Here’s a rundown of the system’s trade signals:
1. Sold at 1.3276, signal from last week. It closed when the 50-pip trailing stop was hit (1.3205): +71 pips
2. Bought at 1.3239, closed when 50-pip trailing stop was hit at 1.3235: -4 pips
3. Sold at 1.3237, closed when 50-pip trailing stop was hit at 1.3177: +60 pips
4. Bought at 1.3203, closed on new crossover at 1.3157: -46 pips
5. Sold at 1.3157, closed when 50-pip trailing stop was hit at 1.3130: +27 pips
6. Bought at 1.3158, closed on new crossover at 1.3144): -14 pips
7. Sold at 1.3130, closed when 50-pip trailing stop was hit at 1.3024: +106 pips
8. Bought at 1.3042, trade still open…
Total gain for this week: 200 pips!
On the other hand, it pains me to report that I failed to jump in on the rally on GBP/USD. I was away from my desk when a bullish marubozu formed above the 1.5700 handle. By the time I got back, the pair was already trading around the 1.5800 level. Gaah!
But it’s okay. On the not-so-bad side of things, at least I didn’t lose anything. Also, being right on the money in anticipating a reversal on the pair has been a big confidence booster. Risk appetite picked up yesterday thanks to developments in Europe and positive data from the U.S.
Going back to my piptastic system, I just want to say that I’m really happy with its performance this week. I’m just REALLY curious though, do any of use the HLHB Trend-Catcher too? Do your results match up with mine? Hit me up!
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.