Winner winner, I should buy a superb dinner!
Due to a 384-pip win, the HLHB ended this week within the inexperienced. Woohoo!
Earlier than I present you final week’s numbers, be certain to learn all about my HLHB Trend Catcher System if that is your first time listening to about it!
Mainly, I’m catching tendencies every time the 5 EMA crosses above or beneath the 10 EMA.
As for stops, I’ll proceed to make use of a 150-pip trailing stop and a revenue goal of 400 pips. This may change sooner or later, however I’ll follow this one for now.
Oh, and as talked about earlier than, I’m switching again to applying the HLHB system to the 1-hour time frame. Utilizing 4-hour in Q1 2017 and Q2 2017 wasn’t unhealthy, however I believe utilizing this trend-catcher on the 1-hour might yield higher outcomes.
EUR/USD weakened within the first half of the week and dropped to simply below the 1.1200 mark earlier than the bulls stepped in to erase a lot of the pair’s intraweek losses.
The HLHB validated two alerts close to the week’s backside. Fortunately, it’s the lengthy commerce that was validated final earlier than EUR/USD made new intraweek highs.
Appears like I’m within the EUR/USD bull camp initially of subsequent week!
The HLHB didn’t validate any sign from GBP/USD this week.
Happily, the pair cooperated with the earlier week’s open quick place in order that its stops have now been adjusted to solely lose a max of 22 pips. Not unhealthy, huh?
Like EUR/USD, USD/JPY additionally mirrored the greenback’s power within the first half of the week and its weak point from midweek via Friday.
The HLHB needed to shut a commerce at a 90-pip loss when the a brief commerce was validated. It kinda labored out, although, as a result of the brand new quick commerce caught USD/JPY’s drop and has now locked in 40 pips. Woot!
Right here’s a abstract of the open and closed trades from the final couple of days’ value of buying and selling: