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With the major currency pairs not really going anywhere last week, the HLHB System had time to take a chill pill with its signals.

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 1-Hour Forex Chart
EUR/USD 1-Hour Forex Chart


GBP/USD 1-Hour Forex Chart
GBP/USD 1-Hour Forex Chart


USD/JPY 1-Hour Forex Chart
USD/JPY 1-Hour Forex Chart

As you can see above, only GBP/USD showed a valid signal throughout the week. This is fortunate because the major pairs didn’t really show strong directional movements in the past couple of days.

Since Cable didn’t stick to one direction after it popped up the signal, the one new trade remains open. Ditto for the EUR/USD signal from last week.

So, no gains or losses for now. I’m watching two open trades, though, which can only lose a max of about 60 pips each.

Hopefully we see more activity next week!

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