Just a couple of signals each for USD/JPY and GBP/JPY this week! Here’s a quick update on how the system’s positions turned out.
If this is the first time you’re reading about this strategy, I suggest you take a look at the system rules before reading on.
Also, this version makes use of an adjusted stop loss size (from the original 20% of the first candlestick to 40% of its length) on both USD/JPY and GBP/JPY.
First up, here are the signals on USD/JPY:
This pair had a couple of valid signals for the week, and zooming in to the short-term time frames shows if entry or exit levels were hit.
Winner, winner, chicken dinner… again! This pair scored back-to-back wins, even as the second position had to be closed early on a new inside bar formation. This pair was able to rack up 25 pips on these plays.
Also a couple of positions on this one, with the first long signal triggered in the earlier update.
With that, the Inside Bar Momentum strategy is up 26 pips for the week, and the percentage gain depends on how position sizes were calculated.