Ack! This trading system scored more red than green in the past few days. Here’s how the latest 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 valid signals on USD/JPY:
This pair had two valid plays during the week, and zooming in to the short-term time frames reveals which exit levels were hit.
Ugh! USD/JPY snagged back-to-back losses on its short and long positions recently, yielding a 37-pip loss for the week.
Here’s what’s going on with Guppy:
This pair had four valid plays, and here’s how these turned out:
Guppy didn’t have a strong run either as it had three losses and one win. Unfortunately, the 41-pip gain on the winning long positions was unable to make up for the losses, resulting in a 23-pip dent overall for this pair.This brings the Inside Bar Momentum Strategy down by 60 pips for the week, which erases most of the other week’s gains. The percentage gain/loss depends on how position sizes were calculated.