Another mixed week for the HLHB System! Thanks to the RSI filter, the legit trend signals that I spotted were invalidated. Here are the numbers!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD traded tightly in the first two days of the week before overall dollar weakness pushed the pair higher. Signal #4 would’ve yielded tons of pips if RSI wasn’t already above the 50.0 mark. Unfortunately, that was the only big move, as EUR/USD soon returned to its tight trading conditions. By the end of the week, the HLHB System sustained losses from 3 signals that translated to a net loss of 32 pips.
Cable’s price action was not much different from EUR/USD’s with tight trading conditions seen in the first half of the week. Signal #6 heralded a decent uptrend and passed the HLHB’s RSI filter, but its gains got choked by the adjusted stop loss even before GBP/USD had a chance to really fly. Still, the 66 pips from the signal is nothing to sneeze at, especially since it helped drag the net gain up to 12 pips by the end of the week. Phew!
Not a bad week for the HLHB though it definitely could be better. See ya next week! Oh, and don’t hesitate to holler if you have any questions!
P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!
2014 HLHB Trend-Catcher Performance