HLHB Weekly Update – July 4, 2013

EUR/USD

EUR/USD 1-hour Chart

You win some, you lose some. Even though my USD/CHF trade ended magnificently, the HLHB Trend-Catcher did poorly on EUR/USD. It caught one winning trade and a number of fakeouts. I listed all the signals that were generated and their corresponding results:

1. Long at 1.3122. Closed at 1.3113 due to a new crossover. -9 pips.
2. Invalid downward signal since the RSI was already below 50.0 prior the crossover.
3. Long at 1.3147. Closed at 1.3102 when 50-pip trailing stop was hit. -45 pips.
4. Short at 1.3096. Closed at 1.3028 due to a new crossover. +68 pips.
5. Invalid long signal the RSI was below 50.0.
6. Invalid short signal since the RSI was already below 50.0 prior the crossover.
7. Long at 1.3038. Closed at 1.3002 due to a new crossover. -36 pips.
8. Short at 1.3002. Closed at 1.3035 due to a new crossover. -33 pips.
9. Invalid long signal since the RSI was already above 50.0 prior the crossover.
10. Invalid short signal since the RSI was above 50.0.

Total loss: -55 pips

GBP/USD

GBP/USD 1-hour Chart

As for GBP/USD, the system caught the start of the downtrend in the middle of the week. This was enough to score a winning trade that offset the small losses which my system incurred from the fakeouts.

1. Long at 1.5414. Closed at 1.5429 when 50-pip trailing stop was hit. +15 pips.
2. Short at 1.5406. Closed at 1.5435 due to a new crossover. -29 pips.
3. Long at 1.5435. Closed at 1.5406 due to a new crossover. -29 pips.
4. Short at 1.5406. Closed at 1.5340 due to a new crossover. +66 pips.
5. Invalid long signal since RSI was below 50.0.
6. Invalid short signal since RSI was already below 50.0 prior the crossover.
7. Invalid long signal since RSI was below 50.0.
8. Short at 1.5253. Closed at 1.5215 due to a new crossover. +38 pips.

Total gain: +61 pips

XOXO,

Huck

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  • PipMeHappy

    Hey, Huck, never mind, it happens! Eur/Usd has been very “moody”, as to be expected, in these uncertain, post-FOMC times… Do you day-trade, or scalp?