HLHB System Update (December 8 – 12, 2014)

Another mixed week for the HLHB System! Last week’s forex trading proved that a system doesn’t need to throw out a lot of signals to be profitable. Here are the details!

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

Most of EUR/USD’s action happened during the first half of the week as the pair took advantage of dollar weakness. Unfortunately for euro bulls and trend traders, a lack of new economic catalysts caged the pair in a range during the second half of the week. Overall the system gained 76 pips on the pair. Not bad, I think.

# Signal Open Close Pips Notes
1 Buy 1.2290 1.2293 3 New crossover
2 Sell 1.2293 1.2312 -19 New crossover
3 Buy 1.2312 1.2365 53 New crossover
4 Sell 1.2365 1.2394 -29 New crossover
5 Buy 1.2394 1.2394 0 RSI was already above 50
6 Sell 1.2376 1.2376 0 RSI was already below 50
7 Buy 1.2393 1.2421 28 New crossover
8 Sell 1.2421 1.2421 0 RSI was already below 50
9 Buy 1.2464 1.2464 0 RSI was already above 50
10 Sell 1.2433 1.2424 9 New crossover
11 Buy 1.2424 1.2455 31 End-of-week trade
TOTAL 76

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Here’s proof that signals mean profits! GBP/USD threw out a lot of signals last week with more than a couple of them invalidated by the RSI filter. Unfortunately for the system, most of the valid trades were seen in the second half of the week when the pair was in a wide range. This resulted to a 41-pip loss by the end of the week. Boo!

# Signal Open Close Pips Notes
1 Buy 1.5589 1.5529 40 New crossover
2 Sell 1.5629 1.5629 0 There was no crossover
3 Buy 1.5646 1.5646 0 RSI was already above 50
4 Sell 1.5631 1.5631 0 RSI was already below 50
5 Buy 1.5671 1.5671 0 RSI was already above 50
6 Buy 1.5672 1.5672 0 There was no crossover
7 Sell 1.5653 1.5653 0 RSI was already below 50
8 Buy 1.5694 1.5707 13 New crossover
9 Sell 1.5707 1.5707 0 There was no crossover
10 Buy 1.5720 1.5720 0 There was no crossover
11 Sell 1.5675 1.5711 -36 New crossover
12 Buy 1.5711 1.5711 0 RSI was already above 50
13 Sell 1.5703 1.5703 0 RSI was already below 50
14 Sell 1.5722 1.5722 0 There was no crossover
15 Sell 1.5699 1.5726 -27 New crossover
16 Buy 1.5726 1.5707 -19 New crossover
17 Sell 1.5707 1.5719 -12 End-of-week trade
TOTAL -41

Keeping my eyes peeled for more trend trades this week! Do you think we’ll still see strong moves over the next couple of days?

XOXO,

Huck

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