HLHB System Update (January 26 – 30, 2015)

Last week’s forex trading yielded mixed results for the HLHB System, as it lost pips on EUR/USD but gained pips 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 failed to get momentum after it rose to the 1.1300 area at the beginning of the week. The ranging environment yielded a lot of fakeouts for the HLHB System, which eventually added up to a 72-pip loss for the week. Boo!

# Signal Open Close Pips Notes
1 Buy 1.1217 1.1237 20 New crossover
2 Sell 1.1237 1.1237 0 RSI was already below 50
3 Buy 1.1337 1.1337 0 RSI was already above 50
4 Sell 1.1335 1.1371 -36 New crossover
5 Buy 1.1371 1.1371 0 RSI was already above 50
6 Sell 1.1336 1.1336 0 RSI was already below 50
7 Buy 1.1363 1.1308 -55 New crossover
8 Sell 1.1308 1.1316 -8 New crossover
9 Buy 1.1316 1.1317 1 New crossover
10 Sell 1.1306 1.1300 6 End-of-week trade
TOTAL -72

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

GBP/USD’s price action was more trend-y than EUR/USD’s. The pair rose to the 1.5200 area where it found intraweek resistance. Its move back to the 1.5000 support was also a good opportunity for intraday trends. In fact, signal #8 could have yielded pips for the system, if only it wasn’t invalidated by the RSI filter. Still, the system gained a cute 13 pips from GBP/USD by the end of the week.

# Signal Open Close Pips Notes
1 Sell 1.4994 1.4994 0 RSI was already below 50
2 Buy 1.5022 1.5022 0 RSI was already above 50
3 Sell 1.5072 1.5120 -48 New crossover
4 Buy 1.5120 1.5173 53 Adjusted stop loss hit
5 Buy 1.5184 1.5184 0 RSI was already above 50
6 Sell 1.5160 1.5160 0 There was no crossover
7 Buy 1.5186 1.5186 0 There was no crossover
8 Sell 1.5164 1.5164 0 RSI was already below 50
9 Buy 1.5048 1.5040 9 Adjusted stop loss hit
10 Buy 1.5062 1.5062 0 End-of-week trade
TOTAL 13

Looking forward to seeing more trends! If only there was a catalyst for big moves…

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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