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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:

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 Variants fared during the previous weeks, then go ahead and click on the links 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.

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 (Aug. 20)
GBP/NZD: 1-Hour Forex Chart (Aug. 20)
GBP/NZD: 1-Hour Forex Chart (Aug. 21)
GBP/NZD: 1-Hour Forex Chart (Aug. 21)
GBP/NZD: 1-Hour Forex Chart (Aug. 22)
GBP/NZD: 1-Hour Forex Chart (Aug. 22)
GBP/NZD: 1-Hour Forex Chart (Aug. 23)
GBP/NZD: 1-Hour Forex Chart (Aug. 23)
GBP/NZD: 1-Hour Forex Chart (Aug. 24)
GBP/NZD: 1-Hour Forex Chart (Aug. 24)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Aug. 20)
GBP/NZD: 1-Hour Forex Chart (Aug. 20)
GBP/NZD: 1-Hour Forex Chart (Aug. 21)
GBP/NZD: 1-Hour Forex Chart (Aug. 21)
GBP/NZD: 1-Hour Forex Chart (Aug. 22)
GBP/NZD: 1-Hour Forex Chart (Aug. 22)
GBP/NZD: 1-Hour Forex Chart (Aug. 23)
GBP/NZD: 1-Hour Forex Chart (Aug. 23)
GBP/NZD: 1-Hour Forex Chart (Aug. 24)
GBP/NZD: 1-Hour Forex Chart (Aug. 24)
Trade Details (Click to enlarge)

This Week’s Performance

Both Variants of the (not so) Happy Hunter had a really rough time this past week, with the Fixed TP Variant down by 2.41% for the week, while the Trailing Variant suffered 3.76% in losses.

And the system’s poor performance this past week is thanks to another bout of very limited volatility and very choppy, sideways-moving, intraday price action.

Thursday (August 23) was especially vexing since volatility really tightened to the extent that the day’s range was only a measly 74 pips. But what made trading conditions really terrible back then is that many of the hourly candles were very big relative to the day’s range, given that many of them were 30-40 pips in height.

Just take a look at how ugly price action was on that day and you’ll understand why both Variants got roughed up.

GBP/NZD: 1-Hour Forex Chart (Aug. 23)
GBP/NZD: 1-Hour Forex Chart (Aug. 23)

Heck, that one terrible day shaved off 2.45% in profits from both Variants.

Anyhow, both Variants are still in positive territory, despite the heavy losses sustained this past week.

There’s still one more week to go, though. And unless trading conditions improve, there’s a good chance that  both Variants may close out the month in the red.

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!

Cheers!

Happy