This strategy caught only a handful of signals this time, but did it score any wins? Read on to find out!
USD/JPY was off to a slow start since it couldn’t pick up on inside bar patterns early in the week.Later on, one valid signal popped up after another as momentum picked up.
The first position didn’t quite catch enough upside to hit the full target before being closed on a new inside bar pattern for a teensy gain.
Unfortunately the next one suffered almost the same fate, as it missed the profit target by a measly pip then got stopped out!
Good thing the last position managed to score a full win. Here’s how it all turned out:
Now here’s what went on with GBP/JPY:
Nada!This currency pair didn’t catch any valid signals at all as entry prices weren’t triggered, even though several inside bar patterns formed.
I guess Guppy wanted to take a break after its stellar run the other week!With that, the Inside Bar Momentum Strategy ended up with a meager 6-pip gain for the week thanks to USD/JPY’s positions.
The percentage win/loss depends on how position sizes are calculated.
I’m gonna round up the numbers for Q3 soon but ICYMI, check out how the Inside Bar Momentum Strategy fared for Q2 2020!