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Wednesday, November 16, 2016

HLHB Trend-Catcher System Update

As you can see on the chart above, EUR/USD was on a VERY tight range before and after the U.S. elections took place. Luckily, the HLHB caught some of the euro rally right until Trump was declared the winner. Then, much like signal #6, signal #7 also caught a huge chunk of the dollar’s rally until Friday’s new signal. The gains from signals 6 and 7 helped push the HLHB’s net weekly gains to 218 pips by the end of the week. Woohoo!GBP/USD wasn’t as action-packed as EUR/USD during the elections. Though the pair traded on tight ranges, it lacked the big moves that we saw in EUR/USD while the elections were ongoing. In fact, only signal #4 managed to catch serious pips. Unfortunately, Cable also sported tons of fakeouts throughout the week. By the end of the week, the small little losses added together and put a 33-pip dent on the HLHB’s coffers.