HLHB Weekly Update – August 7, 2013

EUR/USD

EUR/USD 1-hour Chart

Ugh. Price action on EUR/USD was very choppy, which meant a lot of fakeouts happened. And when there are a lot of fakeouts, the HLHB Trend-Catcher suffers.

Here are all the signals that materialized on EUR/USD and their corresponding results;

1. Invalid short signal since RSI was already below 50.0 prior the crossover.
2. Invalid long signal since RSI was already above 50.0 prior the crossover.
3. Short at 1.3274. Closed at 1.3272 due to a new crossover. +2 pips.
4. Long at 1.3272. Closed at 1.3250 due to a new crossover. -22 pips.
5. Invalid short signal since RSI was already below 50.0 prior the crossover.
6. Invalid long signal. RSI was below 50.0.
7. Invalid short signal since RSI was already below 50.0 prior the crossover.
8. Long at 1.3281. Closed at 1.3252 due to a new crossover. -29 pips.
9. Invalid short signal since RSI was already below 50.0 prior the crossover..
10. Long at 1.3294. Closed at 1.3295 when the 50-pip trailing stop was hit. +1 pip.
11. Short at 1.3276. Closed at 1.3244 when the 50-pip trailing stop was hit. +32 pips.
12. Invalid long signal since the RSI was below 50.0.
13. Invalid short signal since RSI was already below 50.0 prior the crossover.
14. Long at 1.3269. Closed at 1.3260 due to a new crossover. -9 pips.

Total loss: -25 pips

GBP/USD

GBP/USD 1-hour Chart

On the other hand, my system did really, really well on GBP/USD. There were a few fakeouts but the Trend-Catcher caught on good trade which was more than enough to erase the small losses.

1. Invalid long signal since RSI was already above 50.0 prior the crossover.
2. Short at 1.5383. Closed at 1.5404 due to a new crossover. -21 pips.
3. Long at 1.5404. Closed at 1.5375 due to a new crossover. -29 pips.
4. Short at 1.5375. Profit target hit at 1.5175! +200 pips.
5. Invalid long signal since RSI was not above 50.0.
6. Short at 1.5182. Closed at 1.5184 when the 50-pip trailing stop was hit. -2 pips.
7. Long at 1.5204. Closed at 1.5194 when the 50-pip trailing stop was hit. -10 pips.
8. Short at 1.5163. Closed at 1.5138 due to a new crossover. +25 pips.
9. Invalid long signal since RSI was below 50.0.

Total gain: +163 pips

XOXO,

Huck

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