Yen pairs welcomed the new year with huge fireworks, but did this pickup in volatility generate more signals and pips under this strategy? Time to find 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.
Here are the valid signals on USD/JPY:
This pair had a few inside bar patterns, but only one had its entry level hit and here’s how it turned out:
USD/JPY got in the long position a wee bit too early, as the pullback that followed hit the stop loss before price gained momentum and eventually reached the PT level.
Here’s how Guppy is looking:
A couple of valid signals for this one! Zooming in to the short-term time frames shows whether or not the entry or exit levels were hit.how position sizes were calculated.