HLHB System Update (September 22-26, 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

EUR/USD was on a pretty tight range for most of the week and only came alive on Wednesday. This trend-catcher system did its job though! It was able to validate signal #6, which yielded a cool 99 pips and canceled out the two fakeout signals. Phew!

# Signal Open Close Pips Notes
1 Buy 1.2859 1.2839 -20 New crossover
2 Sell 1.2839 1.2839 0 RSI was already below 50
3 Buy 1.2850 1.2850 0 RSI was already above 50
4 Sell 1.2858 1.2858 0 RSI was already below 50
5 Buy 1.2860 1.2846 -14 New crossover
6 Sell 1.2846 1.2747 99 Trailing stop hit
7 Sell 1.2745 1.2745 0 RSI was already below 50
TOTAL 65

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

The HLHB System wasn’t as lucky with GBP/USD. Thanks to an intraday moves that’s tighter than skinny jeans, a lot of valid signals turned out to be fakeouts. Good thing that signal #12 and #18 came to the rescue and still managed to cancel out most of the week’s losses.

# Signal Open Close Pips Notes
1 Buy 1.6353 1.6353 0 RSI was already above 50
2 Sell 1.6327 1.6327 0 RSI was already below 50
3 Buy 1.6348 1.6328 -20 New crossover
4 Sell 1.6328 1.6347 -19 New crossover
5 Buy 1.6347 1.6342 -5 Trailing stop hit
6 Sell 1.6322 1.6322 0 RSI was already below 50
7 Buy 1.6390 1.6369 -21 New crossover
8 Sell 1.6369 1.6369 0 There was no crossover
9 Buy 1.6405 1.6385 -20 New crossover
10 Sell 1.6385 1.6404 -19 New crossover
11 Buy 1.6404 1.6404 0 RSI was already above 50
12 Sell 1.6387 1.6338 49 New crossover
13 Buy 1.6338 1.6338 0 RSI was already above 50
14 Sell 1.6303 1.6303 0 RSI was already below 50
15 Buy 1.6319 1.6319 0 There was no crossover
16 Sell 1.6307 1.6307 0 There was no crossover
17 Buy 1.6328 1.6306 -22 New crossover
18 Sell 1.6306 1.63244 62 End-of-week trade
TOTAL -15

Crossing my fingers for another trending environment next week!

XOXO,

Huck

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