Winner winner, chicken dinner! One pair caught FOUR consecutive wins on this mech system for the past few days. Take a look!
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:
This pair had four valid plays during the week, and zooming in to the short-term time frames reveals which exit levels were hit.
Woot woot! USD/JPY churned out one win after another as its short positions gained enough bearish momentum to hit their targets. This pair chalked up a total of 65 pips in gains for the week.
Here’s what’s going on with Guppy:
This pair had a couple of valid plays, and here’s how these turned out:
After scoring back-to-back wins last week, Guppy had one win and one loss this time. Fortunately the win was slightly larger than the loss by 10 pips.This brings the Inside Bar Momentum Strategy up by 75 pips for the week, which is pretty good! The percentage gain/loss depends on how position sizes were calculated.