Now that the trading year is winding to a close, we’re seeing limited trends in both EUR/USD and GBP/USD. Here are the deets from last week’s signals!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
The NFP week didn’t bring any excitement for EUR/USD, which traded on a tight range for most of the week. The RSI filter managed to keep out a lot of fakeouts though there were one or two that still popped up. By the end of the week, the HLHB is down 47 pips from EUR/USD. *Sigh.*
Cable saw more action than EUR/USD during the week thanks to a couple of economic reports and Brexit headlines inspiring volatility. Signals #6 and #10, in particular, would’ve yielded a lot of pips. Unfortunately, the RSI filter invalidated the signals. Boo! The fakeouts from signals #4 and #5 drowned out the valid signals in the end, and led to a 78-pip loss by the end of the week.
That’s it for my HLHB update today! Let me know if you have any questions on the system and on the signals above!
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 Here are some books if you want to get deeper into building systems & algorithms. BabyPips.com receives a small credit from any purchases through the Amazon links above to help support the free content and features of our site…enjoy!
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.