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It was another fortunate week for the HLHB System, as it gained pips from a USD/JPY signal that popped up early in the week. 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.

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

This weeks numbers might not have been as fantastic as last week’s, but it’s still not too shabby considering that we saw a couple of fakeouts!

Cable didn’t show any valid signals for the week, but the HLHB caught a good one on EUR/USD. Unfortunately, the trade hasn’t met its profit targets yet and remains open with the stops adjusted for a nine-pip loss.

USD/JPY wasn’t shy in throwing out one valid signal after another. The first one for the week yielded a nice +57 pips while a third one remains open going into the week

Looks like the NFP week didn’t do much for the HLHB. Will next week’s catalysts cause more action for these major dollar pairs?

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