HLHB System Update (November 18 – 22, 2013)

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

EUR/USD

EURUSD

Another win from EUR/USD! As usual, the HLHB system dealt with more than a few fakeouts early in the week. Luckily, the system showed a sell signal just before an ECB official hinted at possible negative rates from the ECB. Price fell well below 1.3450 and gave the system 85 pips before Draghi dispelled the rumors and boosted the euro. Phew!

# Signal Open Close Pips Notes
1 Sell 1.3500 1.3519 -19 New crossover
2 Buy 1.3519 1.3519 0 RSI was already above 50
3 Buy 1.3518 1.3518 0 RSI was already above 50
4 Sell 1.3495 1.3524 -29 New crossover
5 Buy 1.3524 1.3534 10 New crossover
6 Sell 1.3534 1.3449 85 Trailing stop hit
TOTAL 47

GBP/USD

GBPUSD

Cable was in a wide range for most of the week, but that didn’t stop the HLHB system from sneaking in a total of 38 pips. Like in EUR/USD, it was the last signal for the week that brought home the bacon. Hmm, how can I filter these fakeouts?

# Signal Open Close Pips Notes
1 Sell 1.6110 1.6116 -6 New crossover
2 Buy 1.6116 1.6102 -14 New crossover
3 Sell 1.6102 1.6103 -1 New crossover
4 Buy 1.6103 1.6108 5 New crossover
5 Sell 1.6108 1.6131 -23 New crossover
6 Buy 1.6131 1.6129 -2 Trailing stop hit
7 Sell 1.6129 1.6129 0 RSI was already below 50
8 Buy 1.6129 1.6208 79 End-of-week trade
TOTAL 38

Let me know if you have any questions!

XOXO,

Huck

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