HLHB System Update (September 8-12, 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

Fakeout galore! EUR/USD ranged for most of the week, so it’s not surprising that we saw a couple of fakeouts from the Trend-Catcher System. In fact, only signal #5 yielded a positive trade, which wasn’t enough to cover the losses from signals 2, 3, 6, 7, and 10.

# Signal Open Close Pips Notes
1 Sell 1.2955 1.2955 0 RSI was already below 50
2 Buy 1.2952 1.2939 -13 New crossover
3 Sell 1.2939 1.2950 -11 New crossover
4 Buy 1.2950 1.2950 0 There was no crossover
5 Sell 1.2934 1.2915 19 New crossover
6 Buy 1.2915 1.2904 -11 New crossover
7 Sell 1.2904 1.2923 -19 New crossover
8 Buy 1.2923 1.2923 0 There was no crossover
9 Sell 1.2913 1.2913 0 There was no crossover
10 Buy 1.2936 1.2918 -18 New crossover
11 Sell 1.2918 1.2918 0 RSI was already below 50
12 Buy 1.2929 1.2929 0 There was no crossover
TOTAL -53

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

What’s worse than a couple of small losing trades? A few big losing trades, that’s what. Though the HLHB System did a pretty good job at filtering some fakeouts, those that did escape the filter ended up as pretty significant losers. After two 54-pip losses and a 47-pip hit, the system took a 155-pip backstep from GBP/USD. Yipes!

# Signal Open Close Pips Notes
1 Sell 1.6098 1.6098 0 RSI was already below 50
2 Sell 1.6088 1.6088 0 RSI was already below 50
3 Buy 1.6125 1.6071 -54 New crossover
4 Sell 1.6071 1.6125 -54 New crossover
5 Buy 1.6125 1.6125 0 RSI was already above 50
6 Sell 1.6220 1.6220 0 There was no crossover
7 Buy 1.6256 1.6256 0 There was no crossover
8 Sell 1.6234 1.6234 0 There was no crossover
9 Buy 1.6256 1.6256 0 There was no crossover
10 Sell 1.6224 1.6271 -47 New crossover
11 Buy 1.6271 1.6271 0 RSI was already above 50
TOTAL -155

Obviously, it wasn’t a good week for trend-catching. Hopefully next week’s data will be better. Fingers crossed! 🙂

XOXO,

Huck

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