A bit of a shaky start for USD/JPY but this system finally caught a few good runs, including a back-to-back win on Guppy!
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.
Here are the valid signals on USD/JPY:
As in the previous week, there were a few more inside bar patterns but only three were able to hit their entry levels. Here’s how those valid signals turned out:
The first position came close to hitting its target but came up short and formed a new inside bar to trigger an early exit. Fortunately the next one hit its full target but the last signal was stopped out, netting a 2-pip loss for the pair.
This one snagged a couple of valid plays and was able to hit full profit targets on both!how position sizes were calculated.