HLHB System Update (January 5 – 9, 2015)

A pretty good week for the HLHB Trend-Catcher System, as it gained pips from both EUR/USD and GBP/USD. Here’s my forex update!

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 popped up its most profitable signal near the start of the week before it dropped (and ranged) around the 1.1800 area. Luckily for the HLHB System, the 96-pip gain on signal #2 was enough to offset losses from fakeouts from the latter part of the week. Phew!

# Signal Open Close Pips Notes
1 Sell 1.1907 1.1907 0 There was no crossover
2 Sell 1.1913 1.1817 96 New crossover
3 Buy 1.1817 1.1817 0 RSI was already above 50
4 Sell 1.1784 1.1784 0 RSI was already below 50
5 Buy 1.1801 1.1793 -8 New crossover
6 Sell 1.1793 1.1793 0 RSI was already below 50
7 Buy 1.1805 1.1788 -17 New crossover
8 Sell 1.1788 1.1832 -44 New crossover
9 Sell 1.1832 1.1843 11 End-of-week trade
TOTAL 38

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, GBP/USD also dropped significantly before ranging. Unlike in EUR/USD though, the HLHB System invalidated a potentially profitable signal. Instead, the system got its profits from signal #5. Not as good as signal #1’s potential profits, but a gain’s a gain, right?

# Signal Open Close Pips Notes
1 Sell 1.5232 1.5232 0 RSI as already below 50
2 Sell 1.5105 1.5105 0 RSI was already below 50
3 Buy 1.5090 1.5081 -9 New crossover
4 Sell 1.5081 1.5081 0 There was no crossover
5 Buy 1.5095 1.5165 70 End-of-week trade
TOTAL 61

A pretty good start for the year, I think. Hopefully we see more trends this year. Who knows? Maybe the system’s performance could surpass its 2014 results!

XOXO,

Huck

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  • pipslk

    Do you trade only with this system? I mean 38+61=99 pips. Is this enough for 1 week ? I am newbie trader. Sorry if my question is so stupid. I mean do you have an average target of pips for a week/month?

    • Hucklekiwi Pip

      Hi and thanks for checking out my updates! Aside from using the HLHB, I also do discretionary trading on the majors. I think 99 pips a week is not bad considering that I just have to take what the signals are saying. I don’t really have a weekly or monthly target for this one. How about you? Have you found a strategy that you could use?