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What a week! Not only did we find out that Keeping Up with the Kardashians is literally #cancelled, but the HLHB also ended its winning streak.

Before we get to the details, read all about my HLHB Trend Catcher System if this is your first time hearing about it!

Trend Catcher SystemBasically, 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

While EUR/USD traded a downswing early in the week, it did so at a slow enough pace to not cause enough volatility or momentum to get validated by the HLHB.

The system eventually validated a short signal on Thursday so that I had to close a long trade from the previous week at a loss.

EUR/USD hasn’t moved much since then so I can only adjust the current trade’s stops to minimize its losses.

GBP/USD

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

Cable traded on a steady downtrend for most of the week, which was BAD news for a long trade that the system validated from the previous week.

Not only has the system seen almost a full 150-pip loss from the trade, but the new trade is also a few pips in the red and will continue to do so unless the pound sees some strength in the next couple of days.

USD/JPY

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

Unlike in EUR/USD and GBP/USD, USD/JPY traded on a tight range for most of the week.

The HLHB still validated a crossover, though, which is why I had to close a trade from the previous week (for a 23-pip profit!).

For now, a long trade on USD/JPY can only lose by a max of 124 pips. I guess it’s something?

Here’s a summary of last week’s trades:

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