A few large wins offset just a few fakeouts in the previous couple of days.
Seems to be just like the HLHB is off to an excellent begin in This fall!
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 each time the 5 EMA crosses above or under 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 keep on 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 feel utilizing this trend-catcher on the 1-hour may yield higher outcomes.
EUR/USD traded in a variety for many of the week, which might be why the HLHB caught a fakeout.
The second open place seems to be promising, although, because it appeared simply earlier than EUR/USD hit its intraweek backside.
My fingers are crossed that EUR/USD extends its upswing lengthy sufficient for this trend-catcher to lock in pips!
Cable traded in a really tight vary within the first week of October however then it exploded larger and traded in an uptrend within the succeeding week.
The HLHB received fortunate from the transfer as a result of it had an open lengthy commerce from late September and the second legitimate sign popped up above the primary legitimate commerce. HLHB gained 150 pips from closing two positions!
The HLHB was most unlucky on the yen as a result of it caught not one, however TWO legitimate quick trades whereas USD/JPY is trending larger.
The second commerce continues to be open for now however until we see a really sturdy countertrend catalyst, I’ll in all probability have to take a look at the subsequent legitimate sign for revenue alternatives.
Right here’s a abstract of the open and closed trades from the final couple of days’ value of buying and selling: