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It’s another positive week for the HLHB!

Who needs a lot of new signals when one can do the job of landing the system in the green, right?

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

EUR/USD saw its intraweek lows on Monday and climbed by about 150 pips before ranging tightly until the end of the week.

Luckily for the HLHB, it had an open long position from the previous week.

So, while we didn’t lock in profits or see any new trades, the stop loss on the trade is adjusted so that the HLHB has 15 pips locked in. Woot!

GBP/USD

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

Cable was a bit more exciting in its intraweek moves.

See, it also rose steadily in the first half of the week, but saw a more significant retracement on Thursday and Friday so that a new signal was validated.

The new trade enabled me to close an open trade from the previous week for a 152-pip profit and now I have a short pound trade going into next week.

USD/JPY

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

USD/JPY may have seen a steady one-directional move, but USD/JPY bulls and bears were chill about their direction that they didn’t trigger any valid trades for the HLHB.

Looks like I’m keeping my short position from last week! Fortunately, USD/JPY has dropped enough that the trade can only lose a max of 44 pips.

Here’s a summary of the open and closed trades from this week’s trading!

Huck's Signature