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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.

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 (Sept. 3)
GBP/NZD: 1-Hour Forex Chart (Sept. 3)
GBP/NZD: 1-Hour Forex Chart (Sept. 4)
GBP/NZD: 1-Hour Forex Chart (Sept. 4)

GBP/NZD: 1-Hour Forex Chart (Sept. 5)

GBP/NZD: 1-Hour Forex Chart (Sept. 6)
GBP/NZD: 1-Hour Forex Chart (Sept. 7)
GBP/NZD: 1-Hour Forex Chart (Sept. 7)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Sept. 3)
GBP/NZD: 1-Hour Forex Chart (Sept. 3)
GBP/NZD: 1-Hour Forex Chart (Sept. 4)
GBP/NZD: 1-Hour Forex Chart (Sept. 4)

GBP/NZD: 1-Hour Forex Chart (Sept. 5)

GBP/NZD: 1-Hour Forex Chart (Sept. 6)
GBP/NZD: 1-Hour Forex Chart (Sept. 7)
GBP/NZD: 1-Hour Forex Chart (Sept. 7)
Trade Details (Click to enlarge)

This Week’s Performance

The first trading week of September also happens to be a full September week. In other words, all trading days fell on the month of September, so the weekly results are the same as the results presented in the daily update for September 7.

With that said, both Variants of the (very) Happy Hunter Trading System had a very good run during the first week of September, which is a promising sign.

Trading conditions were favorable for both Variants, but the elevated volatility levels and pronounced intraday trends were particularly favorable for the Trailing Variant, which is already up by an impressive 5.11% for the month.

In contrast, the Fixed TP Variant is only up by 2.90%, which is still a respectable performance, by the way.

Anyhow, will trading conditions remain favorable or even improve? I sure hope so!

GBP/NZD appears to be attempting a topside breakout from that ascending triangle that I identified back in July.

GBP/NZD: Daily Forex Chart
GBP/NZD: Daily Forex Chart

There’s an area of interest nearby at 1.9980, though. And unless the pair clears that on strong bullish momentum, I’d remain wary of the possibility that trading conditions may deteriorate again.

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