HLHB System Update (March 30 – April 3, 2015)

Not a good week for the HLHB Trend-Catcher System, as tight forex trading conditions brought out lots of fakeouts. Eep!

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

As you can see from the chart, the system had opportunities to bag pips early in the week. Unfortunately, the RSI filter had invalidated the trades. Even more unfortunately, the RSI filter didn’t work when the pair was actually ranging tightly. This caused tons of fakeouts that led to a 103-pip loss on the pair for the week. Yipes!

# Signal Open Close Pips Notes
1 Sell 1.0878 1.0878 0 RSI was already below 50
2 Buy 1.0839 1.0839 0 There was no crossover
3 Sell 1.0816 1.0816 0 RSI was already below 50
4 Buy 1.0755 1.0733 -22 New crossover
5 Sell 1.0733 1.0733 0 RSI was already below 50
6 Buy 1.0778 1.0745 -33 New crossover
7 Sell 1.0745 1.0767 -22 New crossover
8 Buy 1.0767 1.0754 -13 New crossover
9 Sell 1.0754 1.0767 -13 New crossover
10 Buy 1.0767 1.0767 0 RSI was already above 50
TOTAL -103

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, Cable also saw ranges for most of the week. But although there were fakeouts, the system managed to validate the last signal, which yielded a 66-pip gain and reduced the overall weekly losses to just 38 pips. Curse you, ranging week!

# Signal Open Close Pips Notes
1 Buy 1.4887 1.4887 0 RSI was already above 50
2 Sell 1.4866 1.4866 0 RSI was already below 50
3 Sell 1.4763 1.4763 0 RSI was already below 50
4 Buy 1.4830 1.4830 0 RSI was already above 50
5 Sell 1.4796 1.4841 -45 New crossover
6 Buy 1.4841 1.4841 0 RSI was already above 50
7 Sell 1.4827 1.4839 -12 New crossover
8 Buy 1.4839 1.4820 -19 New crossover
9 Sell 1.4820 1.4848 -28 New crossover
10 Buy 1.4848 1.4914 66 End-of-week trade
TOTAL -38

Fingers and toes crossed for a more volatile week this week. How about you? Did you put on trend trades on EUR/USD or GBP/USD last week? 🙂

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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