HLHB System Update (January 20 – 24, 2014)

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

EUR/USD

EURUSD

EUR/USD ranged tightly early in the week and caused a lot of fakeouts for the HLHB system. Things turned around after signal #7 though, as it yielded 121 pips in just over a day. Awesome, right?

TOTAL36

# Signal Open Close Pips Notes
1 Buy 1.3547 1.3546 -1 New crossover
2 Sell 1.3546 1.3546 0 RSI was already below 50
3 Buy 1.3560 1.3555 -5 New crossover
4 Sell 1.3555 1.3555 0 RSI was already below 50
5 Buy 1.3570 1.3546 -24 New crossover
6 Sell 1.3546 1.3550 -4 New crossover
7 Buy 1.3550 1.3671 121 New crossover
8 Sell 1.3671 1.3671 0 There was no RSI cross
9 Buy 1.3719 1.3719 0 RSI was already above 50
10 Sell 1.3680 1.3678 2 End-of-week trade
TOTAL 89

GBP/USD

GBPUSD

The HLHB system experienced a double whammy from Cable this week as it not only ranged tightly for most of the week but it also inspired a lot of RSI crosses. As a result, we saw a LOT of signals that turned out to be fakeouts. My system gave up a ridiculous 102 pips by the end of the week! Ouch.

# Signal Open Close Pips Notes
1 Sell 1.6400 1.6427 -27 New crossover
2 Buy 1.6427 1.6427 0 RSI was already above 50
3 Sell 1.6421 1.6434 -13 New crossover
4 Buy 1.6434 1.6434 0 RSI was already above 50
5 Sell 1.6426 1.6435 -9 New crossover
6 Buy 1.6435 1.6435 0 There was no RSI cross
7 Sell 1.6421 1.6441 -20 New crossover
8 Buy 1.6441 1.6416 -25 New crossover
9 Sell 1.6416 1.6474 -58 New crossover
10 Buy 1.6474 1.6474 0 RSI was already above 50
11 Sell 1.6466 1.6549 -83 New crossover
12 Buy 1.6549 1.6568 19 New crossover
13 Buy 1.6568 1.6568 0 New crossover
14 Sell 1.6621 1.6507 114 End-of-week trade
TOTAL -102

Looking forward to a better week!

XOXO,

Huck

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  • N

    if i can make a suggestion as i can see you should be making a lot more then you are.

    1. trade in 1 direction towards the major trend

    2. slightly wider stop, reduce position size if you have to.

    • Runze

      I agree with you. Only look for 1 direction with major trend. But also pay attention to any significant S/R lines on the daily and weekly, monthly charts.

      • Hucklekiwi Pip

        Noted on the S/R levels! I actually know of some traders who are more discretionary about their use of the HLHB system. Have you tried it too? 🙂

    • Hucklekiwi Pip

      Thanks for your advice, N!

      Do you have ideas on how we can pinpoint a major trend? I use the crossovers to hopefully catch the start a new trend or at least catch a big move. For example, the 14th signal on GBP/USD would have been an invalid trade if we were only looking at long signals 🙂

  • N

    totally agree

  • N

    hi,

    I would be looking at the daily chart eyes on price is it going up sideways or down.

    If you must use indicators on the daily chart the sma 20 50 100 and 200 are the most well known. Looking at the angle of the averages to help.

    If I was to say anything else stand back and look at the results on that table, if you entered with a slightly wider stop and simply waited you would have achieved 100 or so pips in each pair, rather then the number of trades you have taken for the result.

    trade less tends to earn more.. with some patience.