HLHB System Update (November 3 – 7, 2014)

Another mixed week for the HLHB System, as it gained pips on EUR/USD but got hit by fakeouts on GBP/USD.

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 tight range for most of the week, until a strong move on Thursday broke the pair’s intraweek support. The move wasn’t sustained though, as it still closed back to the 1.2450 levels. Luckily for the system, it still managed to catch a few good signals that pushed the weekly gains at 95 pips. Woot!

# Signal Open Close Pips Notes
1 Sell 1.2483 1.2483 0 RSI was already below 50
2 Buy 1.2499 1.2533 34 New crossover
3 Sell 1.2533 1.2533 0 RSI was already below 50
4 Buy 1.2491 1.2491 0 There was no crossover
5 Sell 1.2420 1.2381 39 New crossover
6 Sell 1.2381 1.2381 0 RSI was already below 50
7 Buy 1.2433 1.2455 22 End-of-week trade
TOTAL 95

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

The HLHB System also printed more than a couple of signals on GBP/USD despite a ranging environment. But unlike in EUR/USD, there were TONS of fakeouts in GBP/USD’s chart, which resulted to a 31-pip loss for the system. Not surprising for a trend-catcher system though!

# Signal Open Close Pips Notes
1 Sell 1.5978 1.5978 0 RSI was already below 50
2 Buy 1.5985 1.5985 0 RSI was already above 50
3 Sell 1.5993 1.5993 0 RSI was already below 50
4 Buy 1.6003 1.6003 0 RSI was already above 50
5 Sell 1.5997 1.5997 0 There was no crossover
6 Buy 1.6003 1.6003 0 There was no crossover
7 Sell 1.5961 1.5961 0 RSI was already below 50
8 Buy 1.5977 1.5977 0 RSI was already above 50
9 Sell 1.5957 1.5957 0 RSI was already below 50
10 Buy 1.5979 1.5948 -31 New crossover
11 Sell 1.5948 1.5948 0 RSI was already below 50
TOTAL -31

Fingers crossed for a better week next week!

XOXO,

Huck

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