HLHB Weekly Update
Woot! As I expected, the last trade that I pointed out from my most recent update turned out to be a winner! It closed at 1.2770, enabling me to bag 76 cool pips!
This week wasn’t so good though. My HLHB Trend Catcher only had 1 big winner and many small losing trades.
Below is a quick rundown of the trades my system took:
- Invalid signal since RSI was still above 50.0 when the EMAs crossed over.
- Another invalid signal as RSI was already above 50.0 when the EMAs crossed.
- Short at 1.2787. Closed at 1.2801 due to new crossover. -14 pips
- Long at 1.2801. Closed at 1.2777 due to new signal. -24 pips.
- Short at 1.2777. Closed at 1.2665 when trailing stop was hit. +112 pips.
- Long at 1.2593. Closed at 1.2545 due to new signal. -48 pips.
- Short at 1.2545. Closed at 1.2555 due to new signal. -10 pips.
- Long at 1.2555. Closed at 1.2508 due to signal. -47 pips.
- Short at 1.2508. Stopped out at 1.2558. -50 pips.
All in all, including the trade opened from the week prior, the system incurred a 5-pip setback. Yikes! That’s another losing week for my Trend Catcher. Should I start getting worried?
Crossposted from my blog, The Loonie Adventures of a Forex Noob