HLHB Weekly Update – October 8, 2010

Huck's HLHB System - 10/8/10

Blah, blah, blah… QE, QE, QE… Get on with it already! All this market talk about the Fed doing QE is really starting to irritate me. The strong upward trend has been making it difficult for me to jump in on a retracement.

Fine, fine… I guess the reason why I’m feeling a bit antsy is because I’m seeing EUR/USD stage a really strong rally and I’m not in a long trade. Looking at the charts, I see a couple of setups that I could’ve taken but didn’t. There was one on Monday when price pulled back to 1.3650 and another one yesterday, when price retraced after hitting 1.4000.

Aside from that, I haven’t been getting triggered on my HLHB system because the move has been so strong! Since that last trade that net me some really sweet profits, EUR/USD has risen another 700 pips! If I had kept my trade open, I’d be up over 1000 pips! Argh!

I probably wouldn’t feel this way if the pair was simply ranging. Yes I know, the rules of my system have saved me many times already and it’d be better to follow them to the letter. But I can’t help but feel a little crabby.

I guess I’m just really frustrated with work that I am taking it out on the market! Remember that new manager I was complaining about in my last blog post? Well, in addition to making me do sales reports, he keeps asking me to introduce him to my female friends! As if…

Anyway, enough bad vibes for now! The weekend is coming up and it’s time for me to relax and take my mind off the markets.

Thanks for reading my blog and hearing me rant! Don’t forget to add me up on MeetPips.com! I look forward to seeing all your trading plans and ideas

  • whit32457

    Hi Huck……. don’t look at it as a loss, just a missed oportunity. Your filter kept you out for a reason. A well thought out reason. I know that doesn’t diminish the sense of loss, but what if it had turned and bit you? And you HAVE made some good progress.. don’t sweat it. LEARN from it. Your system is fine, maybe a litle fine tuning? try it on a trading sim first…. but congrats on your successes, more power to ya!

  • whit32457

    Hi Huck……. don’t look at it as a loss, just a missed oportunity. Your filter kept you out for a reason. A well thought out reason. I know that doesn’t diminish the sense of loss, but what if it had turned and bit you? And you HAVE made some good progress.. don’t sweat it. LEARN from it. Your system is fine, maybe a litle fine tuning? try it on a trading sim first…. but congrats on your successes, more power to ya!