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A new week is already underway, which means a fresh batch of daily updates. So, how did the two Variants fare during the first trading day of the new week?

The choppy downtrend from last week resumed on November 12 but began to lose steam during the second half of the day.

And unfortunately, only one winning trade was generated but a bunch of losing trades were triggered when GBP/NZD traded sideways during the later half of the day.

Fortunately, the open trades from last Friday (trades # 47, 48, and 49) were all closed out with profits, so both Variants were able to trim a large chunk of their losses, which is a promising start for the week.

The Fixed TP Variant is now only down by 2.88% for the month (-3.50% last Friday). The Trailing Variant, meanwhile, is now only down by 4.13% for the month (-6.48% last Friday).

Anyhow, you can  check out the details by clicking on the relevant jump links below.

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.

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

GBP/NZD: 1-Hour Forex Chart (Nov. 12)
GBP/NZD: 1-Hour Forex Chart (Nov. 12)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Nov. 12)
GBP/NZD: 1-Hour Forex Chart (Nov. 12)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Nov. 1-12)
Equity Curve Comparison (Nov. 1-12)

By the way, if you want to review how the system performed in October, then you can do that by clicking on the link below.

And if you need to check out how the system fared in the previous weeks, then go ahead and click on the links below.

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!

Cheers!

Happy