Fakeout galore! A ranging forex environment is definitely NOT for this trend-catcher mechanical system. Here’s what happened in mid-November!
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There were two valid signals throughout the week but, unfortunately for the HLHB System, both turned out to be fakeouts. Signals #4 and #7 would have caught pips enough to cover the losses if only they didn’t get invalidated. By the end of the week the system lost 43 pips from EUR/USD. Boo!
The HLHB System didn’t have any luck on Cable either, as the pair merely bobbed along and produced tons of fakeouts. Good thing signal #10 contributed a few pips and brought the net loss down to 96 pips by the end of the week. Phew!
I’m seeing more fakeouts ahead. Let’s see if we actually get a few pips in from the last week of November!
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