | 1.4895 | 1.4895 | 0 | RSI was already above 50 |
| 7 | Sell | 1.4853 | 1.4761 | 92 | New crossover |
| 8 | Sell | 1.4761 | 1.4761 | 0 | RSI was already below 50 |
| 9 | Buy | 1.4775 | 1.4953 | 178 | End-of-week trade |
| TOTAL | 446 |
Hoping for a week as good as this one for next week! 🙂
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.