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After losing pips last week, the HLHB Trend-Catcher System got lucky this week with more than a 100-pip win on Cable. Here are the deets!

Before we get to the numbers, read all about my HLHB Trend Catcher System if this is your first time hearing about it!

Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above or below the 50.00 mark when the signal pops up. And in this version, I’m adding ADX>25 to weed out the fakeouts.

As for stops, I’ll continue to use a 150-pip trailing stop and a profit target of 400 pips. This might change in the future, but I’ll stick to this one for now.

Oh, and as mentioned recently, I’m switching back to applying the HLHB system to the 1-hour time frame. Using 4-hour in Q1 2017 and Q2 2017 wasn’t bad, but I think using this trend-catcher on the 1-hour could yield better results.

Without further ado, let’s take a look at the results from last week:

EUR/USD

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

GBP/USD

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

USD/JPY

USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart

Unlike in last week’s trading, there were only two valid signals across the three major pairs this week. And also unlike in the previous week, this week actually yielded pips for this trend-catcher.

This week’s signals didn’t contribute much (or at all, really) to the latest profits. As you can see, the gains mostly came from a promising signal that we hadn’t closed in the previous week. Still, it’s good to know that last week’s valid signal was valid for a good reason.

For now, it looks like I’m selling EUR/USD while buying GBP/USD. Think we’re trading in the right direction?

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