A pretty good trading week as trends from both EUR/USD and GBP/USD enabled the HLHB Trend-Catcher System to catch a total of +296 pips for the week. Not bad, huh?
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD traded on a tight range for most of the week, but saw a burst of volatility as soon as the Fed released its December statement. Unless you’ve been living under a rock, you should know that the Fed raised its rates by 0.25% as expected but this time expected not two, but THREE rate hikes for 2017. Signal #8 yielded a nice 143 pips, which helped boost the HLHB’s gains to a net of 60 pips. Phew!
Unlike EUR/USD, Cable saw a bit of volatility early in the week before it ranged tightly just ahead of the FOMC decision. The HLHB already caught 88 pips from signal #3 before signal #8 boosted profits further with an additional +200 pips. By the end of the week, the HLHB was up by a net of +236 pips from GBP/USD. Woot! Woot!
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.