HLHB System Update (September 9 to 13, 2013)

EUR/USD

EUR/USD 1-hour Chart

It wasn’t a good week for the HLHB Trend-Catcher as we saw a lot of fakeouts. EUR/USD, in particular, traded tightly for most of the week, which resulted in losses for the system.

# Signal Open Close Pips Notes
1
Buy
1.3266 1.3266
0
RSI was already above 50
2
Sell
1.3257 1.3274
-17
New crossover
3
Buy
1.3274 1.3256
-18
New crossover
4
Sell
1.3256 1.3263
-7
New crossover
5
Buy
1.3263 1.3300
37
New crossover
6
Sell
1.3300 1.3307
-7
Trailing stop hit
7
Buy
1.3315 1.3315
0
RSI was already above 50
8
Sell
1.3300 1.3281
19
New crossover
9
Sell
1.3281 1.3311
-30
New crossover
10
Buy
1.3311 1.3274
-37
New crossover
11
Sell
1.3274 1.3303
-29
New crossover
12
Buy
1.3303 1.3303
0
End-of-week trade
TOTAL
-89

GBP/USD

GBP/USD 1-hour Chart

We saw a similar story of fakeout galore on GBP/USD. Fortunately, the pair had one good signal at the end of the week, which limited the system’s losses to only 39 pips. Phew!

# Signal Open Close Pips Notes
1
Buy
1.5710 1.5710
0
RSI was already above 50
2
Sell
1.5693 1.5704
-11
New crossover
3
Buy
1.5704 1.5722
18
New crossover
4
Sell
1.5722 1.5787
-65
New crossover
5
Buy
1.5787 1.5787
0
RSI was already above 50
6
Sell
1.5806 1.5826
-20
New crossover
7
Buy
1.5826 1.5805
-21
New crossover
8
Sell
1.5805 1.5810
-5
New crossover
9
Buy
1.5810 1.5875
65
End-of-week trade
TOTAL
-39

Hmm, I guess I really should just use the HLHB Trend Catcher on trending price action. Here’s to hoping that the next week is a better one!

XOXO,

Huck

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