HLHB System Update (June 2 – 6, 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

Fakeouts, fakeouts everywhere! It was one of those weeks when EUR/USD ranged tightly for most of the week and it also happened that RSI was near the crossover areas. Signal #10 took a big hit thanks to the ECB’s decision creating ruckus among euro pairs in general. By the end of the week the HLHB System took a 143-pip hit from EUR/USD alone. Yikes!

# Signal Open Close Pips Notes
1 Sell 1.3623 1.3634 -11 New crossover
2 Buy 1.3634 1.3634 0 RSI was already above 50
3 Sell 1.3608 1.3592 16 New crossover
4 Sell 1.3592 1.3592 0 There was no crossover
5 Buy 1.3609 1.3617 8 New crossover
6 Sell 1.3617 1.3624 -7 New crossover
7 Buy 1.3624 1.3624 0 RSI was already above 50
8 Sell 1.3608 1.3606 2 New crossover
9 Buy 1.3606 1.3572 -34 New crossover
10 Sell 1.3572 1.3618 -46 New crossover
11 Buy 1.3618 1.3618 21 RSI was already above 50
12 Sell 1.3636 1.3664 -28 New crossover
13 Buy 1.3664 1.3633 -31 New crossover
14 Sell 1.3633 1.3645 -12 New crossover
15 Buy 1.3645 1.3645 0 RSI was already above 50
TOTAL -143

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, Cable was also peppered with fakeouts throughout the week. The HLHB System didn’t throw as many signals though, which is probably why the system’s losses on the pair was limited to 94 pips. It’s still pretty big though.

# Signal Open Close Pips Notes
1 Sell 1.6752 1.6755 -3 New crossover
2 Buy 1.6755 1.6738 -17 New crossover
3 Sell 1.6738 1.6757 -19 New crossover
4 Buy 1.6757 1.6739 -18 New crossover
5 Sell 1.6739 1.6756 -17 New crossover
6 Buy 1.6756 1.6746 -10 New crossover
7 Sell 1.6746 1.6742 4 New crossover
8 Buy 1.6742 1.6742 0 RSI was already above 50
9 Sell 1.6739 1.6739 0 There was no crossover
10 Buy 1.6745 1.6745 0 There was no crossover
11 Buy 1.6812 1.6812 0 There was no crossover
12 Sell 1.6792 1.6806 -14 End-of-week trade
TOTAL -94

Crossing my fingers for a better trading week next week!

XOXO,

Huck

Follow me on MeetPips.com

Follow me on Twitter

Like my page on Facebook