HLHB System Update (August 4 – 8, 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

The system might have filtered out signals early in the week, but it soon made up for the lack of action when the pair started dropping below 1.3400. Signal #7 was a particularly successful one, as it had caught the pair’s drop to the 1.3350 area. By the end of the week the system had gotten 22 pips from EUR/USD. Woohoo!

# Signal Open Close Pips Notes
1 Buy 1.3426 1.3426 0 RSI was already above 50
2 Buy 1.3429 1.3429 0 There was no crossover
3 Sell 1.3420 1.3420 0 RSI was already below 50
4 Buy 1.3422 1.3422 0 RSI was already above 50
5 Sell 1.3417 1.3422 -5 New crossover
6 Buy 1.3422 1.3409 -13 New crossover
7 Sell 1.3409 1.3370 39 New crossover
8 Buy 1.3370 1.3373 3 New crossover
9 Sell 1.3373 1.3394 -21 New crossover
10 Buy 1.3394 1.3413 19 End-of-week trade
TOTAL 22

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

There are almost as many valid invalid signals as valid ones in GBP/USD’s chart, but that didn’t stop the system from catching big moves. Heck, the last signal even brought in a nice 63-pip gain that brought the system’s net gains to a 36-pip gain throughout the week!

# Signal Open Close Pips Notes
1 Buy 1.6838 1.6838 0 RSI was already above 50
2 Sell 1.6850 1.6850 0 RSI was already below 50
3 Buy 1.6879 1.6859 -20 New crossover
4 Sell 1.6859 1.6859 0 There was no crossover
5 Buy 1.6872 1.6872 0 There was no crossover
6 Sell 1.6870 1.6843 27 New crossover
7 Sell 1.6843 1.6859 -16 New crossover
8 Buy 1.6859 1.6841 -18 New crossover
9 Sell 1.6841 1.6778 63 End-of-week trade
TOTAL 36

Can’t wait to see another trending week!

XOXO,

Huck

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  • trader27

    hi and thanks for the updates …one little question , when you make you notes what do you mean by , there was no crossover? you are talking about the emas that didnt cross, so you didnt take the trade ? sorry im not quite understanding that part , i see a crossover there , unless im missing something, ..please i look forward to your answer

    • Hucklekiwi Pip

      Hi and thanks for reading my blog!

      “There was no crossover” refers to the RSI crossing over or under the 50 mark. Sometimes it’s difficult to determine a real crossover from a blip that was more of a product of the RSI lollygagging around the 50 mark instead of an actual crossover. Hope this helps! 🙂