Who has misplaced pips and isn’t too ? Me!
Due to this of begin trades that now bear pips locked in, I’m not too scared about this week’s salvage loss.
Earlier than we get to the info, read all about my HLHB Pattern Catcher System if this is your first time listening to about it!
Generally, I’m catching inclinations each time the 5 EMA crosses above or below the 10 EMA.
A exchange is easiest fine if RSI crosses above or below the 50.00 mark when the signal pops up. And on this model, I’m adding ADX>25 to weed out the fakeouts.
As for stops, I’ll continue to use a 150-pip trailing dwell and a revenue target of 400 pips. This can also exchange in the destroy, but I’ll follow this one for now.
Oh, and as mentioned sooner than, I’m switching abet to rising use of the HLHB system to the 1-hour time-frame. The usage of 4-hour in Q1 2017 and Q2 2017 wasn’t sinister, but I deem the usage of this pattern-catcher on the 1-hour might maybe well yield higher results.
Now not like in the previous weeks, EUR/USD saw TONS of fakeouts this week as the pair slowly edged lower in the charts.
Fortunately for the HLHB, it invalidated all of these fakeouts. What’s more, EUR/USD’s volatility used to be not sufficient to knock out the begin immediate exchange from final week.
That exchange now has 25 pips locked in with an adjusted dwell loss field at 1.1332. Fingers crossed for clearer inclinations next week!
The HLHB saw not one, but TWO fine trades from Cable this week.
The critical one popped up sooner than the pair hit its intraweek highs while the second one used to be validated juuust as the pair started trending lower.
Closing the final two trades saw a salvage loss of 57 pips which would’ve been sad had the begin exchange not secured no not up to 74 pips for the week forward. Phew!
There bear been no current signals from USD/JPY this week, which is a correct thing all in favour of the greenback traded in tight ranges against the yen.
For now, the HLHB doesn’t bear any begin trades from the pair. But maybe we’ll sign stronger mark motion in the subsequent couple of days?
Here’s a summary of this week’s results:
- Q1 2020 HLHB Pattern-Catcher System Results
- 2019 HLHB Pattern-Catcher System Results
- Reviewing my 2019 Forex Trades
TABLE OF CONTENTS (click the following links and read again).