Another mixed forex trading week for the HLHB System! This time potential profits from EUR/USD and GBP/USD were mostly choked by trailing stops. Eep!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
The HLHB System did a pretty good job catching a few pips despite the pair still showing fakeouts. Most of the action happened early in the week with three winning trades and two losing trades translating to a net gain of 19 pips. Not bad for a not-so-trending week for EUR/USD!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Sell | 1.0787 | 1.0763 | 24 | Trailing stop hit |
| 2 | Buy | 1.0742 | 1.0731 | -11 | Trailing stop hit |
| 3 | Sell | 1.0719 | 1.0737 | -18 | New crossover |
| 4 | Buy | 1.0737 | 1.0751 | 14 | Trailing stop hit |
| 5 | Sell | 1.0727 | 1.0717 | 10 | Trailing stop hit |
| 6 | Buy | 1.0751 | 1.0751 | 0 | RSI was already above 50 |
| 7 | Sell | 1.0792 | 1.0792 | 0 | There was no crossover |
| 8 | Buy | 1.0813 | 1.0813 | 0 | RSI was already above 50 |
| 9 | Sell | 1.0814 | 1.0814 | 0 | There was no crossover |
| 10 | Buy | 1.0863 | 1.0863 | 0 | There was no crossover |
| TOTAL | 19 |
GBP/USD
GBP/USD’s first signal would’ve been yielded tons of pips if it hadn’t hit the system’s trailing stop. Unfortunately for the HLHB System, signal #2’s loss was bigger than signal #1’s gain. This translated to a net loss of 3 pips for the week. Better luck next time, huh?
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.4905 | 1.4923 | 18 | Trailing stop hit |
| 2 | Buy | 1.5054 | 1.5033 | -21 | New crossover |
| 3 | Sell | 1.5033 | 1.5033 | 0 | RSI was already below 50 |
| 4 | Buy | 1.5054 | 1.5054 | 0 | RSI was already above 50 |
| TOTAL | -3 |
Not a bad week, I think. It wouldn’t hurt to have a trending week this week though. My fingers and toes are crossed! 🙂
XOXO,
Huck
See also:
2014 HLHB Trend-Catcher Performance
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.