HLHB System Update (August 25 – 29, 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

You know the HLHB Trend-Catcher System is in trouble when you see a lot of signals in a ranging chart. Luckily for EUR/USD, the system was able to filter out a couple of fakeouts and even managed to catch Thursday’s big move downward. By the end of the week, EUR/USD had logged in a 7-pip profit. Phew!

# Signal Open Close Pips Notes
1 Buy 1.3204 1.3204 0 RSI was already above 50
2 Sell 1.3193 1.3193 0 RSI was already below 50
3 Buy 1.3205 1.3193 -12 New crossover
4 Sell 1.3205 1.3193 -8 New crossover
5 Buy 1.3201 1.3201 0 There was no crossover
6 Sell 1.3189 1.3182 7 New crossover
7 Buy 1.3182 1.3188 6 New crossover
8 Sell 1.3188 1.3188 0 New crossover
9 Buy 1.3188 1.3171 -17 New crossover
10 Sell 1.3171 1.3140 31 End-of-week trade
TOTAL 7

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, GBP/USD was also peppered with fakeouts throughout the week. Unlike in the former though, there were some pretty significant fakeouts that managed to evade the RSI filter. The system closed with a 53-pip loss from GBP/USD by the end of the week. Boo!

# Signal Open Close Pips Notes
1 Sell 1.6570 1.6589 -19 New crossover
2 Buy 1.6589 1.6576 -13 New crossover
3 Sell 1.6589 1.6576 0 RSI was already below 50
4 Buy 1.6587 1.6587 0 RSI was already above 50
5 Sell 1.6578 1.6572 6 New crossover
6 Buy 1.6572 1.6572 2 New crossover
7 Sell 1.6574 1.6574 0 There was no crossover
8 Buy 1.6588 1.6588 0 RSI was already above 50
9 Sell 1.6581 1.6581 0 RSI was already below 50
10 Buy 1.6589 1.6589 0 RSI was already above 50
11 Sell 1.6583 1.6583 0 There was no crossover
12 Buy 1.6589 1.6584 -5 New crossover
13 Sell 1.6584 1.6584 0 RSI was already below 50
14 Buy 1.6608 1.6584 -24 New crossover
15 Sell 1.6584 1.6584 0 RSI was already below 50
TOTAL -53

Let me know if you have any questions!

XOXO,

Huck

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