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A pretty mixed week for the HLHB Trend-Catcher System, as it got hit with tons of forex fakeouts on EUR/USD and GBP/USD. Yipes!

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

EUR/USD

EUR/USD 1-Hour Forex Chart
EUR/USD 1-Hour Forex Chart

Fakeout galore! With no major data on tap and traders unwilling to take positions while Greek and Eurogroup officials are hashing out Greece’s debt deal, EUR/USD was in a tight range for most of the week. Though the system had 13 signals on the pair, only 4 of them were valid and half of them even turned out to be losses. Boo!

# Signal Open Close Pips Notes
1 Sell 1.1382 1.1409 -27 New crossover
2 Buy 1.1409 1.1406 -3 New crossover
3 Sell 1.1406 1.1406 0 RSI was already below 50
4 Buy 1.1366 1.1366 0 There was no crossover
5 Sell 1.1348 1.1348 0 There was no crossover
6 Buy 1.1386 1.1398 12 Adjusted stop loss hit
7 Sell 1.1399 1.1399 0 There was no crossover
8 Buy 1.1408 1.1408 0 There was no crossover
9 Buy 1.1411 1.1411 0 RSI was already above 50
10 Sell 1.1397 1.1384 13 Adjusted stop loss hit
11 Buy 1.1399 1.1399 0 RSI was already above 50
12 Sell 1.1398 1.1398 0 RSI was already below 50
13 Buy 1.1370 1.1370 0 RSI was already above 50
TOTAL -5

GBP/USD

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

Much like EUR/USD, Cable also had a ranging week. Mixed reports from the U.K. and the U.S. didn’t help, of course. The only difference is that the HLHB Trend-Catcher System somehow managed to gain a net of 2 pips by the end of the week. Not bad, I guess.

# Signal Open Close Pips Notes
1 Buy 1.5402 1.5402 0 RSI was already above 50
2 Sell 1.5395 1.5395 0 RSI was already below 50
3 Buy 1.5374 1.5374 0 There was no crossover
4 Sell 1.5347 1.5347 0 RSI was already below 50
5 Buy 1.5390 1.5354 -36 New crossover
6 Sell 1.5354 1.5354 0 RSI was already below 50
7 Buy 1.5360 1.5360 0 RSI was already above 50
8 Sell 1.5350 1.5364 -14 New crossover
9 Buy 1.5364 1.5430 66 Adjusted stop loss hit
10 Sell 1.5425 1.5429 -4 New crossover
11 Buy 1.5429 1.5429 0 RSI was already above 50
12 Sell 1.5384 1.5394 -10 Adjusted stop loss hit
TOTAL 2

Really hoping for an active week for both pairs this week!

XOXO,

Huck

See also:

2014 HLHB Trend-Catcher Performance

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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.