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Greetings, fellow Happy Hunters! The trading week is done and another one’s about to begin, so let’s take stock of how the two Variants of the Happy Hunter Price Action Trading System fared this past week, shall we?

By the way, if you need to check out the previous weeks’ performance under the updated rules, then go ahead and click on the links below.

Also, I’ve rewritten and republished the monthly evaluation to reflect the updated rules. So if you’re interested to know how the two Variants fared under the new rules, then click on the link below.

Anyhow, below are the topics that we’ll be covering in today’s update:

If you’re a regular reader, then you may wanna use the relevant jump links above to go directly to the actual review.

But if you’re a new reader, then I insist that you read up on that part. Look! It’s right below. So go ahead and read it. Please?

Must-Read For New Readers

If you’re a first-time reader who stumbled across this write-up for some unknown reason, and you have no idea what this is all about, then just know that I crafted a purely mechanical trading system, pursuant to My 2018 Trading Resolution.

If that piques your interest and if you may wanna know more, then click on the links below to read about the rules of the system.

However, let me just give these statements/disclaimers:

Firstly, I make no claim to the profitability of this system (I’m forward testing it after all), so if you use the system to trade real money without doing your own tests, that’s on you, whether you lose money or get lucky and make money

Secondly, there’s no central exchange for the forex market, so there may be discrepancies in our data feed, and it’s highly probable that I may have a valid signal based on my charts where none exist on yours (and vice versa)

With that out of the way, it’s time to finally discuss how the week went.

Below you’ll find charts of each trading day of the week. And 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 opened or closed. And the details of each trade are contained in the table after the charts. Just scroll down.

The Fixed TP Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Mar. 12)
GBP/NZD: 1-Hour Forex Chart (Mar. 12)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 14)
GBP/NZD: 1-Hour Forex Chart (Mar. 14)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 16)
GBP/NZD: 1-Hour Forex Chart (Mar. 16)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Mar. 12)
GBP/NZD: 1-Hour Forex Chart (Mar. 12)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 14)
GBP/NZD: 1-Hour Forex Chart (Mar. 14)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 16)
GBP/NZD: 1-Hour Forex Chart (Mar. 16)
Trade Details (Click to enlarge)

This Week’s Performance

The trading week started favorably enough, so much so that the Fixed TP Variant even reached a new high water mark. However, trading conditions deteriorated during the second half of March 13 and then worsened on March 14.

In fact, the day’s range on March 14 was only a measly 69 pips, which is very low, relative to GBP/NZD’s 225-pip daily average. So, yeah, trading conditions were really that bad. And as a result, both Variants took lots of hits.

The tight trading conditions persisted into the first half of March 15, so both Variants took even more hits, which is rather sad.

Trading conditions did improve during the later half of March 15 and on March 16. Unfortunately, both Variants weren’t able to recover.

This was due to the constant selling pressure which made GBP/NZD’s intraday price action relatively choppy and triggered some short orders that then got promptly stopped out with a full loss.

But on a more optimistic note, it looks like GBP/NZD is finally breaking out from the symmetrical triangle that I pointed out last week.

GBP/NZD: 4-Hour Forex Chart
GBP/NZD: 4-Hour Forex Chart

Hopefully, trading conditions would improve from here on out so that both Variants can recover from their losses.

Selling pressure was notable during the week, though, so it’s likely that sellers haven’t given up yet. And using classical techs, we can see that GBP/NZD is approaching an area of interest from which sellers may counterattack.

It’s therefore possible that we may continue to see choppy price action next week. (I sure hope not!)

The “Bigger Picture” View

Equity Curve Comparison (Feb. 1 - Mar. 16)
Equity Curve Comparison (Feb. 1 – Mar. 16)

Both Variants are still in positive territory for the entire testing period, despite the losses suffered this past week. The Fixed TP Variant, in particular, still has a large buffer with its 6.99% in gains.

Having said that, one good thing about the week is that it’s given me something to focus on for a possible tweak to the rules.

To be more specific, I’m looking at the missed trades on March 13 and March 15.

GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 13)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)
GBP/NZD: 1-Hour Forex Chart (Mar. 15)

Those trades were not executed because they fall under the 2-hour time limit. However it took 3 hours before their respective entry levels were reached, and the orders were already cancelled by then.

The 2-hour time limit does a find job of filtering out many would-be losers. However, it also does filter out a few would-be winners. That didn’t really bother me during the backtest phase and during the forward test on February.

However, the system’s performance during the past trading week has encouraged me to look deeper to see if I can refine the rules in order to capture some of those would-be winners while still avoiding the would-be losers.

Anyhow, that’s all for today!

As always, I enjoy your feedback. So if you have any questions, or if you see a possible error in my work somewhere, or if you just want to say “hi” then don’t be shy and write a comment down below!

Cheers!

Happy

 

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.