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Greetings, fellow Happy Hunters! The trading week is done and another one will soon 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?

And below are the usual 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.

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, this is the second month of forward testing the system. So if you’re interested to know how the two Variants fared back in February, then click on the link below.

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. 19)
GBP/NZD: 1-Hour Forex Chart (Mar. 19)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 21)
GBP/NZD: 1-Hour Forex Chart (Mar. 21)
GBP/NZD: 1-Hour Forex Chart (Mar. 22)
GBP/NZD: 1-Hour Forex Chart (Mar. 22)
GBP/NZD: 1-Hour Forex Chart (Mar. 23)
GBP/NZD: 1-Hour Forex Chart (Mar. 23)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Mar. 19)
GBP/NZD: 1-Hour Forex Chart (Mar. 19)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 21)
GBP/NZD: 1-Hour Forex Chart (Mar. 21)
GBP/NZD: 1-Hour Forex Chart (Mar. 22)
GBP/NZD: 1-Hour Forex Chart (Mar. 22)
GBP/NZD: 1-Hour Forex Chart (Mar. 23)
GBP/NZD: 1-Hour Forex Chart (Mar. 23)
Trade Details (Click to enlarge)

This Week’s Performance

Trading conditions during the past week were rough overall. Sure, there was a clear uptrend during the first half of the week, but intraday price action was rather choppy, so sell orders were triggered, which then resulted in losses.

Even so, the Fixed TP Variant was able to eke out a 0.53% gain for the week while the Trailing Variant was able to capture a more satisfying 1.89% weekly gain.

Do note that the Trailing Variant was able to outperform the Fixed TP Variant. This was due to trades # 55, 57, and 58, which were all long trades that were able to ride a large chunk of the uptrend during the first half of the week.

These then gave the Trailing Variant a large enough cushion that allowed it to absorb the string of losses that came later due to the choppy price action.

Anyhow, I was kinda expecting the choppy conditions. If you can still remember last week’s recap, I expressed concern back then that selling pressure was notable despite the upside breakout from the symmetrical triangle that I identified two weeks ago, which implies that sellers haven’t given up on GBP/NZD yet.

And, well, we saw a continuation of that. In fact, sellers eventually began to win out during the latter half of the week. Whether bears will win out to bulls will regain their footing remains to be seen.

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

Another thing worth pointing out is that we encountered two more Entry Type 1 trades that would have been profitable if they weren’t filtered out by the two-hour time limit.

GBP/NZD: 1-Hour Forex Chart (Mar. 19)
GBP/NZD: 1-Hour Forex Chart (Mar. 19)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)
GBP/NZD: 1-Hour Forex Chart (Mar. 20)

There have already been four such instances of profitable trades getting filtered out this month. The other two happened on March 13 and March 15.

Anyhow, I’m currently working on a way to address this. And hopefully I’ll have the tweak(s) up before the end of the month.

The “Bigger Picture” View

Equity Curve Comparison (Feb. 1 - Mar. 23)
Equity Curve Comparison (Feb. 1 – Mar. 23)

I’ll just leave those there since they’re pretty self-explanatory. I’ll just add that it’s kinda nice that both Variants are still in positive territory, despite the choppy intraday price action in February and March. Although it’s a bit disappointing that both Variants are way off their respective high water marks.

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