No new signal for the HLHB System last week, but our open trades on EUR/USD and USD/JPY are looking good! Here are the deets!
Read all about my HLHB Trend Catcher System if this is your first time hearing about it!
As I’ve mentioned before, I’ve decided to stick to my second tweak in my forward tests for the next couple of weeks. Basically, I’m adding the ADX indicator as a filter on top of the RSI and applying all of them on the 4-hour time frame instead of last year’s 1-hour charts.
Here are the results from the third week of March:
As you can see, there were no new valid signals from the HLHB Trend-Catcher System last week. EUR/USD might have thrown two signals, but both of them were invalidated by both the RSI and the ADX filters.
No regrets though! EUR/USD still has one open trade after all, and it has moved far enough for me to lock in 94 pips for now. Meanwhile, USD/JPY’s signal from last week is still open and has caught A TON of pips. We’ve locked in at least 550 pips, people!
Will this week’s trading yield more pips for this version of the trend-catcher system? I’m keeping my fingers crossed for longer trends for our open positions!
That’s it for my HLHB update for now! Let me know if you have any questions on the system and on the signals above!
P.S.: Remember to never risk more than 1% of a trading account on any single trade and to adjust position sizes accordingly. Create your own ideas and don’t follow what I do. Better yet, read the Risk Disclosure!
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.