Greetings, fellow Happy Hunters! A new trading week will soon begin, so it’s time to take stock of how the two Variants of the Happy Hunter Price Action Trading System fared this past week.
And below are the usual topics that we’ll be covering in today’s update:
- Must-Read For New Readers (click to jump to this part)
- The Fixed TP Variant’s Trade Details (click to jump to this part)
- The Trailing Variant’s Trade Details (click to jump this part)
- This Week’s Performance (click to jump to this part)
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 how the system fared during the previous weeks, you can do that by click on the relevant link below.
- Week In Review At The Happy Hunter’s Lodge (Apr. 2-6)
- Week In Review At The Happy Hunter’s Lodge (Apr. 9-13)
- Week In Review At The Happy Hunter’s Lodge (Apr. 16-20)
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 up on 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)
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
The Trailing Variant’s Trade Details
This Week’s Performance
Both Variants of the Happy Hunter Trading System had a rough time this past week.Interestingly enough, however, it was the Fixed TP Variant that had the worst of it, with a painful 2.07% loss for the week. The Trailing Variant, meanwhile, only suffered a 0.15% loss, which is basically just a scratch.
The Fixed TP Variant actually fared well enough during the first half of the week, thanks to a steady uptrend that lasted from Monday until Wednesday.
Intraday price action was choppy, though, so the Fixed TP Variant also generated losing trades along the way.
The pain finally came when Thursday came since the pair traded sideways in a tight 80-pip range, which resulted in a string of losses and no winning trade whatsoever.
The choppy, sideways price action then persisted into the first half of Friday, so the Fixed TP Variant suffered some more.
There was a strong intraday trend on Friday, but because the Fixed TP Variant has, well, a fixed TP, it only got a set amount from that downswing. And unfortunately, that win just wasn’t enough to offset the string of losses from earlier.
Incidentally, the very strong intraday trend on Friday is the primary reason why the Trailing Variant didn’t suffer as much since the Trailing Variant was able to ride that trend all the way down, yielding a 2.29% return on that one trade alone (trade # 117).
In fact, the trade is still actually open. So if the pair continues to trend lower come Monday, then the Trailing Variant will likely continue to rake in gains.
However, that doesn’t seem very likely since the pair is back at the area of interest at 0.9410. Although a clear downside break past 0.9410 may entice enough bears to push the pair lower to 1.9170.
Anyhow, this week’s poor performance really took a toll on the Fixed TP Variant since the Fixed TP Variant is now only up by a measly 0.26% for the month, which is dangerously close to negative territory.
And there’s a chance that the Fixed TP Variant may close out the month in the red since there’s still one trading day left before the month ends.
Of course, there’s also a chance that the Fixed TP Variant may generate more gains. There’s even a slim chance that the Trailing Variant may close out the month in positive territory. Just gotta think happy thoughts!
By the way, I mentioned before that Version 4.0 of the Happy Hunter Trading System is incomplete because I didn’t include the updated rules on trade management yet.
Well, I’m currently still testing and things look promising. There’s no set schedule on when I can roll out the updated rules, though.
Okay, that’s all I’ve got for today! And 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!