All THREE positions from final week closed within the inexperienced this week.
Will the brand new open trades additionally result in extra positive aspects for the HLHB?
Earlier than I present you final week’s numbers, be sure to learn all about my HLHB Trend Catcher System if that is your first time listening to about it!
Mainly, I’m catching developments at any time when 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 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 dangerous, however I feel utilizing this trend-catcher on the 1-hour might yield higher outcomes.
EUR/USD traded inside a 70ish-pip vary till Thursday when sturdy danger aversion dragged the euro decrease in opposition to the greenback.
There was just one legitimate sign and it popped up earlier than EUR/USD made new intraweek lows. I’m not too unhappy about it, although, as a result of (a) the sign was for a protracted commerce and (b) the commerce from final week closed within the inexperienced.
For now, I’m holding on to a protracted commerce that may solely lose a max of 114 pips. I simply hope for the commerce’s sake that EUR/USD reverses to the upside quickly!
Very like the EUR/USD, Cable additionally traded inside a spread earlier than the pro-dollar sentiment took riskier bets decrease throughout the board later within the week.
I had a protracted place open from the earlier week and, thanks to at least one legitimate sign mid-week, it closed with a 41-pip revenue.
The one legitimate sign from GBP/USD is one other lengthy commerce that may lose a max of 123 pips after the stops have been moved.
Have a look at the mid-week reversal vibes!
Because of a brand new sign, the HLHB closed final week’s open place for an 8-pip revenue and was positioned effectively for a pleasant dip for USD/JPY.
The brand new commerce continues to be open however it might solely lose a max of 66 pips after the stops have been adjusted.
Right here’s a abstract of the open and closed trades from the final couple of days’ price of buying and selling: