Partner Center Find a Broker

Another mixed week for the HLHB System! There were tons of fakeouts from both EUR/USD and GBP/USD, but only one of them yielded positive results for the week.

Read all about my HLHB Trend Catcher System if this is your first time hearing about it!

EUR/USD

EUR/USD HLHB System Forex Chart
EUR/USD HLHB System Forex Chart

EUR/USD slowly trended higher last week, but it also popped up a lot of fakeouts while it was at it. The RSI filter wasn’t enough to hold back the last couple of fakeouts and by the end of the week the system was down 37 pips on EUR/USD. Ugh.

# Signal Open Close Pips Notes
1 Sell 1.2382 1.2382 0 RSI was already below 50
2 Buy 1.2405 1.2423 18 New crossover
3 Sell 1.2423 1.2423 0 RSI was already below 50
4 Buy 1.2436 1.2436 0 There was no crossover
5 Sell 1.2413 1.2413 0 RSI was already below 50
6 Buy 1.2457 1.2458 1 New crossover
7 Sell 1.2458 1.2485 -27 New crossover
8 Buy 1.2485 1.2486 1 New crossover
9 Sell 1.2486 1.2474 12 New crossover
10 Buy 1.2474 1.2438 -36 New crossover
11 Sell 1.2438 1.2444 -6 End-of-week trade
TOTAL -37

GBP/USD

GBP/USD HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

Saved by the last signal! Although GBP/USD also saw a couple of fakeouts, it also caught the start of an intraweek trend reversal near the end of the week. Signal #10 yielded 127 pips, which was enough to pull the system’s gains back up to a net of +90 pips. Phew!

# Signal Open Close Pips Notes
1 Buy 1.5664 1.5663 0 There was no crossover
2 Sell 1.5641 1.5641 0 RSI was already below 50
3 Buy 1.5688 1.5680 -8 New crossover
4 Sell 1.5680 1.5680 -23 New crossover
5 Buy 1.5703 1.5697 -6 New crossover
6 Sell 1.5697 1.5697 0 RSI was already below 50
7 Buy 1.5711 1.5711 0 RSI was already above 50
8 Sell 1.5704 1.5704 0 There was no crossover
9 Buy 1.5729 1.5729 0 RSI was already above 50
10 Sell 1.5756 1.5629 127 End-of-week trade
TOTAL 90

Will the NFP week produce trend-friendly signals for the HLHB System? I sure hope so. Fingers crossed!

XOXO,

Huck

Follow me on MeetPips.com

Follow me on Twitter

Like my page on Facebook

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.