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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 (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 23)
GBP/NZD: 1-Hour Forex Chart (Oct. 23)
GBP/NZD: 1-Hour Forex Chart (Oct. 24)
GBP/NZD: 1-Hour Forex Chart (Oct. 24)
GBP/NZD: 1-Hour Forex Chart (Oct. 25)
GBP/NZD: 1-Hour Forex Chart (Oct. 25)
GBP/NZD: 1-Hour Forex Chart (Oct. 26)
GBP/NZD: 1-Hour Forex Chart (Oct. 26)
Trade Details (Click to enlarge)

The Trailing Variant’s Trade Details

GBP/NZD: 1-Hour Forex Chart (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 22)
GBP/NZD: 1-Hour Forex Chart (Oct. 23)
GBP/NZD: 1-Hour Forex Chart (Oct. 23)
GBP/NZD: 1-Hour Forex Chart (Oct. 24)
GBP/NZD: 1-Hour Forex Chart (Oct. 24)
GBP/NZD: 1-Hour Forex Chart (Oct. 25)
GBP/NZD: 1-Hour Forex Chart (Oct. 25)
GBP/NZD: 1-Hour Forex Chart (Oct. 26)
GBP/NZD: 1-Hour Forex Chart (Oct. 26)
Trade Details (Click to enlarge)

This Week’s Performance

The (not so) Happy Hunter Trading System had a rough time this past week since both the Fixed TP Variant and the Trailing Variant were forced to shed 0.70% in gains.

Both Variants actually suffered much bigger losses, with the Fixed TP Variant down by 2.99% for the week at one point while the Trailing Variant lost as much as 3.71%, since both Variants went on a losing streak from Monday until Thursday.

However, both Variants bounced back on Friday, thanks to the favorable trading conditions back then, which is why both Variants only lost 0.70% apiece.

As to why both Variants went into a losing streak, well, this is how GBP/NZD’s price action for the week looks like.

GBP/NZD: 4-Hour Forex Chart
GBP/NZD: 4-Hour Forex Chart

As you can see, GBP/NZD was basically trading sideways from Monday until Thursday. And if you take a look at the 1-hour chart, intraday price action was also choppy and many of the hourly candles were rather big.

And as regular readings already know, the (not so) Happy Hunter Trading System doesn’t do very well given the above mentioned trading conditions, which is why the system went into a painful losing streak.

Anyhow, this week’s losses are not enough to derail both Variants from closing out the month in positive territory since the Fixed TP Variant is still up by 5.16% for the month while the Trailing is still up by 16.26%.

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 review how the system performed in September, then you can do that by clicking on the link below.

And if you need to check out how the system fared in the previous weeks, then go ahead and click on the links below.

Cheers!

Happy