Happy Pip

There was a relatively strong intraday trend on May 16 and the system was able to generate trades in the direction of the trend. Unfortunately, there were also bouts of choppy, sideways price action that resulted in a bunch of losing trades.

The downbeat RBNZ outlook could keep weighing on the New Zealand dollar, dragging it down to the next long-term floor. Here’s my plan.

Trading conditions were still relatively favorable, allowing both Variants to recover even more lost ground.

There was a sweet uptrend on May 14. And fortunately the system was able to generate trades in the direction of the trend, which resulted in a bunch of wins. However,  a couple of the open trades from last Friday were losers.

Greetings, fellow Happy Hunters! A new trading week will soon begin, so it’s time to take stock of how the two Variants of the Happy Hunter Price Action Trading System fared this past week.

The two Variants had a mixed performance on May 11 since the Fixed TP Variant was recover more lost ground while the Trailing Variant was forced to give step back.

Volatility finally picked up on May 10 and intraday price action even resembled GBP/NZD’s historical norm. And as a result, both Variants were able to shave off some of their recent losses.

May 9 was another day with choppy, sideways price action. And that, quite naturally, resulted in some losing trades. However, the Trailing Variant was in the green since it was able to ride the strong upmove on May 10.

There was a nice uptrend on May 8 and both Variants were able to open trades in the direction of the uptrend. However, the uptrend was preceded by choppy, sideways price action that also resulted in losing trades.

A new trading week is underway, which means another batch of daily updates. So how did the two Variants fare?