Greetings, fellow Happy Hunters! The trading week is done and a new one will soon begin, which means that 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 the previous week’s performance, then go ahead and 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 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
After last week’s lackluster performance, both Variants delivered some rather impressive results this past week since the Fixed TP Variant was able to harvest 3.68% in gains for the week, while the Trailing Variant was able to rake in an impressive 4.53% in profits.
Intraday price action this past week wasn’t really very favorable since GBP/NZD’s price action was rather choppy (more often than not) and there were many instances when hourly candles were rather large, which made it hard for the Trailing Variant to preserve its gains.
However, average daily volatility picked up this past week (155 pips vs. 139 pips last week), which allowed more trades to hit TP.
And while intraday price action was a bit choppy, the intraday trends this past week were more unidirectional compared to last week’s intraday trends, which made up for the choppy intraday price action and allowed the Trailing Variant to capture some gains.
And to illustrate take note of the intraday trends on the charts for July 11, 12, and 13 below.
As you can see, intraday price action was a rather choppy, but GBP/NZD generally moved in one direction each day, which is why the Trailing Variants was also able to do well as well.
Anyhow, 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!