HLHB Weekly Update – February 6, 2013

And it makes a comeback! Nope, I’m not talking about the Destiny’s Child performance at the Super Bowl halftime show. Beyonce was drop-dead amazing though! But anyway, that’s beside the point. My HLHB Trend-Catcher was finally able to finish a week in the green after two straight weeks of defeat!

Below are the details of the signals that materialized on EUR/USD and GBP/USD:

EUR/USD

EUR/USD 1-hour Chart

1. Short at 1.3445. Closed at 1.3466 due to new crossover. -21 pips.
2. Long at 1.3446. Closed at 1.3447 due to new crossover. -1 pip.
3. Short at 1.3447. Closed at 1.3457 due to new crossover. -10 pips.
4. Long at 1.3457. Closed at 1.3447 due to new crossover. -10 pips.
5. Invalid signal since RSI was not below 50.
6. Long at 1.3483. Closed at 1.3552 due to new crossover. +69 pips.
7. Short at 1.3552. Closed at 1.3574 due to new crossover. -22 pips.
8. Long at 1.3574. Closed at 1.3626 when 50-pip trailing stop was hit. +52 pips.
9. Invalid signal since RSI was not below 50.
10. Invalid signal since RSI was still above 50.0 when the crossover occurred.

Total Gain/Loss in pips: +57 pips

GBP/USD

GBP/USD 1-hour Chart

1. Short at 1.5763. Closed at 1.5703 due to new crossover. +60 pips.
2. Invalid signal since RSI was still below 50.0 when the crossover occurred.
3. Short at 1.5737. Closed at 1.5771 due to new crossover. -34 pips.
4. Long at 1.5771. Closed at 1.5793 when 50-pip trailing stop was hit. +22 pips.
5. Short at 1.5785. Closed at 1.5825 due to new crossover. -40 pips.
6. Long at 1.5825. Closed at 1.5830 when 50-pip trailing stop was hit. +5 pips.
7. Short at 1.5817. Closed at 1.5728 due to new crossover. +89 pips.

Total Gain/Loss in pips: +102 pips

Even though both pairs still incurred losing trades, the winners were able to more than make up for the losers. If the market continues to trend, I wouldn’t be surprised to see the Trend-Catcher finish another week in the green. I’ll keep my fingers crossed!

XOXO,

Huck

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1 comment

  1. Cold PiPin

    Beyonce was not amazing. She grunted every fourth word cuz she can’t dance like that and sing. Normally she lip syncs every concert but after faking the national anthem she knew she couldn’t fact the super bowl. fail

    Reply

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