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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:

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

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.

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

Also a couple of positions on this one, with the first long signal triggered in the earlier update.

Sadly that one failed to reach its target and had its stop loss hit on the pullback for a 65-pip loss. Fortunately, the next short position was able to hit its PT and make up for the loss with 66 pips, netting a measly 1 pip for the week. Bah!

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.

ICYMI, check out how the Inside Bar Momentum Strategy fared for Q3 2018 and how other mech systems are stacking up in Forex Ninja’s Systems Showdown!