Partner Center Find a Broker

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

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

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 HLHB System Forex Chart
GBP/USD HLHB System Forex Chart

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

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.