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After a hiccup last week, the HLHB finally went back to printing positive pips! Here’s how I got a net of +118 pips this time around.

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

Thanks to bunch of new signals, this week’s trend-trading went a bit better than what we saw last week.

For one thing, EUR/USD’s sell signal churned out pips when the HLHB printed new sell signals this week.

Ditto for USD/JPY, which closed a 70-pip win from last week’s signal to make way for a fresh trade.

Cable was left a bit behind when a one-directional move translated to only a 1-pip gain for the pair’s buy signal

The HLHB is set to open the week with one short trade on EUR/USD and another one on USD/JPY.

Let’s see if next week’s price action translates to more gains for this trend-catcher. Both trades have already had their stops adjusted, but I better be on my toes in case new signals pop up!

Huck's Signature