HLHB System Update (February 17 – 21, 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

Finally, a positive week for EUR/USD! Okay maybe it’s just the 4th signal that saved the pair during this week. It also helped that the RSI signal invalidated a lot of potential fakeouts and losses were minimal for some signals. Phew.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3702 1.3702 0 RSI was already below 50
2 Buy 1.3707 1.3707 0 RSI was already above 50
3 Sell 1.3701 1.3712 -11 New crossover
4 Buy 1.3712 1.3761 49 New crossover
5 Buy 1.3761 1.3761 0 RSI was already below 50
6 Sell 1.3746 1.3754 -8 New crossover
7 Buy 1.3754 1.3754 0 RSI was already above 50
8 Sell 1.3716 1.3720 -4 New crossover
9 Buy 1.3720 1.3720 0 RSI was already above 50
10 Sell 1.3714 1.3714 0 RSI was already below 50
11 Buy 1.3746 1.3743 -3 End-of-week trade
TOTAL 23

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

GBP/USD wasn’t so lucky during this week. The system threw a lot of fakeouts while the pair was slowly trending lower. I guess the system is only good for strong trends, huh?

# Signal Open Close Pips Notes
1 Sell 1.6721 1.6730 -9 New crossover
2 Buy 1.6730 1.6683 -47 New crossover
3 Sell 1.6683 1.6683 0 RSI was already below 50
4 Buy 1.6694 1.6682 -12 New crossover
5 Sell 1.6682 1.6682 0 RSI was already below 50
6 Buy 1.6715 1.6680 -35 New crossover
7 Sell 1.6680 1.6680 0 RSI was already below 50
8 Buy 1.6692 1.6658 -34 New crossover
9 Sell 1.6658 1.6649 9 New crossover
10 Sell 1.6649 1.6649 0 RSI was already below 50
11 Buy 1.6667 1.6629 -38 New crossover
12 Sell 1.6629 1.6644 -15 End-of-week trade
TOTAL -181

I hope this system sees a better week next week!

XOXO,

Huck

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