“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own HLHB Weekly Update - February 17, 2012
HLHB Trend-Catcher
One look at the EUR/USD hourly time frame and I knew that the HLHB Trend-Catcher had an awesome week! The pair trended heavily, which meant my system should've gotten a boatload of pips!
Here's a rundown of the system's trade signals:
1. Sold at 1.3276, signal from last week. It closed when the 50-pip trailing stop was hit (1.3205): +71 pips
2. Bought at 1.3239, closed when 50-pip trailing stop was hit at 1.3235: -4 pips
3. Sold at 1.3237, closed when 50-pip trailing stop was hit at 1.3177: +60 pips
4. Bought at 1.3203, closed on new crossover at 1.3157: -46 pips
5. Sold at 1.3157, closed when 50-pip trailing stop was hit at 1.3130: +27 pips
6. Bought at 1.3158, closed on new crossover at 1.3144): -14 pips
7. Sold at 1.3130, closed when 50-pip trailing stop was hit at 1.3024: +106 pips
8. Bought at 1.3042, trade still open...
Total gain for this week: 200 pips!
GBP/USD
On the other hand, it pains me to report that I failed to jump in on the rally on GBP/USD. I was away from my desk when a bullish marubozu formed above the 1.5700 handle. By the time I got back, the pair was already trading around the 1.5800 level. Gaah!
But it's okay. On the not-so-bad side of things, at least I didn't lose anything. Also, being right on the money in anticipating a reversal on the pair has been a big confidence booster. Risk appetite picked up yesterday thanks to developments in Europe and positive data from the U.S.
Going back to my piptastic system, I just want to say that I'm really happy with its performance this week. I'm just REALLY curious though, do any of use the HLHB Trend-Catcher too? Do your results match up with mine? Hit me up!
XOXO,
Huck
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Related Posts:
- HLHB Weekly Update - February 3, 2012 23:25 02 February 2012
- HLHB Weekly Update - February 10, 2012 00:39 10 February 2012
- HLHB Weekly Update - March 2, 2012 23:17 01 March 2012
- HLHB Weekly Update - February 24, 2012 01:19 24 February 2012
- HLHB Weekly Update - January 27, 2012 21:56 26 January 2012
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