Fakeouts, fakeouts everywhere! Not a good forex trading week for the HLHB System no thanks to tons of fakeouts on EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD

EUR/USD was on a tight range for most of the week, so it’s not exactly surprising that this trend-catcher system caught tons of fakeouts. Signal #10 hurt significantly since it was followed by a new crossover after a major report. Signal #9 would’ve yielded decent pips but it was invalidated by the RSI filter. By the end of the week the system is down by 92 pips. Bleh.
# | Signal | Open | Close | Pips | Notes |
---|---|---|---|---|---|
1 | Sell | 1.0853 | 1.0853 | 0 | There was no crossover |
2 | Buy | 1.0874 | 1.0874 | 0 | RSI was already above 50 |
3 | Sell | 1.0851 | 1.0883 | -32 | New crossover |
4 | Buy | 1.0883 | 1.0873 | -10 | New crossover |
5 | Sell | 1.0873 | 1.0873 | 0 | There was no crossover |
6 | Buy | 1.0882 | 1.0882 | 0 | There was no crossover |
7 | Sell | 1.0874 | 1.0874 | 0 | There was no crossover |
8 | Buy | 1.0880 | 1.0880 | 0 | There was no crossover |
9 | Buy | 1.0981 | 1.0981 | 0 | RSI was already above 50 |
10 | Sell | 1.1089 | 1.1139 | -50 | Adjusted stop loss hit |
11 | Buy | 1.1221 | 1.1221 | 0 | RSI was already above 50 |
12 | Sell | 1.1195 | 1.1195 | 0 | RSI was already below 50 |
TOTAL | -92 |
GBP/USD

GBP/USD had a more interesting price action with a steady uptrend at the start of the week. Unfortunately, the pip-yielding signal was invalidated by the RSI filter. Signal #6 saved the day with its 146-pip win though, and canceled out most of the losses. Phew!
# | Signal | Open | Close | Pips | Notes |
---|---|---|---|---|---|
1 | Sell | 1.5143 | 1.5210 | -67 | New crossover |
2 | Buy | 1.5210 | 1.5210 | 0 | RSI was already above 50 |
3 | Buy | 1.5461 | 1.5461 | 0 | RSI was already above 50 |
4 | Sell | 1.5425 | 1.5425 | 0 | RSI was already below 50 |
5 | Buy | 1.5392 | 1.5342 | -50 | Stop loss hit |
6 | Sell | 1.5293 | 1.5147 | 146 | New crossover |
TOTAL | 29 |
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
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