Both pairs showed a number of inside bar patterns but only a few valid signals popped up. Did these catch any pips for USD/JPY or GBP/JPY?
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 valid signals on USD/JPY:
Just a couple of signals for this pair! Zooming in to the short-term charts shows which exit levels were hit:
After last week’s sole losing position, this pair followed through with back-to-back losses. Ouch!
Now here’s how Guppy is looking:
This pair caught just had one valid signal for the week, and here’s how it turned out:
Not another losing trade?!All these stopped out positions brought the system down by 60 pips in total. The percentage gain/loss depends on how position sizes were calculated.