HLHB Weekly Update – August 16, 2013

EUR/USD

EUR/USD Chart

The HLHB Trend-Catcher had a relatively good week on EUR/USD. They were a few fakeouts that materialized but they only incurred small losses which were erased by a couple of wins. I’m also pretty happy that the RSI weeded out some noise in the market.

1. Short at 1.3260. Closed at 1.3266 due to a new crossover. -6 pips.
2. Long at 1.3266. Closed at 1.3253 due to a new crossover. -13 pips.
3. Short at 1.3253. Closed at 1.3265 due to a new crossover. -12 pips.
4. Long at 1.3265. Closed at 1.3294 due to a new crossover. +29 pips.
5. Invalid short signal since RSI was above 50.0.
6. Invalid long signal since RSI was already above 50.0 prior the crossover.
7. Short at 1.3281. Closed at 1.3306 due to a new crossover. -25 pips.
8. Long at 1.3306. Closed at 1.3375 due to a new crossover. +69 pips.
9. Invalid short signal since RSI was above 50.0.
10. Invalid long signal since RSI was already above 50.0 prior the crossover.
11. Invalid short signal since RSI was above 50.0.

Total Gain: +42 pips

GBP/USD

GBP/USD Chart

The same thing happened with GBP/USD. The pair trended heavily, which allowed the system to grabe a lot of pips despite few fakeouts that materialized. There were 7 signals. You can find out what happened with each of them below.

1. Invalid signal since the RSI was above 50.0.
2. Invalid upward crossover since the RSI was already above 50.0 prior the crossover.
3. Short at 1.5347. Closed at 1.5384 when a new crossover occurred. -37 pips.
4. Invalid upward crossover since the RSI was already above 50.0 even before the crossover.
5. Short at 1.5347. Closed at 1.5256 when the 50-pip trailing stop was triggered. +91 pips.
6. Long at 1.5448. Closed at 1.5525 when the 50-pip trailing stop was hit. +77 pips.
7. Short at 1.5519. Closed at 1.5473 when a new crossover materialized. +46 pips.

Total Gain: +177 pips

I must say, it was a pretty awesome week as the HLHB Trend-Catcher has finally broken its losing streak. Let’s see if the wins continue!

XOXO,

Huck

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