HLHB System Update (January 12 – 16, 2015)

Fakeouts, fakeouts everywhere! A couple of forex signals from the HLHB System managed to dodge the RSI filter and resulted to losses for from EUR/USD and GBP/USD. Yipes!

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, thanks to a lack of fresh market catalyst. It wasn’t until the SNB unleashed its surprise decisions that we saw the pair dropped sharply. Unfortunately for the system, signal #9 was invalidated by the RSI filter.

# Signal Open Close Pips Notes
1 Sell 1.1815 1.1842 -27 New crossover
2 Buy 1.1842 1.1842 0 RSI was already above 50
3 Sell 1.1828 1.1850 -22 New crossover
4 Buy 1.1850 1.1821 -29 New crossover
5 Sell 1.1821 1.1786 35 New crossover
6 Buy 1.1786 1.1744 -42 New crossover
7 Sell 1.1744 1.1794 -50 Stop loss hit
8 Buy 1.1825 1.1776 -49 New crossover
9 Sell 1.1776 1.1776 0 RSI was already below 50
TOTAL -184

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, GBP/USD also didn’t go anywhere for most of the week. Unlike the previous pair though, there wasn’t a big move at the end of the week that could have erased the system’s losses. The fakeouts that managed to dodge the RSI filter added up and by the end of the week the system is down 136 pips from Cable. Boo!

# Signal Open Close Pips Notes
1 Sell 1.5157 1.5170 -13 New crossover
2 Buy 1.5170 1.5170 0 RSI was already above 50
3 Sell 1.5136 1.5167 -31 New crossover
4 Buy 1.5167 1.5159 -8 New crossover
5 Sell 1.5159 1.5159 0 RSI was already below 50
6 Buy 1.5154 1.5154 0 There was no crossover
7 Sell 1.5152 1.5152 0 RSI was already below 50
8 Buy 1.5168 1.5149 -19 New crossover
9 Sell 1.5149 1.5199 -50 Stop loss hit
10 Buy 1.5207 1.5219 12 Adjusted stop loss hit
11 Sell 1.5217 1.5252 -35 New crossover
12 Buy 1.5252 1.5252 0 RSI was already above 50
13 Sell 1.5199 1.5204 -5 New crossover
14 Buy 1.5204 1.5172 -32 New crossover
15 Sell 1.5172 1.5127 45 Adjusted stop loss hit
TOTAL -136

Hopefully the RSI filter will do a better job at weeding out fakeouts this week. Crossing my fingers for one-directional moves this week! Who knows, the ECB’s decision could provide the catalyst we’re waiting for!

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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