Fxequity

HLHB Pattern-Catcher System Replace (Dec 6 – 10)


Tight buying and selling situations helped produce a number of fakeouts for the HLHB this week!

Try how a lot harm some validated indicators have made in the previous couple of days.

However earlier than I present you final week’s numbers, make certain to learn all about my HLHB Trend Catcher System if that is your first time listening to about it!

Trend Catcher SystemPrincipally, I’m catching developments every time the 5 EMA crosses above or beneath the 10 EMA.

A commerce is simply legitimate if RSI crosses above or beneath the 50.00 mark when the sign pops up. And on this model, I’m adding ADX>25 to weed out the fakeouts.

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 stick with 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 1-Hour Forex Chart
EUR/USD 1-Hour Foreign exchange Chart

EUR/USD traded in a 100-pip ish vary for a lot of the week, which might not have been an issue had the HLHB filtered ALL the crossovers that occurred contained in the vary.

The final crossover handed muster, although, and the brand new legitimate sign meant that I needed to shut final week’s open place with a 36-pip loss.

The purchase commerce is fairly new however I’ve already adjusted its stops in order that it might probably solely lose a max of 128 pips within the subsequent few days. Fingers crossed!

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

What’s worse than a validated fakeout in a decent vary? That’s proper, TWO validated fakeouts!

GBP/USD additionally traded inside a 100-pip vary final week however TWO crossovers managed to go the HLHB’s filters.

Fortunately, the primary place was closed for a 22-pip revenue and the remaining place can now solely lose a max of 104 pips. I’ll take it!

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

Not like in EUR/USD and GBP/USD, USD/JPY trended in a single route earlier than settling inside a spread.

The HLHB validated two crossovers contained in the vary, although, which is how I ended up with a web lack of 85 pips on USD/JPY and an open place that has a max cease lack of 123 pips going into the week.

Right here’s a abstract of the open and closed trades from the final couple of days’ value of buying and selling:


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