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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 1-Hour Forex Chart
EUR/USD 1-Hour Forex Chart

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

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

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

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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.