HLHB System Update (July 28 – August 1, 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

There was no megaprofitable signal from EUR/USD throughout the week, as the pair stayed in a wide range. It did catch signal #5 though, which canceled out all the fakeouts and led to a 19-pip win for the system. Woot!

# Signal Open Close Pips Notes
1 Sell 1.3432 1.3432 0 RSI was already below 50
2 Buy 1.3440 1.3440 0 RSI was already below 50
3 Sell 1.3435 1.3437 -2 New crossover
4 Buy 1.3437 1.3437 0 There was no crossover
5 Sell 1.3433 1.3397 36 New crossover
6 Buy 1.3397 1.3389 -8 New crossover
7 Sell 1.3389 1.3396 -7 New crossover
8 Buy 1.3396 1.3396 0 There was no crossover
9 Sell 1.3392 1.3392 14 RSI was already below 50
10 Sell 1.3388 1.3388 0 RSI was already below 50
11 Buy 1.3395 1.3395 0 RSI was already above 50
TOTAL 19

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

With Cable’s chart on a downtrend for most of the week, you would think that the system would clock in more profits. Unfortunately, the RSI filter took out signals 7 and 8, which would have caught most of the downtrend. Signal #5 was valid though, and was still enough to boost the results to a 12-pip gain by the end of the week. Not bad!

# Signal Open Close Pips Notes
1 Buy 1.6981 1.6981 0 There was no crossover
2 Sell 1.6976 1.6976 0 RSI was already below 50
3 Buy 1.6980 1.6977 -3 New crossover
4 Sell 1.6977 1.6981 -4 New crossover
5 Sell 1.6981 1.6953 28 New crossover
6 Buy 1.6953 1.6953 0 There was no crossover
7 Sell 1.6945 1.6945 0 RSI was already below 50
8 Sell 1.6899 1.6899 0 RSI was already below 50
9 Buy 1.6891 1.6882 -9 New crossover
10 Sell 1.6882 1.6882 0 RSI was already below 50
TOTAL 12

Can’t wait to see another trending week!

XOXO,

Huck

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