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.
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
This past week was a full October week, so the weekly results are the same as the results presented in the daily update for October 5.
With that said, both Variants had a good run this week. The Trailing Variant, in particular, had an extremely impressive run since it was able to harvest 13.06% in gains for the week.
That’s just one week, mind you. Also, do keep in mind that we incorporate a fixed 12-pip spread for all our trades.
In contrast, the Fixed TP Variant closed out the week with 2.83% in gains, which is still very impressive but certainly dwarfs in comparison to the Trailing Variant’s +13.06%.
Interestingly enough, the Trailing Variant actually had a rough time on Monday and Tuesday. Heck, it was even down by 1.87% at one point.
Thankfully, GBP/NZD began trending higher near the end of October 2. And the pair then just kept on trending higher for the rest of the week.
That’s a three-day long , 750+ pip uptrend right there. And the system was able to open a bunch of trades in the direction of the trend. Also, many of the trades were able to ride large chunks of the uptrend, which is why the Trailing Variant had a very impressive run this past week.
Incidentally, I’m not really too surprised with GBP/NZD’s price action this past week. After all, the pair did already break out of that ascending triangle I identified way back in July, so I was expecting volatility to increase.
The Trailing Variant’s strong performance is also not too surprising. After all, the Trailing Variant was designed specifically to ride trends. And besides, this past week’s price action is closer to GBP/NZD’s historical behavior.
Anyhow, there’s a chance that trading conditions may deteriorate next week since the pair is approaching the area of interest at 2.0390, so I expect bears to start fighting back.
But if the bulls somehow win out next week, then the next area of interest to watch will be 2.0680.
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!
By the way, if you want to know how the system fared in September, then you can do that by clicking on the link below.