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A pretty mixed forex trading week for this trend-catcher system, as it lost pips on EUR/USD but gained a lot from GBP/USD. Here are the deets!

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 below, EUR/USD’s range at the beginning of the week didn’t do any favors for the HLHB. In fact, we saw tons of fakeouts throughout the week. Luckily, signal #10 saved the day (or week) and mitigated the system’s loss to only 10 pips. Phew!

EU

GBP/USD

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

Unlike EUR/USD, Cable showed a nice uptrend at the beginning of the week. If I’m not mistaken, this happened just a couple of days ahead of the MPC monetary policy decision. Apparently, some traders had unwound their short GBP positions ahead of the event. We only saw 4 signals, 3 of them valid from the system. Luckily, all valid signals turned out to be winners and contributed to a net gain of 182 pips by the end of the week. Woot! Woot!

GU

Will last week’s price action print better results for this trend-catcher system? I got my fingers crossed!

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.