HLHB Weekly Update – June 4, 2012

Winner, winner, I got me a trip to the jeweler! Well, I didn’t really get myself any bling-bling. I just wanted to make it rhyme. However, I think I could have if I wanted to after a winning week!

HLHB Trend Catcher

EUR/USD 1-Hour Chart

My HLHB Trend-Catcher did really well last week. Although only 2 of the 7 signals that materialized have closed as winners, my system was able to stack up a 77-pip win.

Here’s a rundown of all the trades:

1. Long at 1.2555. Trailing stop hit at 1.2575. -20 pips.
2. Short at 1.2571. Closed at 1.2545 on new crossover. +26 pips.
3. Long at 1.2545. Closed at 1.2528 on new crossover. -17 pips.
4. Short at 1.2528. Closed at 1.2392 on new crossover. +136 pips.
5. Long at 1.2392. Closed on new crossover at 1.2365. -27 pips.
6. Short at 1.2365. Trailing stop hit at 1.2386. -21 pips.
7. Long at 1.2401. Still open…

I’m pretty happy about how my system fared last week. Now I feel silly remembering how worried I was about its performance in my last post. But I’ll still go through Pompeii’s suggestions about how to improve it better. I’ll let you guys know if I incorporate any changes to the HLHB Trend-Catcher!

GBP/USD

EUR/USD 1-Hour Chart

My discretionary trade also went STELLAR. Price, after breaking through support, continued to fall further to test the former support. Even though I only hit my first profit target, it was enough to give the trade more than a 1:1 ratio. Below is what happened:

1. Sold at 1.5471
2. Closed half at 1.5275 for 196 pips
3. Closed other half at 1.5353 for 119 pips

Total Gain: +315 pips / 1.58%

According to Pip Diddy, Cable’s huge decline was the result of risk aversion. On Thursday, there were concerns that the Spanish banking system won’t receive the support that it needs and on Friday, the non-farm payrolls failed to meet expectations.

Last week was definitely great. I hope this one turns out amazing as well!

XOXO,

Huck

Follow me on MeetPips.com
Follow me on Twitter
Like my page on Facebook

1 comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>