HLHB Weekly Update – July 16, 2012

My HLHB Trend-Catcher system has definitely seen better weeks. Last week, it was treated to a fakeout galore! Meanwhile, my countertrend trade on USD/CHF is still alive, and but not really kicking.

HLHB Trend-Catcher

EUR/USD 1-hour Chart

The EMAs crossover 15 times during the week. However, only 11 met the HLHB Trend-Catcher 3.0 rules and were valid trades. Here’s a quick rundown of my system’s performance in the past week:

1. Invalid buy signal since RSI was below 50.0.
2. Invalid sell signal since RSI did not cross 50.0.
3. Long at 1.2304. Closed due to new crossover at 1.2291. -13 pips.
4. Short at 1.2291. Closed due to new crossover at 1.2315. -24 pips.
5. Long at 1.2315. Trailing stop hit at 1.2285. -30 pips
6. Short at 1.2281. Closed due to new crossover at 1.2268. +13 pips.
7. Long at 1.2268. Closed due to new crossover at 1.2250. -18 pips.
8. Short at 1.2250. Closed due to new crossover at 1.2208. +42 pips.
9. Invalid buy signal. RSI was below 50.0.
10. Invalid sell signal. RSI did not cross 50.0.
11. Long at 1.2210. Closed on new crossover at 1.2193. -17 pips.
12. Short at 1.2193. Closed on new crossover at 1.2205. -12 pips.
13. Bought at 1.2205. Closed on new crossover at 1.2193. -12 pips.
14. Short at 1.2193. Trailing stop hit at 1.2213. -20 pips.
15. Long at 1.2234, still open…

With 8 losers and only 2 winners, the system incurred a 61-pip loss for the week. I’m not too bummed out about it though!

Considering that EUR/USD was pretty much in consolidation for the entire week, I think my system did very well in limiting losses. It’s also noteworthy to point out that the last signal for the week is still open.

As I’ve said in my HLHB Q2 2012 review, trades left open over the weekend ALWAYS closed as winners. I definitely have my hopes up that this one won’t be any different!

USD/CHF Trade

There really much anything to say or show on my USD/CHF trade. After I had entered, the pair surged higher 50-pips. On Friday, however, the price dipped again, bringing the pair right back to where I entered.

Take note that I took the trade on the daily time frame, which means that I’ll be holding this trade longer than usual. I could be hold on to this trades for weeks even! In any case, I will be sure to update ya’ll if I make any trade adjustments.

XOXO,

Huck

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  • JoanGuz

    Hi
    Huck! Can you recommend me any app/tool that
    can send me signals to my phone or my desktop when the EMAS crossover?
    I’ve been looking for one, but didn’t find a good one.. I really want to
    test this system well. Thanks!

    Regards

    • huck

      Well, my charting software, XTICK sends out an alarm whenever certain conditions are met. I think there are also addons for MT4 that can do this…

      • JoanGuz

         Thanks!!