HLHB System Update (November 4 – 8, 2013)

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EURUSD1
What a week for the euro! EUR/USD traded on a tight range early in the week. Fortunately for the system, it caught a sell signal just before the ECB cut its rates and Mario Draghi hinted at more stimulus to come. It got a cool 161 pips for the HLHB team! Woohoo!

# Signal Open Close Pips Notes
1 Buy 1.3511 1.3503 -8 New crossover
2 Sell 1.3503 1.3489 14 New crossover
3 Buy 1.3489 1.3509 20 New crossover
4 Sell 1.3509 1.3518 -9 New crossover
5 Buy 1.3518 1.3518 0 RSI was already above 50
6 Sell 1.3506 1.3345 161 Trailing stop hit
7 Sell 1.3390 1.3390 0 RSI was already below 50
TOTAL 178

GBP/USD

GBPUSD1

Unlike in EUR/USD, the system was a bit late in catching Cable’s strong moves. Instead, the system took profits on small price movements. It all worked out in the end though, as we still saw a 13-pip gain.

# Signal Open Close Pips Notes
1 Sell 1.5960 1.6050 -90 New crossover
2 Buy 1.6050 1.6084 34 New crossover
3 Buy 1.6084 1.6084 0 RSI was already above 50
4 Sell 1.6076 1.6059 17 New crossover
5 Buy 1.6082 1.6069 -13 New crossover
6 Sell 1.6069 1.6004 65 End-of-week trade
TOTAL 13

Let me know if you have any questions!

XOXO,

Huck

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