HLHB System Update (March 24 – 28, 2014)

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD HLHB System Forex Chart

EUR/USD HLHB System Forex Chart

EUR/USD’s signal #3 killed the overall profits as it happened just before a spike. Gains from signal #7 probably would have reversed the losses but it was invalidated with the RSI that’s already below 50.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3790 1.3790 0 RSI was already below 50
2 Buy 1.3801 1.3801 0 RSI was already above 50
3 Sell 1.3775 1.3870 -95 New crossover
4 Buy 1.3870 1.3870 0 RSI was already above 50
5 Sell 1.3813 1.3826 -13 New crossover
6 Buy 1.3826 1.3826 0 RSI was already above 50
7 Sell 1.3813 1.3813 0 RSI was already below 50
8 Buy 1.3752 1.3752 0 There was no crossover
9 Sell 1.3755 1.3756 0 RSI was already below 50
10 Buy 1.3755 1.3756 1 End-of-week trade
TOTAL -107

GBP/USD

GBP/USD HLHB System Forex Char

GBP/USD HLHB System Forex Char

The HLHB System caused twice the trouble for GBP/USD as it threw A LOT of fakeouts that were valid signals. By the end of the week the small losses added to a 200-pip damage. Yikes!

# Signal Open Close Pips Notes
1 Buy 1.6491 1.6491 0 There was no crossover
2 Sell 1.6486 1.6486 0 There was no crossover
3 Buy 1.6498 1.6480 -18 New crossover
4 Sell 1.6480 1.6496 -16 New crossover
5 Buy 1.6496 1.6481 -15 New crossover
6 Sell 1.6481 1.6535 -54 New crossover
7 Buy 1.6535 1.6535 0 RSI was already above 50
8 Sell 1.6490 1.6503 -13 New crossover
9 Buy 1.6503 1.6503 0 RSI was already above 50
10 Sell 1.6519 1.6543 -24 New crossover
11 Buy 1.6543 1.6567 24 New crossover
12 Sell 1.6567 1.6578 -11 New crossover
13 Buy 1.6578 1.6564 -14 New crossover
14 Sell 1.6564 1.6630 -66 New crossover
15 Buy 1.6630 1.6605 -25 New crossover
16 Sell 1.6605 1.6605 0 There was no crossover
17 Buy 1.6618 1.6618 0 RSI was already above 50
18 Sell 1.6614 1.6614 0 RSI was already below 50
19 Buy 1.6626 1.6664 18 End-of-week trade
TOTAL -214

I really hope this system sees a better week next week!

XOXO,

Huck

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