Both USD/JPY and GBP/JPY chalked up a mixed run in the past week, but did the positions end up positive overall? Read on to find out!
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 five valid signals in the past week, ending up with four wins and one loss.
Back-to-back gains were seen from the get-go as both short and long positions enjoyed strong momentum after the signals were generated. However, the long signal that popped up in the middle of the week was met with some consolidation.
Fortunately this was followed by another set of back-to-back wins. Here’s how it all turned out:
All in all, the pair wound up with a nice 56-pip win from all these positions.
Now here’s what went on with Guppy:This pair was off to a slow start as it couldn’t seem to catch any valid signals early on.
A long play popped up soon enough, but this didn’t really fare so well since there was no bullish follow-through.
Luckily, the second play turned out to be a win and was able to make up for the previous loss.
Here’s how it turned out:
In total, Inside Bar Momentum strategy wound up with a 61-pip gain for the week, making up for the other week’s dent.
The percentage win/loss depends on how position sizes are calculated. Gonna start crunching the numbers for Q2 in a bit!