A new trading week is already underway, which means another batch of daily updates. So, how did the two Variants fare?
Well, price action on July 16 can be described as choppy, sideways, and with very limited volatility. In fact, the days range was only a measly 52 pips.
In other words, the very same terrible trading conditions when the system lost a large chunk of its gains during the last week of June and when the system went into a very painful losing streak during the first few days of May.
Needless to say, both Variants had a very bad time on July 16. Maybe this was a belated Friday the 13th effect? I dunno.
Anyhow, five trades were generated on July 16 and not a single one was a winner. NOT. A. SINGLE. ONE.
By the way, did I mention that the open trade from last Friday (trade # 49) was a loser. Well, I’m mentioning that now. Yes, that open trade from last Friday was a loser.
The Trailing Variant had other open trades (trades # 47 and 48). And while they were closed at a slightly more profitable price level compared to last Friday’s prices, the extra profits were just not enough to offset the loss from trade # 49.
Anyhow, the Fixed TP Variant returned a large chunk of its gains and is now only up by 1.68% for the month (+3.72% previous). Obviously, the Trailing Variant also suffered and is now only up by 1.60% for the month (+3.55% previous).
And if you want to, you can check out the details by clicking on the relevant jump links below.
- The Fixed TP Variant’s Trade Details (click to jump to this part)
- The Trailing Variant’s Trade Details (click to jump to this part)
- The Month So Far (click to jump to this part)
By the way, if you’re a first-time reader and have no idea what this is all about, then just know that I’m forward testing a purely mechanical trading system.
And if you find that interesting, then you may wanna click on the links below to read about and understand the rules of the system.
- The Happy Hunter Price Action System 4.0 (Fixed TP Variant)
- The Happy Hunter Price Action System 4.0 (Trailing Variant)
Also, if you’re wondering what the numbers on the charts are about, they refer to the trade #, based on the chronological order when the signal was generated, not necessarily when the trade was executed.
Oh, also note that you can find the details of each trade in the tables below the chart. If the table is too small to read, just remember that you can click on it to enlarge it.
The Fixed TP Variant’s Trade Details
The Trailing Variant’s Trade Details
The Month So Far
By the way, if you need to check out the previous weeks’ performance, then go ahead and click on any of the relevant links below.
- Week In Review At The Happy Hunter’s Lodge (July 2-6)
- Week In Review At The Happy Hunter’s Lodge (July 9-13)
Okay, that’s all for now. And as always, I enjoy your feedback, so if you have any questions, or if you found a possible error somewhere, or if you just want to say “hi”, then don’t be shy and write a comment down below!