HLHB System Update (February 10 – 14, 2014)

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

EUR/USD

EUR/USD HLHB System Forex Chart

EUR/USD HLHB System Forex Chart

The week was not kind to the HLHB System as there were a lot of fakeouts and consolidations after a strong move in January. The 6th signal on EUR/USD was a good catch but wasn’t enough to offset the small losses from earlier in the week. Boo.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3650 1.3676 -26 New crossover
2 Buy 1.3676 1.3654 -22 New crossover
3 Sell 1.3654 1.3645 9 New crossover
4 Buy 1.3645 1.3578 -67 New crossover
5 Sell 1.3578 1.3578 0 RSI was already below 50
6 Buy 1.3606 1.3695 89 New crossover
7 Buy 1.3695 1.3695 0 RSI was already above 50
TOTAL -17

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

GBP/USD also didn’t have any luck during this week. Although the pair broke above the consolidation and showed strong movement later in the week, the signal that would have caught the move was invalidated by the fact that the RSI was already above 50 at the time. Talk about tough luck!

# Signal Open Close Pips Notes
1 Sell 1.6391 1.6410 -19 New crossover
2 Buy 1.6410 1.6410 0 RSI was already above 50
3 Sell 1.6395 1.6418 -23 New crossover
4 Buy 1.6418 1.6418 0 RSI was already above 50
5 Sell 1.6403 1.6430 -27 New crossover
6 Buy 1.6430 1.6449 19 New crossover
7 Buy 1.6449 1.6449 0 RSI was already above 50
TOTAL -50

I hope this system sees a better week next week!

XOXO,

Huck

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  • aniskazi

    Hey I like the simplicity of this method and would like to give an advice which I think would may improve this method and would give you an early signal when the movings avgs will cross. You should use the Parabolic stop and reverse this will give you an earnly signal when the smas cross 😉 hope this helps.

    • Hucklekiwi Pip

      Hi! Thanks for checking out my update and your advice. Do you also use ParSar in your trades? 🙂