One huge fakeout dragged the HLHB within the pink final week.
Good factor there’s a promising open commerce on USD/JPY!
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!
Principally, I’m catching traits each 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 traded in a downtrend virtually from the beginning of the week!
Sadly for the HLHB, a fakeout was validated proper earlier than the euro actually acquired into the intraweek downswing.
I needed to shut the commerce when worth hit the adjusted cease lack of -148 pips. Boo!
Like EUR/USD, Cable additionally noticed a giant downtrend for many of the week.
Not like in EUR/USD, although, the HLHB didn’t validate any fakeouts earlier than the pair dropped. As an alternative, the 2 legitimate trades confirmed up close to the top of the week.
The HLHB is now left with a commerce that may lose a max of 47 pips after closing a 20-pip loss from the primary legitimate commerce this week.
USD/JPY didn’t yield any new trades this week however the greenback’s upswing to its 112.08 highs allowed the HLHB to lock in a 120-pip win from final week’s place.
Do you assume USD/JPY will revisit the 112.00 space? Perhaps even commerce above the extent?
My fingers are crossed for extra volatility among the many main greenback pairs!
Right here’s a abstract of the open and closed trades from the final couple of days’ value of buying and selling: