Guppy caught three winning trades for the week, making up for the tiny dent on USD/JPY. Take a look at the latest plays!
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
First up, here’s what went on with USD/JPY:The pair caught a couple of valid positions early in the week, with the first one gaining enough bullish momentum to hit its full target.
Another long play followed, but sadly the climb came just a few pips short of hitting the profit target before quickly reversing.
Unfortunately, this meant that USD/JPY returned all those pips and more when it hit the stop loss. Here’s how it all turned out:
The losing position erased the earlier gains, leaving the pair with a 1-pip loss for the week.
Now here’s what went on with Guppy:This pair was off to a running start as it caught a short signal early on.
This was followed by a selloff that was strong enough to reach the profit target and bag 47 pips.
From there, a long signal popped up at the bottom of the drop. The candles were pretty small, though, so the target was just within striking distance of 24 pips.
Another long position was opened a few bars later, and this one scored a bigger win. Here’s how the numbers are looking:
The percentage win/loss depends on how position sizes are calculated. Gonna start crunching the numbers for Q2 soon!