A pretty chill week for the HLHB, which only saw three valid signals and a one-digit loss from one trade. I’ve got the numbers for you!
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/USDWhile EUR/USD trended higher for the week, it didn’t get to its new weekly highs without a lot of consolidation.
The first long signal for the week would’ve been the perfect entry for the uptrend. Unfortunately, the RSI had not crossed the 50 mark from below which failed to yield a valid trade for the HLHB.
For now, the trend catcher is off from any open EUR/USD position.
The HLHB was luckier with Cable. Not only did the pair see a more decisive trend, but it also yielded a valid long trade before the pair saw most of its intraweek uptrend.
The week has ended with an adjusted stop loss to reflect a max loss of 21 pips for the trade. Not bad, huh?
USD/JPYAs you can see, even USD/JPY reflected the anti-dollar sentiment for the week. Unlike in the last two pairs, though, the trend isn’t as obvious.
The HLHB ended up validating two signals from USD/JPY with the first one closing with an 8-pip loss so it could take the second trade.
I just hope the second signal proves more profitable than the first!
Here’s a summary of this week’s results:
The HLHB is still anti-dollar in the week ahead! Do you think the trend will continue? Or will the Greenback get its pips back from its major counterparts?