HLHB System Update (May 18 – 22, 2015)

Another profitable forex trading week for the HLHB Trend-Following System, yo! Here are the deets on EUR/USD and GBP/USD price action!

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

The HLHB System showed a strong sell signal at the beginning of the week just before EUR/USD dropped. Unfortunately, the RSI filter had was nowhere near a crossover and the signal was invalidated. The pair then ranged for the remainder of the week, though it didn’t stop the system from sneaking a net of 49 pips by week’s end. Phew!

# Signal Open Close Pips Notes
1 Sell 1.1417 1.1417 0 There was no crossover
2 Buy 1.1117 1.1113 -4 New crossover
3 Sell 1.1113 1.1113 0 There was no crossover
4 Buy 1.1133 1.1133 0 There was no crossover
5 Sell 1.1120 1.1120 0 There was no crossover
6 Buy 1.1132 1.1132 0 There was no crossover
7 Sell 1.1115 1.1134 -19 New crossover
8 Buy 1.1134 1.1134 0 There was no crossover
9 Sell 1.1080 1.1008 72 End-of-week trade
TOTAL 49

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Unlike in EUR/USD, Cable went straight into ranging mode and remained that way for most of the week. Still, price action was wide enough to pop up some good signals for the HLHB System. Signal #7 was particularly successful, as it showed up just before GBP/USD rocketed by around 100 pips. By the end of the week the system was up by a net of 63 pips on the pair. Woot! Woot!

# Signal Open Close Pips Notes
1 Buy 1.5666 1.5666 0 There was no crossover
2 Sell 1.5598 1.5598 0 There was no crossover
3 Buy 1.5526 1.5538 12 Adjusted stop loss hit
4 Sell 1.5530 1.5530 0 There was no crossover
5 Buy 1.5540 1.5540 0 There was no crossover
6 Sell 1.5526 1.5562 -36 New crossover
7 Buy 1.5562 1.5649 87 Adjusted stop loss hit
8 Sell 1.5659 1.5659 0 There was no crossover
TOTAL 63

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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  • Jijan Kaizoku

    Dear Huck,
    why don’t you use ADX indicator to check for trend strength?