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Winner winner, I can buy a good dinner!

Thanks to a 384-pip win, the HLHB ended this week in the green. Woohoo!

Before I show you last week’s numbers, make sure to read all about my HLHB Trend Catcher System if this is your first time hearing about it!

Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA .

A trade is only valid if RSI crosses above or below the 50.00 mark when the signal pops up. And in this version, I’m adding ADX>25 to weed out the fakeouts .

As for stops, I’ll continue to use a 150-pip trailing stop and a profit target of 400 pips . This might change in the future, but I’ll stick to this one for now.

Oh, and as mentioned before, I’m switching back to applying the HLHB system to the 1-hour time frame . Using 4-hour in Q1 2017 and Q2 2017 wasn’t bad, but I think using this trend-catcher on the 1-hour could yield better results.

EUR/USD

EUR/USD 1-Hour Forex Chart

EUR/USD weakened in the first half of the week and dropped to just under the 1.1200 mark before the bulls stepped in to erase most of the pair’s intraweek losses.

The HLHB validated two signals near the week’s bottom. Luckily, it’s the long trade that was validated last before EUR/USD made new intraweek highs.

Looks like I’m in the EUR/USD bull camp at the start of next week!

GBP/USD

GBP/USD 1-Hour Forex Chart

The HLHB didn’t validate any signal from GBP/USD this week.

Fortunately, the pair cooperated with the previous week’s open short position so that its stops have now been adjusted to only lose a max of 22 pips. Not bad, huh?

USD/JPY

USD/JPY 1-Hour Forex Chart

Like EUR/USD, USD/JPY also reflected the dollar’s strength in the first half of the week and its weakness from midweek through Friday.

The HLHB had to close a trade at a 90-pip loss when the a short trade was validated. It kinda worked out, though, because the new short trade caught USD/JPY’s drop and has now locked in 40 pips. Woot!

Here’s a summary of the open and closed trades from the last couple of days’ worth of trading: