Go big or go home! Strong intraweek trends for the dollar translated to monster trades for the HLHB last week. Check out how all the chaos led to a 550-pip win for the system!
Before we get to the details, 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/USDAs you can see, the HLHB didn’t validate any of EUR/USD’s signals in the last couple of days.
Luckily for the system, it’s already nursing a long trade from the previous week.
EUR/USD’s uptrend boosted the pair well above the 1.1249 handle needed to hit the 400-pip profit target. Woot!
Now this is prime trend-catching…not!
Cable was on a tight range early in the week before the bulls overpowered the bears by 200 pips or so.
Unfortunately, the HLHB validated a short signal right before the pair rocketed. The trade hit its adjusted SL faster than you can say “Megxit!”
USD/JPYLike in the two previous pairs, USD/JPY didn’t really get momentum until near the middle of the week.
The HLHB validated a short trade that caught most of last week’s move.
Right now I’ve adjusted the stop so that the trade can only lose a max of 66 pips. Score!
Here’s a summary of this week’s results: