HLHB System Update (April 21 – 25, 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

Fakeout galore! The HLHB System printed a lot of fakeouts in EUR/USD this week. Too bad there weren’t any big gains to offset the losses! By the end of the week those small losses translated to a 9-pip setback for the system.

TOTAL

# Signal Open Close Pips Notes
1 Buy 1.3818 1.3818 0 RSI was already above 50
2 Sell 1.3812 1.3805 7 New crossover
3 Buy 1.3805 1.3801 -4 New crossover
4 Sell 1.3801 1.3801 0 RSI was already below 50
5 Buy 1.3806 1.3806 0 RSI was already above 50
6 Sell 1.3803 1.3810 -7 New crossover
7 Buy 1.3810 1.3814 4 New crossover
8 Sell 1.3814 1.3823 -9 New crossover
9 Buy 1.3823 1.3823 0 There was no crossover
10 Sell 1.3793 1.3793 0 There was no crossover
11 Buy 1.3824 1.3824 0 RSI was already above 50
TOTAL -9

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Now this is so much better! GBP/USD also didn’t escape from fakeouts and losing trades. Unlike in EUR/USD though, the system popped up a couple of winning trades that added up to a neat 40-pip gain on Cable. Woot!

# Signal Open Close Pips Notes
1 Sell 1.6797 1.6798 -1 New crossover
2 Buy 1.6798 1.6821 23 New crossover
3 Sell 1.6821 1.6775 46 New crossover
4 Sell 1.6775 1.6800 -25 New crossover
5 Buy 1.6800 1.6800 0 RSI was already above 50
6 Sell 1.6800 1.6803 -3 End-of-week trade
TOTAL 40

I really hope this system posts another good week next week!

XOXO,

Huck

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