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Aaaand we’re back to positive territory! Thanks to two winning trades, this trend-catcher ended the week with positive pips. Woot! Woot!

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

If you’ve read the last update, then you’ll know that the HLHB didn’t really close trades last week.

Well, it looks like the tides have turned this week!

Aside from registering THREE new valid signals, this trend-catcher also won two out of the three trades that it had closed in the last couple of days. Woot!

Will the last few weeks of the year bring enough volatility for major dollar pairs to inspire intraweek trends? More importantly, will the HLHB recognize the valid signals when they pop up?

The HLHB is shorting both EUR/USD and GBP/USD going into the week. The pairs haven’t moved much since they popped up, so the stop loss adjustments are still too near the original 150-pip mark.

For now, my fingers are crossed for a bit of dollar domination in the next few days. Think we’ll see some dollar-buying?

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