A pretty unfortunate week for the HLHB, which caught the absolute opposite of strong trends last week.
Check out how it lost 381 pips from closing three trades!
Before we get to the details, read all about my HLHB Trend Catcher System if this is your first time hearing about it!
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/USDAll open positions were closed last week so EUR/USD only had this week’s signals to go with.
Unfortunately, that wasn’t much help for the HLHB. It validated a SELL signal right before the pair slowly but surely rode an intraweek uptrend.
It managed to validated a long trade some time near the end of the week but by then a big damage has been done. Ouch.
There was no valid sell signal before Cable traded higher, but the HLHB did have a running short trade on the pair.
This translated to a 145-pip loss from an open trade the previous week and an open long trade that can lose a max of 13 pips.
USD/JPYCan you believe that USD/JPY also saw an uptrend that’s as strong as in EUR/USD and GBP/USD?
There were no new signals from USD/JPY but a short trade from the previous week was enough to cause an 86-pip dent when USD/JPY saw an uptrend.
The HLHB just couldn’t catch a break!
Here’s a summary of this week’s results: