HLHB System Update (January 19 – 23, 2015)

Not surprisingly, the system gained tons of pips from EUR/USD last week. Here are results for both EUR/USD an GBP/USD last week.

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 ranged tightly for most of the week, probably due to anticipation of the ECB’s monetary policy decision. And boy did Mario Draghi sure deliver! With the ECB launching a more-generous-than-expected (60 billion EUR vs. 50 billion EUR expected) monthly QE program, forex traders were in a hurry to sell the common currency. Signal #12 caught the move perfectly, as it hit the system’s 200-pip profit target. Woohoo!

# Signal Open Close Pips Notes
1 Sell 1.1556 1.1556 0 RSI was already below 50
2 Sell 1.1559 1.1559 0 There was no crossover
3 Buy 1.1584 1.1595 11 New crossover
4 Sell 1.1595 1.1605 -10 New crossover
5 Buy 1.1605 1.1605 0 RSI was already above 50
6 Sell 1.1574 1.1574 0 RSI was already below 50
7 Buy 1.1569 1.1569 0 There was no crossover
8 Sell 1.1573 1.1573 0 RSI was already below 50
9 Buy 1.1610 1.1610 0 RSI was already above 50
10 Sell 1.1591 1.1624 -33 New crossover
11 Buy 1.1624 1.1624 0 RSI was already above 50
12 Sell 1.1562 1.1262 200 Profit target hit
TOTAL 168

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, GBP/USD’s price action was also choppy for most of the week. Unlike the former currency pair though, the system caught the big move a bit too late. Signal #10 was invalidated, which is probably why the system ended the week down by 34 pips on Cable.

# Signal Open Close Pips Notes
1 Buy 1.5155 1.5134 -21 New crossover
2 Sell 1.5134 1.5124 10 New crossover
3 Buy 1.5124 1.5145 21 New crossover
4 Sell 1.5145 1.5145 0 There was no crossover
5 Buy 1.5168 1.5168 0 RSI was already above 50
6 Sell 1.5114 1.5143 -29 New crossover
7 Buy 1.5143 1.5143 0 RSI was already above 50
8 Sell 1.5128 1.5128 0 RSI was already below 50
9 Buy 1.5150 1.5162 12 Adjusted stop loss hit
10 Sell 1.5086 1.5086 0 RSI was already below 50
11 Buy 1.5026 1.4999 -27 End-of-week trade
TOTAL -34

I’m not expecting any big moves from EUR/USD or GBP/USD this week, but I’m crossing my fingers for more valid (and profitable!) signals this time.

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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