HLHB System Update (July 21 – 25, 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

EUR/USD ranged tightly for most of the week and only showed volatility around news releases. Signal #3 would have given a lot of pips had it not been invalidated by the RSI filter. Signal #9 brought pips to the table though, and limited the system’s weekly losses to just 7 pips. Phew!

# Signal Open Close Pips Notes
1 Sell 1.3526 1.3526 0 RSI was already below 50
2 Buy 1.3525 1.3521 -4 New crossover
3 Sell 1.3521 1.3521 0 RSI was already below 50
4 Buy 1.3467 1.3467 0 RSI was already above 50
5 Sell 1.3463 1.3463 0 RSI was already above 50
6 Buy 1.3473 1.3467 -6 New crossover
7 Sell 1.3467 1.3467 0 RSI was already below 50
8 Buy 1.3467 1.3467 0 RSI was already above 50
9 Sell 1.3446 1.3432 14 End-of-week trade
TOTAL -7

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Unlike in EUR/USD, we saw a downtrend from GBP/USD. The move wasn’t smooth though, so there were still tons of fakeouts instead of trending signals. Signal #11 canceled out some of the unfiltered fakeouts with a 43-pip gain and helped end the week with only a 3-pip loss for the HLHB System.

# Signal Open Close Pips Notes
1 Sell 1.7076 1.7076 0 RSI was already below 50
2 Buy 1.7076 1.7076 0 There was no crossover
3 Sell 1.7069 1.7069 0 RSI was already below 50
4 Buy 1.7078 1.7063 -15 New crossover
5 Sell 1.7063 1.7076 -13 New crossover
6 Buy 1.7076 1.7076 0 RSI was already above 50
7 Sell 1.7062 1.7062 0 RSI was already below 50
8 Buy 1.7069 1.7069 0 RSI was already above 50
9 Sell 1.7046 1.7042 4 New crossover
10 Buy 1.7042 1.7042 0 RSI was already above 50
11 Sell 1.7018 1.6975 43 New crossover
12 Sell 1.6975 1.6975 0 RSI was already below 50
13 Buy 1.6995 1.6975 -20 New crossover
14 Sell 1.6975 1.6977 -2 End-of-week trade
TOTAL -3

Hopefully we see better results next week!

XOXO,

Huck

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