Taking this opportunity to catch up to my HLHB updates! Unfortunately for my mechanical forex trading system, the last week of May wasn’t good for EUR/USD and GBP/USD.
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
EUR/USD
Though it wasn’t exactly fakeout galore for EUR/USD in the last week of May, there were two signals that weighed enough in the final stats to matter. Yep, I’m talking about signals #2 and #4, which were both valid but had popped up just before the pair reversed its direction. By the end of the week the HLHB System is down 91 pips from EUR/USD. Boo!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.1908 | 1.1862 | -46 | New crossover |
| 2 | Sell | 1.0862 | 1.0862 | 0 | There was no RSI crossover |
| 3 | Buy | 1.0901 | 1.0901 | 0 | Adjusted stop loss hit |
| 4 | Sell | 1.0886 | 1.0931 | -45 | New crossover |
| 5 | Buy | 1.0931 | 1.0931 | 0 | There was no RSI crossover |
| 6 | Sell | 1.0928 | 1.0928 | 0 | There was no RSI crossover |
| 7 | Buy | 1.0961 | 1.0961 | 0 | There was no RSI crossover |
| TOTAL | -91 |
GBP/USD
It was a decent week for GBP/USD as more than a couple of signals turned out to be valid. Even better, they yielded net gains for the HLHB System. Signals #4 and #8 were especially fortunate, especially since price action got tight after the drop after signal #2 (which was invalid, by the way). By the end of the week the system had 38 pips on Cable. Right on!
| # | Signal | Open | Close | Pips | Notes |
|---|---|---|---|---|---|
| 1 | Buy | 1.5504 | 1.5504 | 0 | There was no RSI crossover |
| 2 | Sell | 1.5476 | 1.5476 | 0 | There was no RSI crossover |
| 3 | Buy | 1.5404 | 1.5404 | -17 | Adjusted stop loss hit |
| 4 | Sell | 1.5383 | 1.5352 | 31 | Adjusted stop loss hit |
| 5 | Buy | 1.5361 | 1.5361 | 0 | There was no RSI crossover |
| 6 | Sell | 1.5345 | 1.5345 | 0 | There was no RSI crossover |
| 7 | Buy | 1.5359 | 1.5359 | 0 | There was no RSI crossover |
| 8 | Sell | 1.5335 | 1.5335 | 24 | Adjusted stop loss hit |
| 9 | Buy | 1.5315 | 1.5315 | 0 | There was no RSI crossover |
| 10 | Sell | 1.5293 | 1.5293 | 6 | Adjusted stop loss hit |
| 11 | Buy | 1.5292 | 1.5286 | -6 | End-of-week trade |
| TOTAL | 38 |
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.