HLHB System Update (March 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

Another good week for EUR/USD! Aside from the RSI filtering a couple of fakeouts, the system printed a sell signal right before the pair dropped below its consolidation on the 1-hour chart. The 149-pip trade from signal #7 was more than enough to offset the 13-pip loss from the 3rd signal.

TOTAL

# Signal Open Close Pips Notes
1 Sell 1.3901 1.3901 0 There was no crossover
2 Buy 1.3936 1.3936 0 RSI was already above 50
3 Sell 1.3916 1.3929 -13 New crossover
4 Buy 1.3929 1.3929 0 RSI was already above 50
5 Sell 1.3920 1.3920 0 RSI was already below 50
6 Buy 1.3926 1.3926 0 RSI was already above 50
7 Sell 1.3918 1.3769 149 New crossover
8 Sell 1.3769 1.3769 0 RSI was already below 50
9 Buy 1.3796 1.3797 1 End-of-week trade
TOTAL 137

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD HLHB System Forex Chart

Like in EUR/USD, the HLHB System was able to dodge some fakeouts with the RSI filter. Unfortunately, it also posted a BUY signal just before Cable dropped, a similar move that we saw in EUR/USD. It resulted to a 67-pip loss that pulled the net results to -56 pips. Drat!

# Signal Open Close Pips Notes
1 Sell 1.6626 1.6626 0 RSI was already below 50
2 Buy 1.6651 1.6633 -18 New crossover
3 Sell 1.6633 1.6640 -7 New crossover
4 Buy 1.6640 1.6640 0 RSI was already above 50
5 Sell 1.6602 1.6590 12 New crossover
6 Sell 1.6590 1.6590 0 RSI was already below 50
7 Buy 1.6598 1.6531 -67 New crossover
8 Sell 1.6531 1.6507 24 New crossover
9 Sell 1.6507 1.6507 0 RSI was already below 50
10 Sell 1.6506 1.6506 0 RSI was already below 50
TOTAL -56

I hope this system sees a better week next week!

XOXO,

Huck

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