“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 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
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
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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Related Posts:
- HLHB Weekly Update - February 21, 2013 02:50 21 February 2013
- HLHB Weekly Update - March 20, 2013 03:59 20 March 2013
- HLHB Weekly Update - March 27, 2013 04:18 27 March 2013
- HLHB Weekly Update - March 13, 2013 02:00 13 March 2013
- HLHB Weekly Update - January 23, 2013 02:27 23 January 2013
