HLHB System Update (July 14 – 18, 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

Saved by a sell signal! The HLHB System did a great job at filtering out a lot of fakeouts although a couple still managed to sneak through. Fortunately, it also validated signal #6, which yielded a nice 81-pip win. This was enough to close the week with a 31-pip gain from EUR/USD. Not bad!

# Signal Open Close Pips Notes
1 Buy 1.3606 1.3602 -4 New crossover
2 Sell 1.3602 1.3604 -2 New crossover
3 Buy 1.3604 1.3604 0 There was no crossover
4 Sell 1.3612 1.3612 0 RSI was already below 50
5 Buy 1.3621 1.3621 0 RSI was already above 50
6 Sell 1.3614 1.3533 81 New crossover
7 Buy 1.3533 1.3526 -7 New crossover
8 Sell 1.3526 1.3526 0 RSI was already below 50
9 Buy 1.3534 1.3518 -16 New crossover
10 Sell 1.3518 1.3518 0 RSI was already below 50
11 Buy 1.3528 1.3528 0 RSI was already above 50
12 Sell 1.3522 1.3531 -9 New crossover
13 Buy 1.3531 1.3523 -8 New crossover
14 Sell 1.3523 1.3523 0 RSI was already below 50
15 Buy 1.3527 1.3527 0 There was no crossover
16 Sell 1.3518 1.3518 0 RSI was already below 50
17 Buy 1.3529 1.3525 -4 End-of-week trade
TOTAL 31

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, there were also a lot of fakeouts from GBP/USD. But unlike in EUR/USD, there was no big signal to save the week. Signal #10 could have erased some of the week’s losses but signal #19 already did enough damage with a 19-pip loss. By the end of the week the system is down 17 pips from Cable.

# Signal Open Close Pips Notes
1 Sell 1.7115 1.7115 0 RSI was already below 50
2 Buy 1.7125 1.7112 -13 New crossover
3 Sell 1.7112 1.7112 0 RSI was already below 50
4 Buy 1.7138 1.7143 5 New crossover
5 Buy 1.7143 1.7143 0 RSI was already above 50
6 Sell 1.7124 1.7143 -19 New crossover
7 Buy 1.7143 1.7143 0 There was no crossover
8 Sell 1.7134 1.7134 0 RSI was already above 50
9 Buy 1.7137 1.7137 0 There was no crossover
10 Sell 1.7121 1.7104 17 New crossover
11 Buy 1.7104 1.7104 0 There was no crossover
12 Sell 1.7093 1.7093 0 New crossover
13 Buy 1.7093 1.7086 -7 End-of-week trade
TOTAL -17

XOXO,

Huck

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