HLHB System Update (October 27 – 31, 2014)

Fakeouts, fakeouts everywhere! This wasn’t a good week for the HLHB System, as both EUR/USD and GBP/USD saw tons of fakeouts. Yikes!

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 in Rangeville for most of the week, so the HLHB System had a hard time finding trendy trades. Signal #6 would have been perfect if it had only shown a sell signal instead of signaling a long trade. Unfortunately, all valid signals turned out to be fakeouts and by the end of the week, the system was down by 71 pips on EUR/USD. Boo!

# Signal Open Close Pips Notes
1 Sell 1.2668 1.2668 0 RSI was already below 50
2 Buy 1.2708 1.2699 -9 New crossover
3 Sell 1.2699 1.2746 -47 New crossover
4 Buy 1.2746 1.276 0 RSI was already above 50
5 Sell 1.2724 1.2739 -15 New crossover
6 Buy 1.2739 1.2739 0 RSI was already above 50
7 Sell 1.2646 1.2646 0 RSI was already below 50
8 Buy 1.2622 1.2622 0 There was no crossover
9 Sell 1.2605 1.2605 0 RSI was already below 50
TOTAL -71

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, GBP/USD was also trending for most of the week. Unlike the previous pair though, the system had signal #10 that yielded pips and was able to offset most of the week’s losses. Still, the fakeouts ruled the system’s performance and resulted to a 23-pip loss for the week.

# Signal Open Close Pips Notes
1 Sell 1.6113 1.6113 0 There was no crossover
2 Buy 1.6124 1.6124 0 There was no crossover
3 Buy 1.6127 1.6127 0 RSI was already above 50
4 Sell 1.6119 1.6119 0 There was no crossover
5 Buy 1.6167 1.6167 0 There was no crossover
6 Sell 1.6132 1.6132 0 There was no crossover
7 Buy 1.6140 1.6140 0 RSI was already above 50
8 Sell 1.6122 1.6150 -28 New crossover
9 Buy 1.6150 1.6103 -47 New crossover
10 Sell 1.6103 1.5996 107 New crossover
11 Sell 1.5996 1.5996 0 RSI was already below 50
12 Buy 1.6002 1.5971 -31 New crossover
13 Sell 1.5971 1.5995 -24 New crossover
14 Buy 1.5995 1.5995 0 RSI was already above 50
TOTAL -23

Fingers crossed for a better week next week!

XOXO,

Huck

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