HLHB System Update (March 3 – 7, 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

Another good week for EUR/USD as the RSI filtered a lot of fakeouts. Signal #13 was particularly helpful as it locked in a sweet 131 pips. Too bad it hit its trailing stop!

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3760 1.3760 0 There was no RSI crossover
2 Buy 1.3791 1.3791 0 RSI was already above 50
3 Sell 1.3769 1.3782 -13 New crossover
4 Buy 1.3782 1.3782 0 RSI was already above 50
5 Sell 1.3762 1.3754 8 New crossover
6 Buy 1.3754 1.3731 -23 New crossover
7 Sell 1.3731 1.3731 0 RSI was already below 50
8 Buy 1.3738 1.3738 0 RSI was already above 50
9 Sell 1.3730 1.3730 0 RSI was already below 50
10 Sell 1.3729 1.3729 0 RSI was already below 50
11 Buy 1.3734 1.3728 -6 New crossover
12 Sell 1.3728 1.3735 -7 New crossover
13 Buy 1.3735 1.3866 131 Trailing stop hit
14 Sell 1.3862 1.3862 0 There was no RSI crossover
15 Buy 1.3874 1.3874 0 RSI was already above 50
TOTAL 90

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

A not-so-good week for GBP/USD as there’s a mix of invalidated signals and winning and losing ones. Unfortunately, losing trades trumped winning ones by a bit and resulted to a 38-pip loss.

# Signal Open Close Pips Notes
1 Sell 1.6713 1.6690 23 New crossover
2 Buy 1.6690 1.6690 0 RSI was already above 50
3 Sell 1.6664 1.6664 0 RSI was already below 50
4 Buy 1.6672 1.6710 38 New crossover
5 Sell 1.6710 1.6729 -19 New crossover
6 Buy 1.6729 1.6729 0 RSI was already above 50
7 Sell 1.6711 1.6711 0 There was no RSI crossover
8 Buy 1.6718 1.6718 0 RSI was already above 50
9 Sell 1.6705 1.6721 -16 New crossover
10 Buy 1.6721 1.6728 7 New crossover
11 Sell 1.6728 1.6759 -31 New crossover
12 Buy 1.6759 1.6719 -40 New crossover
13 Sell 1.6719 1.6719 0 RSI was already below 50
TOTAL -38

I hope this system sees a better week next week!

XOXO,

Huck

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