HLHB System Update (May 12 – 16, 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 alert! The RSI filter was no match for the sheer volume of fake signals thrown the HLHB System’s way for this week. We only saw one positive trade while a lot of valid signals turned out to be fakeouts. By the end of the week the system registered a 68-pip loss on EUR/USD. Gaaah.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3755 1.3755 0 RSI was already below 50
2 Buy 1.3765 1.3755 -10 New crossover
3 Sell 1.3755 1.3761 -6 New crossover
4 Buy 1.3761 1.3761 0 There was no crossover
5 Sell 1.3748 1.3717 31 New crossover
6 Buy 1.3717 1.3707 -10 New crossover
7 Sell 1.3707 1.3717 -10 New crossover
8 Buy 1.3717 1.3717 0 There was no crossover
9 Sell 1.3712 1.3712 0 There was no crossover
10 Buy 1.3718 1.3708 -10 New crossover
11 Sell 1.3708 1.3715 -7 New crossover
12 Buy 1.3715 1.3675 -40 New crossover
13 Sell 1.3675 1.3675 0 There was no crossover
14 Buy 1.3712 1.3712 0 RSI was already above 50
15 Sell 1.3693 1.3699 -6 End-of-week trade
TOTAL -68

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

I’m loving the HLHB System on GBP/USD lately! The system only gave 6 signals throughout the week but half of them turned out to be good winners. What a treat! By the end of the week the 73-pip win just about canceled out the losses on EUR/USD. Still a pretty good week, I think. 🙂

# Signal Open Close Pips Notes
1 Sell 1.6870 1.6870 0 RSI was already below 50
2 Buy 1.6883 1.6883 0 RSI was already above 50
3 Sell 1.6872 1.6841 31 New crossover
4 Buy 1.6841 1.6810 -31 New crossover
5 Sell 1.6810 1.6778 32 New crossover
6 Buy 1.6778 1.6819 41 End-of-week trade
TOTAL 73

Hoping for a better week next week!

XOXO,

Huck

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