A pretty mixed week for this trend-catcher system, as it gained pips on Cable but lost a couple on EUR/USD. Here are the numbers from last week’s forex trading!
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EUR/USD traded tightly for most of last week despite an onslaught of lower tier reports from the euro zone and a bit of dovish rhetoric from Draghi. In fact, the pair didn’t show any serious moves until the end of the week when a renewed FBI investigation over Clinton’s emails inspired a dollar selloff. As a result, the HLHB Trend-Catcher mostly caught fakeouts throughout the week, ending it with a net loss of 68 pips. Boo!
Cable was barely any better than EUR/USD in terms of directional moves, but it did show more volatility than the latter especially when Carney made a speech and the U.K.’s GDP report came out better-than-expected. The RSI filter did a pretty good job of filtering out fakeouts, which is probably why the HLHB capped the week with a 49-pip gain on the pair.
My fingers are crossed for a more trend-friendly week this NFP week! Let me know if you have any questions!
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!
2014 HLHB Trend-Catcher Performance
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.