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A pretty good forex trading week for the HLHB System as it gained tons of pips from EUR/USD, while only losing a couple from GBP/USD.

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 traded on a super tight range at the start of the week until weaker-than-expected U.S. reports inspired a bit of risk aversion. The trend continued throughout the week in anticipation of a strong NFP report and eventually the pair fell to the 1.0700 mark when the payrolls numbers came out better-than-expected. The HLHB System got lucky from signals #5 and #9 as they caught the entirety of the two big moves throughout the week. By week’s end the system was up by a net of 155 pips from EUR/USD. Nice!

EU

GBP/USD

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

Much like in EUR/USD, Cable traded tightly in anticipation of the NFP report. Unlike in EUR/USD though, there were no other catalysts to inspire volatility ahead of the actual release. Signal #9 would have caught almost all of the pair’s end-of-week downtrend if not for the RSI filter. The signal got invalidated and the system ended up with a net loss of 23 pips by Friday. Boo!

GU

That’s it for the HLHB System this week! Got any questions about the mechanical system?

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.