HLHB System Update (May 19 – 23, 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

Finally, a positive week for EUR/USD! There were only two valid signals last week and both of them turned out to be winners. No fakeouts this time!

TOTAL

# Signal Open Close Pips Notes
1 Buy 1.3703 1.3712 9 New crossover
2 Sell 1.3712 1.3712 0 There was no crossover
3 Buy 1.3701 1.3701 0 RSI was already above 50
4 Sell 1.3683 1.3683 0 RSI was already below 50
5 Buy 1.3587 1.3587 0 RSI was already above 50
6 Sell 1.3674 1.3674 0 RSI was already below 50
7 Buy 1.3680 1.3680 0 RSI was already above 50
8 Sell 1.3674 1.3630 44 End-of-week trade
TOTAL 53

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Just as the system finally caught a break with EUR/USD, its luck had turned with GBP/USD. We saw a lot of fake signals early in the week that translated to a net loss of 29 pips by the end of the week. Maybe we’ll see better system performance next week?

# Signal Open Close Pips Notes
1 Sell 1.6815 1.6825 -10 New crossover
2 Buy 1.6825 1.6809 -16 New crossover
3 Sell 1.6809 1.6837 -28 New crossover
4 Buy 1.6837 1.6815 -22 New crossover
5 Sell 1.6815 1.6836 -21 New crossover
6 Buy 1.6836 1.6833 -3 New crossover
7 Sell 1.6833 1.6842 -9 New crossover
8 Buy 1.6842 1.6885 0 New crossover
9 Sell 1.3885 1.3885 0 There was no crossover
10 Buy 1.3904 1.3904 0 There was no crossover
11 Sell 1.3870 1.3857 13 New crossover
12 Sell 1.3857 1.3857 0 RSI was already below 50
13 Buy 1.3871 1.3871 0 There was no crossover
14 Sell 1.3849 1.3825 24 End-of-week trade
TOTAL -29

Hoping for a better week next week!

XOXO,

Huck

Follow me on MeetPips.com

Follow me on Twitter

Like my page on Facebook