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This strategy caught a fair amount of valid plays on both pairs I’m watching, but one performed much better than the other again. Take a look!

If this is the first time you’re reading about this forex 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 on both USD/JPY and GBP/JPY.

The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.

USD/JPY caught a couple of inside bar patterns that had its entries triggered.

USD/JPY 4-hour Forex Chart
USD/JPY 4-hour Forex Chart

As in the previous update, both signals had momentum going for them, but the stops were just too tight. These wound up getting hit before the pair could even make it to the targets.

With that, USD/JPY wound up with a 27-pip loss for the week:

Now here’s what went on with GBP/JPY:

GBP/JPY 4-hour Forex Chart
GBP/JPY 4-hour Forex Chart

This pair caught three valid signals, and two of these chalked up gains.

As you can observe from the chart above, bearish momentum was very much in favor of the first couple of plays.

Bullish momentum would’ve also worked out for the last signal, but the stop was pretty tight that it got triggered on a quick pullback.

Here’s how it turned out:

The pair ended the week with a decent 36-pip win.

This brings Inside Bar Momentum Strategy up by another 9 pips this week… still not a lot, but at least it ain’t a loss!

The percentage win/loss depends on how position sizes are calculated.

See how the numbers added up for Q3 2020!