HLHB Weekly Update – April 27, 2013

EUR/USD

EUR/USD 1-hour Chart

Last week’s choppy price action left my HLHB Trend-Catcher deep in the red on EUR/USD. For the most part, the pair merely ranged and my system caught most of the fakeouts. Unfortunately, the RSI kept it from jumping in on a couple of trades that could’ve ended up as winner. Grr!

1. Short at 1.3079. Closed at 1.3097 due to new crossover. -18 pips.
2. Long at 1.3097. Closed at 1.3071 due to new crossover. -26 pips.
3. Short at 1.3071. Closed at 1.3071 when 50-pip trailing stop was hit. 0 pips.
4. Long at 1.3077. Closed at 1.3044 due to new crossover. -33 pips.
5. Short at 1.3044. Closed at 1.3073 due to new crossover. -29 pips.
6. Invalid long signal since RSI was below 50.0.
7. Invalid short signal since RSI was above 50.0.
8. Invalid long signal since RSI did not cross 50.0.
9. Invalid short signal since RSI was above 50.0.
10. Invalid long signal since RSI was below 50.0.
11. Short at 1.3050. Closed at 1.3063 due to new crossover. -13 pips.
12. Long at 1.3063. Closed at 1.3065 due to new crossover. +2 pips.
13. Short at 1.3065. Closed at 1.3075 due to new crossover. -10 pips.

Total loss: -127 pips

GBP/USD

GBP/USD 1-hour Chart

As for GBP/USD, the Trend-Catcher lost 6 pips. Compared to the loss on EUR/USD, it’s chump change. Good thing my system caught the big 87-pip trade that made up for most of the losing trades. Whew!

Below is the list of crossovers that occurred as well as their respective end results:

1. Long at 1.5377. Closed at 1.5327 when 50-pip stop loss was hit. -50 pips.
2. Short at 1.5316. Closed at 1.5306 due to new crossover. +10 pips.
3. Long at 1.5306. Closed at 1.5281 due to new crossover. -25 pips.
4. Short at 1.5281. Closed at 1.5306 due to new crossover. -25 pips.
5. Long at 1.5306. Closed at 1.5291 due to new crossover. -15 pips.
6. Invalid short signal since RSI was above 50.0.
7. Invalid long signal since RSI was below 50.0.
8. Short at 1.5343. Closed at 1.5256 due to new crossover. +87 pips.
9. Invalid long signal since RSI was below 50.0.
10. Invalid short signal since RSI did not cross 50.0.
11. Invalid long signal since RSI was below 50.0.
12. Short at 1.5259. Closed at 1.5247 due to new crossover. +12 pips.

Total loss: – 6 pips

I’m not at all happy with how the system performed. Hopefully next week turns out better!

XOXO,

Huck

Follow me on MeetPips.com
Follow me on Twitter
Like my page on Facebook