HLHB System Update (August 11 – 15, 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

Not a good week for the HLHB Trend Catcher System, as it lost pips from both EUR/USD. The 60-pip loss from signal #4 was particularly bad for EUR/USD since it popped up right AFTER a big move. Even worse, there was no winning trade to soften the blow of the losses. By the end of the week there was a 99-pip dent on the system’s performance. 🙁

# Signal Open Close Pips Notes
1 Buy 1.3368 1.3362 -6 New crossover
2 Sell 1.3362 1.3362 0 RSI was already below 50
3 Buy 1.3369 1.3352 -17 New crossover
4 Sell 1.3352 1.3412 -60 New crossover
5 Buy 1.3412 1.3412 0 RSI was already above 50
6 Sell 1.3369 1.3369 0 There was no crossover
7 Buy 1.3381 1.3365 -16 New crossover
8 Sell 1.3365 1.3365 0 RSI was already below 50
9 Buy 1.3368 1.3368 0 RSI was already above 50
TOTAL -99

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

GBP/USD also suffered a couple of fakeouts, but this time there was at least a 43-pip win to cushion the 48-pip loss from signal #6. Still, the system closed with a 44-pip damage by the end of the week.

# Signal Open Close Pips Notes
1 Buy 1.6791 1.6785 -6 New crossover
2 Sell 1.6785 1.6785 0 There was no crossover
3 Sell 1.6783 1.6783 0 RSI was already below 50
4 Buy 1.6778 1.6772 -6 There was no crossover
5 Sell 1.6772 1.6783 -11 New crossover
6 Buy 1.6783 1.6735 -48 New crossover
7 Sell 1.6735 1.6692 43 New crossover
8 Buy 1.6692 1.6692 0 New crossover
9 Sell 1.6684 1.6684 0 There was no crossover
10 Buy 1.6687 1.6684 -6 New crossover
11 Sell 1.6684 1.6684 0 RSI was already below 50
12 Buy 1.6696 1.6686 -10 New crossover
13 Sell 1.6686 1.6686 0 RSI was already below 50
14 Buy 1.6698 1.6698 0 RSI was already above 50
TOTAL -44

Fingers crossed for a better week next week!

XOXO,

Huck

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