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Thanks to a strong signal from last week and another winning trade this week, the HLHB is back to clocking in positive pips. Yay!

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 before, 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

As we know from last week’s numbers, more valid signals won’t necessarily translate to more profits.

Well, the HLHB got a bit luckier this week. While there were only TWO valid signals from three major dollar pairs, the system saw enough profits to cancel out last week’s losses.

To be more specific, a promising one from Cable churned out a net +183 pips when the pair shot higher, while a new EUR/USD signal closed with a 41-pip profit when another valid signal popped up. USD/JPY’s trade from last week turned out to be a loser, though.

Not a bad week overall, though the HLHB could have caught a pip or two (or a hundred) from GBP/USD and USD/JPY’s intraweek trends.

I only have one open trade going into the week and it looks like I’m gunning for more dollar strength. In fact, it fits with my long USD/JPY discretionary trade!

Anyone else have a long USD trade over the next couple of days?

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