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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?

Well, they both fared very poorly, just to be blunt about it. GBP/NZD’s intraday price action on November 26 was basically a continuation of last Friday’s choppy, sideways price action, as you can see below.

GBP/NZD: 1-Hour Forex Chart (Nov. 26)
GBP/NZD: 1-Hour Forex Chart (Nov. 26)

Moreover, volatility was still low, so some trades that were winners at one point (trades # 105 and 107) were closed out with losses in the end. And as a result, both Variants lost more than they gained.

Worse, the open trades from last Friday (trades # 101 and 102) were both closed with full losses. Ouch!

And with that, both Variants were forced to give back even more of their gains.

The Fixed TP Variant is still in positive territory with a 1.46% gain for the month (+2.72% last Friday). As for the Trailing Variant, well, it’s now in the red for the month with a 0.34% loss. It was up by 2.04% last Friday, which goes to show just how terrible trading conditions were on Monday.

Hello darkness, my old friend
Hello darkness, my old friend…

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. 26)
GBP/NZD: 1-Hour Forex Chart (Nov. 26)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Nov. 26)
GBP/NZD: 1-Hour Forex Chart (Nov. 26)
Trade Details (Click to enlarge)

The Month So Far

Equity Curve Comparison (Nov. 1-26)
Equity Curve Comparison (Nov. 1-26)

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