HLHB Weekly Update – January 9, 2013

I’m sure you’ve all been wondering about the HLHB Trend-Catcher so I won’t keep you waiting any longer! Today’s post features my usual update…and more!

Since the Trend-Catcher has done so well on EUR/USD, I couldn’t help but wonder how it would fare on GBP/USD. This is why, from now on, I’ll include an update on the pair every week too!

GBP/USD

GBP/USD 1-Hour Chart

It would seem that it was off to a slow start last week. Here’s a breakdown of the signals that materialized:

1. Invalid signal since RSI wasn’t below 50.
2. Invalid signal since RSI didn’t cross above 50.
3. Invalid signal since RSI wasn’t below 50.
4. Long at 1.6064. Closed due to new crossover at 1.6048. -4 pips.

Total Gain/Loss in Pips: -4 pips

EUR/USD

EUR/USD 1-Hour Chart

Unlike GBP/USD, EUR/USD did superbly last week. Here’s a summary of all the signals that materialized:

1. Invalid signal since RSI was already below 50.0 the candle prior the crossover
2. Long at 1.3227. Closed at 1.3214 due to new crossover. -13 pips.
3. Invalid signal since RSI was already below 50.0 the candle prior the crossover
4. Another invalid signal as RSI was already above 50.0 the candle prior the crossover
5. Short 1.3182. Closed at 1.3195 due to new crossover. -13 pips.
6. Long at 1.3195. Closed at 1.3187 due to new crossover. -8 pips.
7. Invalid signal since RSI did not cross the 50.0 level from above.
8. Long at 1.3196. Closed when trailing stop was hit at 1.3250. +54 pips.
9. Short at 1.3240. Profit target hit at 1.3040. +200 pips.
10. Long at 1.3062. Closed due to new crossover at 1.3039. -23 pips.

Total Gain/Loss in Pips: +197 pips

Excellent gains again! The system really does very well in EUR/USD. Hopefully, it will continue to do so for the rest of 2013.

XOXO,

Huck

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  • 242pio-242

    hi,when you get a ema rsi cross,do you wait for the next opening candle to enter a trade?