HLHB Weekly Update – July 18, 2013

EUR/USD

EUR/USD 1-hour

The HLHB Trend-Catcher caught the big move on EUR/USD. That one big trade was enough to erase the small losses which incurred earlier on in the week. Woot!

Take a look at the signals that materialized:

1. Invalid upward crossover since RSI was below 50.0.
2. Short at 1.2852. Closed at 1.2885 due to a new crossover.-33 pips.
3. Long at 1.2887. Closed at 1.2866 due to a new crossover. -21 pips.
4. Short at 1.2866. Closed at 1.2812 due to a new crossover. +54 pips.
5. Long at 1.2812. Closed at 1.3012 when 200-pip target was hit. +200 pips.
6. Invalid downward crossover since RSI was still below 50.0.
7. Invalid upward crossover. RSI was already above 50.0 when the crossover materialized.
8. Short at 1.3066. Closed at 1.3051 when the 50-pip trailing stop was hit. +15 pips.
9. Long at 1.3078. Closed at 1.3051 due to a new crossover. -27 pips.

Total gain: +188 pips

GBP/USD

GBP/USD 1-Hour

For GBP/USD, there is bad news and there is good news. Let me start with the bad. The bad news is that the HLHB Trend-Catcher 3.0 didn’t catch the complete upward move that occurred in the middle of the week. Boo!

And the good news? Well, the system still ended positively, and caught ZERO (yes, you read that right) losing trades. All the fakeouts were surprisingly filtered out by the RSI!

1. Invalid upward crossover since RSI was below 50.0.
2. Invalid downward crossover since the RSI was already below 50.0 when the crossover materialized.
3. Another invalid upward crossover since the RSI was above 50.0.
4. Short at 1.4899. Closed at 1.4861 when the 50-pip trailing stop was hit. +38 pips.
5. Long at 1.4875. Closed at 1.4945 when the 50-pip trailing stop was hit. +70 pips.
6. Invalid downward crossover since the RSI was above 50.0.
7. Invalid upward crossover since the RSI did not cross the 50.0 level from below.
8. Invalid downward crossover since the RSI was above 50.0.

Total gain: +108 pips

I can only hope that this week turns out as amazing as the last one!

XOXO,

Huck

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