HLHB System Update (June 16 – 20, 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

Although signal #6 brought home 52 pips, a couple of fakeouts had canceled most of the gains. By the end of the week the system was down 18 pips from EUR/USD. Darn you fakeouts at the beginning of the week!

# Signal Open Close Pips Notes
1 Buy 1.3542 1.3527 -15 New crossover
2 Sell 1.3527 1.3527 0 RSI was already below 50
3 Buy 1.3555 1.3555 0 There was no crossover
4 Buy 1.3575 1.3543 -32 New crossover
5 Sell 1.3543 1.3554 -11 New crossover
6 Buy 1.3554 1.3606 52 New crossover
7 Sell 1.3606 1.3618 -12 New crossover
8 Buy 1.3618 1.3618 0 RSI was already above 50
9 Sell 1.3611 1.3611 0 RSI was already below 50
TOTAL -18

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Well this is a first. One look at GBP/USD tells us that there are more instances of fakeouts. Luckily, the HLHB System managed to filter out most of them. And with Signal #11 bringing 50 pips to the table, the system had limited its losses to 18 pips, similar to EUR/USD’s results. Not bad!

# Signal Open Close Pips Notes
1 Sell 1.6973 1.6973 0 There was no crossover
2 Buy 1.6994 1.6994 0 RSI was already above 50
3 Buy 1.6983 1.6983 0 RSI was already above 50
4 Buy 1.6981 1.6981 0 RSI was already above 50
5 Sell 1.6954 1.6986 -32 New crossover
6 Buy 1.6986 1.6986 0 RSI was already above 50
7 Sell 1.6962 1.6959 3 New crossover
8 Sell 1.6959 1.6959 0 RSI was already below 50
9 Buy 1.6966 1.6945 -21 New crossover
10 Sell 1.6945 1.6988 -43 New crossover
11 Buy 1.6988 1.7038 50 New crossover
12 Sell 1.7038 1.7013 25 End-of-week trade
TOTAL -18

Crossing my fingers for another good trading week!

XOXO,

Huck

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  • ForExchange

    Hi Huck,

    you made the wrong copy+paste at the end of your article: “Crossing my fingers for another good trading week!”

    You should have written that you are hoping for better trades this week :-)

    Anyway I am not writing for this reason. I check your reasults on a weekly basis but I do not know how your system is doing in the long term. Do you have such a historical result sheet like Cowabunga? Or can you make one?

    Thanks a lot and good luck!

  • Bugyibuci

    Hi Huck,

    I have been following your blog for a while now and I would like to ask you if you are using any EA’s to notify you of the entry and exit signals or are you glued to the screen 24/7 to watch out for the correct signals to enter and exit the trade? I am asking this because I am keep missing potential trades since by the time I look at the screen the signals to enter or exit had already passed resulting me in missing a good trade or loosing more as I had missed the crossover to signal me to exit the trade.

    Many thanks in advance ;)

    • Hucklekiwi Pip

      Hi and thanks a lot for reading my HLHB posts :)

      I’m not using an EA for this one because I manually invalidate trades if they don’t meet the RSI filter.

      What you can do is maybe take a look at the past posts and choose periods where watching it closely would be beneficial. For example, some of the good signals usually pop up in the second half of the week or at the start of the London session.

      Hope this helps and good luck! :)

      • Bugyibuci

        Much appreciate it Huck. Thank you