HLHB Trend Catcher
The HLHB Trend-Catcher didn’t perform as well last week, but the open trade from the week prior was more than enough to cover the losses. It brought in 92 pips!
Here’s a recap of the other trades the HLHB Trend-Catcher caught:
- Invalid signal since RSI was already below 50.0 the candle prior the crossover.
- Bought at 1.2462. Closed when new crossover formed at 1.2447. -15 pips.
- Sold at 1.2447. Closed when 50-pip trailing stop was hit. -50 pips.
- Bought at 1.2509. Closed when new crossover formed at 1.2548. +39 pips.
- Sold at 1.2548. Closed when new crossover formed at 1.2588. -40 pips.
- Invalid buy signal since RSI was already above 50.0 the prior the crossover.
- Another invalid signal. RSI had been below 50.0 for three candles already.
- Bought at 1.2591. Closed when new crossover formed at 1.2561. -30 pips.
- Sold at 1.2561. Closed when new crossover formed at 1.2507. +54 pips.
- Bought at 1.2507. Trade still open.
Total pips (including the last open trade from last week): +50 pips.
EUR/USD Trade
Remember my countertrend trade on EUR/USD? Well, it turned out to be a big winner!
I was hoping for price to find support around the 1.2500 handle. But as risk aversion continued to dominate market sentiment, EUR/USD slipped all the way down to 1.2450 and almost stopped me out!
I can’t deny that I have Lady Luck to thank for for keeping me away from my computer when price dropped. Heck, if I saw support at 1.2500 break, I probably would’ve panicked and closed my trade early!
But then again, I also gave myself a pat on the back for setting my stop below the previous low. Boo yeah!
Now, I have no positions left as I took profit earlier at 1.2630 when the pair gapped up following news that Spanish banks will get bailed out. They say that all weekend gaps get filled and I had no intention of finding out how true it is the hard way.
Buy EUR/USD at 1.2500: took profit at 1.2630, 130 pips, +1.78%
There ya go, folks! I hope y’all had a good week too!
XOXO,
Huck
*Cross-posted from my blog, The Loonie Adventures of a Forex Noob