HLHB System Update (September 29 – October 3, 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

The NFP week brought a lot of fakeouts on EUR/USD’s chart. Luckily, the system was able to filter out most of them. It even produced signal #8, which yielded a cool 146 thanks to a strong NFP report. By the end of the week, the system bagged 156 pips from EUR/USD’s price action. Woot! Woot!

# Signal Open Close Pips Notes
1 Buy 1.2687 1.2685 -2 New crossover
2 Sell 1.2685 1.2685 0 RSI was already below 50
3 Buy 1.2693 1.2693 0 RSI was already above 50
4 Sell 1.2684 1.2684 0 RSI was already below 50
5 Buy 1.2618 1.2630 12 New crossover
6 Sell 1.2630 1.2630 0 There was no crossover
7 Buy 1.2662 1.2662 0 RSI was already above 50
8 Sell 1.2657 1.2511 146 End-of-week trade
TOTAL 156

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Just like in the previous week, the HLHB System wasn’t as lucky with GBP/USD. While there were almost as many fakeouts as there were in EUR/USD, the system also invalidated signal #10 (the pre-NFP sell signal). With no trade to offset the losses, the system ended the week 56 pips down with GBP/USD. Yikes.

# Signal Open Close Pips Notes
1 Buy 1.6249 1.6243 -6 New crossover
2 Sell 1.6243 1.6243 0 RSI was already below 50
3 Buy 1.6259 1.6259 0 RSI was already above 50
4 Sell 1.6200 1.6200 0 RSI was already below 50
5 Buy 1.6219 1.6187 -32 New crossover
6 Sell 1.6187 1.6187 0 There was no crossover
7 Buy 1.6198 1.6180 -18 New crossover
8 Sell 1.6180 1.6180 0 RSI was already below 50
9 Buy 1.6159 1.6159 0 There was no crossover
10 Sell 1.6137 1.6137 0 There was no crossover
TOTAL -56

Will this trading week yield good trends for EUR/USD and GBP/USD? I hope so!

XOXO,

Huck

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