HLHB System Update (February 9 – 13, 2015)

A pretty mixed week for the HLHB Trend-Catcher System, as it got hit with tons of forex fakeouts on 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 1-Hour Forex Chart

EUR/USD 1-Hour Forex Chart

EUR/USD ranged tightly for most of the week, so it was no surprise that we also saw tons of fakeouts. Luckily for the system, signal #10 turned out to be valid and caught almost all of the upward move towards the end of the week. This canceled most of the system’s weekly losses and capped the week with a 24-pip gain. Phew!

# Signal Open Close Pips Notes
1 Sell 1.1319 1.1319 0 RSI was already below 50
2 Buy 1.1330 1.1330 0 There was no crossover
3 Sell 1.1314 1.1314 0 RSI was already below 50
4 Buy 1.1324 1.1324 0 RSI was already above 50
5 Sell 1.1317 1.1317 0 There was no crossover
6 Buy 1.1321 1.1321 0 There was no crossover
7 Sell 1.1313 1.1323 -10 New crossover
8 Buy 1.1323 1.1308 -15 New crossover
9 Sell 1.1308 1.1335 -27 New crossover
10 Buy 1.1335 1.1411 76 End-of-week trade
TOTAL 24

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, Cable was also on a tight range for most of the week. Unlike in the first pair though, the system’s last signal, which would have gotten tons of pips, was invalidated by the RSI filter. This contributed to the system losing 69 pips by the end of the week. *smh*

# Signal Open Close Pips Notes
1 Sell 1.5238 1.5238 0 There was no crossover
2 Buy 1.5239 1.5203 -36 New crossover
3 Sell 1.5203 1.5236 -33 New crossover
4 Buy 1.5236 1.5236 0 RSI was already above 50
5 Sell 1.5244 1.5244 0 RSI was already below 50
6 Buy 1.5259 1.5259 0 RSI was already above 50
7 Sell 1.5232 1.5232 0 RSI was already below 50
8 Buy 1.5238 1.5238 0 There was no crossover
TOTAL -69

Fingers crossed for stronger moves and less fakeouts this week! 🙂

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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