A pretty good forex trading week for the HLHB System, as it gained pips from both EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
The system started the week on a weak note thanks to EUR/USD ranging tighter than my pants after the holidays. Luckily, the 7th signal was validated, and was able to catch a full 200 pips for the system. By the end of the week the HLHB System is up 105 pips from EUR/USD. Woot!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.2449 | 1.2469 | -20 | New crossover |
| 2 | Buy | 1.2469 | 1.2435 | -34 | New crossover |
| 3 | Sell | 1.2435 | 1.2435 | 0 | There was no crossover |
| 4 | Buy | 1.2446 | 1.2446 | 0 | There was no crossover |
| 5 | Sell | 1.2485 | 1.2515 | -30 | New crossover |
| 6 | Buy | 1.2515 | 1.2500 | -15 | New crossover |
| 7 | Sell | 1.2500 | 1.2300 | 200 | Profit target hit |
| 8 | Sell | 1.2282 | 1.2282 | 0 | RSI was already below 50 |
| 9 | Buy | 1.2293 | 1.2262 | -31 | New crossover |
| 10 | Sell | 1.2262 | 1.2227 | 35 | End-of-week trade |
| TOTAL | 105 |
GBP/USD
Though GBP/USD didn’t show monster one-directional moves throughout the week, the HLHB System was able to validate more signals that brought pips than those that turned out to be fakeouts. The week ended with a close 6-pip win for the system. Phew!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.5710 | 1.5742 | -32 | New crossover |
| 2 | Sell | 1.5742 | 1.5742 | 0 | RSI was already below 50 |
| 3 | Sell | 1.5703 | 1.5726 | -23 | New crossover |
| 4 | Sell | 1.5726 | 1.5726 | 0 | There was no crossover |
| 5 | Buy | 1.5622 | 1.5662 | 40 | New crossover |
| 6 | Buy | 1.5662 | 1.5662 | 0 | RSI was already above 50 |
| 7 | Sell | 1.5653 | 1.5632 | 21 | End-of-week trade |
| TOTAL | 6 |
Up next, I’m posting my last HLHB entries for 2014. Fingers crossed that this trend-catcher system end the year on a good note! 🙂
XOXO,
Huck
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.