HLHB Weekly Update – February 17, 2012

HLHB Trend-Catcher

EUR/USD 1-Hour Chart

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

GBP/USD 15-Minute Chart

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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  • Faith

    great article

  • John

    nice article 

  • quietlife

    Hi. Been reading your Blog for some time, Thanks. Big Pippin has a set up on his Daily Chart Art with USD/CHF & now your/this system also has a set up showing on it. Take a look.
    Cheers.

  • Buildblockshowlett

    huck is there a specific signal you would reccommend for an entry point using the HLHB trend catcher 3? thanks Stephen

  • Capspreads

    Hi Hucks,
    Just had a look at your system. Seems OK but the MA cross over is a bit slow. Have you seen the “Super Trend” indicator (http://www.trade2win.com/board… This generally seems to give a signal one candle earlier. Might be worth a look.

  • Capspreads

    PS That was using settings of BuffCoeff = 1.15 & Periods = 14