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Fakeout alert! Thanks to a ranging environment and tons of fakeouts, the HLHB clocked in losses on both EUR/USD and GBP/USD. Here are the details!

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!


EUR/USD: 1-hour Forex Chart
EUR/USD: 1-hour Forex Chart

After the previous week’s action, both EUR/USD and GBP/USD traded in uber tight ranges that were no good for this trend-catcher. EUR/USD had 13 signals throughout the week with only 4 valid ones and ONE profitable signal. By the end of the week the system lost 22 pips on the pair. BOO!!!



GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

Much like in EUR/USD’s price action, Cable also saw tight ranges throughout the week. The only possible action was found in signals #13 and #17. Unfortunately, only the latter actually contributed pips. With 6 out of 7 valid signals turning out to be losers, the HLHB lost a net of 78 pips from the pair.



A pretty bad week for the HLHB overall, but still within expectations of an intraweek trend-catcher system. Crossing my fingers for a more trend-y week next week though!



P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!

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.