The last signal from the week prior (signal 10) closed with a 68-pip win at 1.2854 when a new signal formed. However, the valid trades that materialized last week added up in a 76-pip loss.
Here's a quick rundown of how the HLHB Trend-Catcher fared:
1. Long at 1.2854. Stopped out at 1.2804. -50 pips.
2. Short at 1.2804. Trailing stop hit at 1.2731. +73 pips.
3. Long at 1.2743. Stopped out at 1.2693. -50 pips.
4. Short at 1.2709. Closed on new crossover at 1.2739. -30 pips.
5. Long at 1.2739. Closed on new crossover at 1.2724. -15 pips.
6. Short at 1.2724. Trailing stop hit at 1.2716. +8 pips.
7. Invalid signal. RSI was not above 50.
8. Short at 1.2704. Trailing stop hit at 1.2692. +12 pips.
9. Long at 1.2699. Still open...
I'm not too bummed about the dismal result for a few reasons. For one, the last signal is still open and as of this writing, it is up by 96 pips! Secondly, after what seems like forever, little ol' Huck is going out on a date this weekend! How do these things go again? I kid, I kid.
As you have all probably figured out by now, my EUR/USD trade didn't turn out the way I wanted it to. It didn't lose, but it also didn't triggered. When price fell, I decided to just close my open order. Sadly, this meant that I was left out of a solid short.
There isn't really much to say about my trade except that I could've been a little more aggressive. I could've at least put a small position when price found resistance at the 1.2750 minor psychological level. In any case, I did follow my plan, which makes me feel better.
- HLHB Weekly Update - October 8, 2012 01:54 08 October 2012
- HLHB Weekly Update - November 5, 2012 01:02 05 November 2012
- HLHB Weekly Update - September 24, 2012 02:08 24 September 2012
- HLHB Weekly Update - September 10, 2012 23:54 09 September 2012
- HLHB Weekly Update - June 25, 2012 23:50 24 June 2012