HLHB System Update (February 16 – 20, 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

Fakeout galore! With no major data on tap and traders unwilling to take positions while Greek and Eurogroup officials are hashing out Greece’s debt deal, EUR/USD was in a tight range for most of the week. Though the system had 13 signals on the pair, only 4 of them were valid and half of them even turned out to be losses. Boo!

# Signal Open Close Pips Notes
1 Sell 1.1382 1.1409 -27 New crossover
2 Buy 1.1409 1.1406 -3 New crossover
3 Sell 1.1406 1.1406 0 RSI was already below 50
4 Buy 1.1366 1.1366 0 There was no crossover
5 Sell 1.1348 1.1348 0 There was no crossover
6 Buy 1.1386 1.1398 12 Adjusted stop loss hit
7 Sell 1.1399 1.1399 0 There was no crossover
8 Buy 1.1408 1.1408 0 There was no crossover
9 Buy 1.1411 1.1411 0 RSI was already above 50
10 Sell 1.1397 1.1384 13 Adjusted stop loss hit
11 Buy 1.1399 1.1399 0 RSI was already above 50
12 Sell 1.1398 1.1398 0 RSI was already below 50
13 Buy 1.1370 1.1370 0 RSI was already above 50
TOTAL -5

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Much like EUR/USD, Cable also had a ranging week. Mixed reports from the U.K. and the U.S. didn’t help, of course. The only difference is that the HLHB Trend-Catcher System somehow managed to gain a net of 2 pips by the end of the week. Not bad, I guess.

# Signal Open Close Pips Notes
1 Buy 1.5402 1.5402 0 RSI was already above 50
2 Sell 1.5395 1.5395 0 RSI was already below 50
3 Buy 1.5374 1.5374 0 There was no crossover
4 Sell 1.5347 1.5347 0 RSI was already below 50
5 Buy 1.5390 1.5354 -36 New crossover
6 Sell 1.5354 1.5354 0 RSI was already below 50
7 Buy 1.5360 1.5360 0 RSI was already above 50
8 Sell 1.5350 1.5364 -14 New crossover
9 Buy 1.5364 1.5430 66 Adjusted stop loss hit
10 Sell 1.5425 1.5429 -4 New crossover
11 Buy 1.5429 1.5429 0 RSI was already above 50
12 Sell 1.5384 1.5394 -10 Adjusted stop loss hit
TOTAL 2

Really hoping for an active week for both pairs this week!

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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