HLHB System Update (April 28 – May 2, 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

The RSI did a good job of filtering a couple of fakeouts with only a few slipping past the filter. Unfortunately, all the small losses added up to a 32-pip loss by the end of the week. Boo!

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3820 1.3866 -46 New crossover
2 Buy 1.3866 1.3866 0 RSI was already above 50
3 Sell 1.3844 1.3844 0 RSI was already below 50
4 Buy 1.3853 1.3853 0 RSI was already above 50
5 Sell 1.3858 1.3822 36 New crossover
6 Buy 1.3822 1.3867 45 New crossover
7 Buy 1.3867 1.3828 -39 New crossover
8 Sell 1.3828 1.3864 -36 New crossover
9 Buy 1.3864 1.3872 8 End-of-week trade
TOTAL -32

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Unlike in EUR/USD, the HLHB System’s RSI condition kept out most of the fakeouts. In fact, it kept out almost all of the trades with only one winning trade making the cut. By the end of the week the system gained 16 pips from Cable. Not bad!

# Signal Open Close Pips Notes
1 Buy 1.6824 1.6824 0 RSI was already above 50
2 Sell 1.6811 1.6821 0 RSI was already below 50
3 Buy 1.6816 1.6816 0 RSI was already above 50
4 Sell 1.6810 1.6810 0 RSI was already below 50
5 Buy 1.6833 1.6833 0 RSI was already above 50
6 Buy 1.6825 1.6825 0 RSI was already above 50
7 Buy 1.6895 1.6895 0 RSI was already above 50
8 Sell 1.6889 1.6873 16 Adjusted SL hit
9 Buy 1.6876 1.6876 0 End-of-week trade
TOTAL 16

Hoping for a better week next week!

XOXO,

Huck

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