HLHB Weekly Update – August 21, 2013

EUR/USD

EUR/USD 1-hour Chart

The HLHB Trend-Catcher caught too many fakeouts on EUR/USD. There were a couple of wins but they weren’t enough to offset the small losses that piled up. Ugh!

1. Invalid long signal since RSI was below 50.0.
2. Invalid short signal since RSI was already below 50.0 prior the crossover.
3. Long at 1.3310. Closed at 1.3293 due to a new crossover. -17 pips.
4. Short at 1.3293. Closed at 1.3308 due to a new crossover. -15 pips.
5. Long at 1.3308. Closed at 1.3296 due to a new crossover. -12 pips.
6. Short at 1.3296. Closed at 1.3273 due to a new crossover. +23 pips.
7. Invalid long signal since RSI was below 50.0.
8. Short at 1.3242. Closed at 1.3266 due to a new crossover. -24 pips.
9. Long at 1.3266. Closed at 1.3255 due to a new crossover. -11 pips.
10. Short at 1.3255. Closed at 1.3261 due to a new crossover. -6 pips.
11.Invalid long signal since RSI was still below 50.0.
12. Invalid short signal since RSI was already below 50.0 prior the crossover.
13. Invalid long signal since RSI was below 50.0.
14. Short at 1.3233. Closed at 1.3205 when the 50-pip trailing stop was hit. +28 pips.
15. Long at 1.3336. Closed at 1.3337 due to a new crossover. +1 pip.
16. Invalid short signal since RSI was below 50.0.
17. Invalid long signal since RSI was above 50.0 prior the crossover.
18. Short at 1.3321. Closed at 1.3339 due to a new crossover. -18 pips.

Total loss: -51 pips

GBP/USD

GBP/USD 1-hour Chart

On the other hand, there were only very few signals that materialized on GBP/USD. I thought that the system would finish the week on the green when it caught the big rally in the middle of the week. But no! The 50-pip trailing stop was hit and the Trend-Catcher’s run was cut short.

1. Long at 1.5474. Closed at 1.5454 due to a new crossover. -20 pips.
2. Short at 1.5454. Closed at 1.5504 when the 50-pip stop was hit. -50 pips.
3. Long at 1.5474. Closed at 1.5546 when the 50-pip trailing stop was hit. +72 pips.
4. Invalid short signal since RSI was above 50.0.
5. Long at 1.5641. Closed at 1.5617 due to a new crossover. -24 pips.

Total loss: -22 pips

The past week was just too volatile for my system to handle. Ugh! I hope it fares better this week.

XOXO,

Huck

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