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!
There were only two catalysts for the euro throughout the week. The first was the Italian referendum over the weekend, which eventually boosted the common currency after the initial uncertainty over Renzi resigning as PM. Next was the ECB’s surprising decision to extend its stimulus program. The HLHB caught tons of pips from signal #1, but missed most of the move with signal #4. By the end of the week though, the system still gained a net of 152 pips. Not bad, right?
Unlike in EUR/USD, Cable’s biggest move happened around the middle of the week when better-than-expected U.S. reports boosted the dollar across the board. The pair then traded sideways, which is always bad news for this trend-catcher. Still, the HLHB System capped the week with only a net loss of 19 pips. All in a week’s worth of trading, me thinks.
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.