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A mixed forex trading week for the HLHB System, as it lost pips from EUR/USD and gained a couple from GBP/USD. Read the deets inside!

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

As you can see from the chart above, EUR/USD threw out tons of fakeouts throughout the week. There also wasn’t enough directional trade for the pair, probably because there weren’t enough tier 1 reports from both the euro zone and the U.S. The fakeouts piled up and contributed to the system’s 89-pip loss by the end of the week.

EU Forex Chart: August 3-7, 2015

GBP/USD

GBP/USD 1-Hour Forex Chart
GBP/USD 1-Hour Forex Chart

Now this is how the system is supposed to work! Two signals caught strong intraweek moves and contributed a total of +218 pips while the rest of the signals were (luckily) invalidated by the RSI filter. If only all of the system’s signals worked this way!

GU Forex Chart: August 3-7, 2015

How about you? Did you catch any of the moves from this 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.