Both pairs got their fair share of wins and losses, but did the strategy end up positive overall?
Check out this week’s update!
USD/JPY was off to a running start, as it caught a valid short position early on.
Unfortunately, the pair didn’t gain enough bearish momentum since it consolidated after a quick drop.
Instead, the short play wound up getting stopped out on the bounce higher.USD/JPY caught another valid short signal, and price managed to drop all the way down to the profit target this time.
However, the pair actually left a lot of pips on the table and didn’t catch majority of the selloff since the PT was just close by. Bah!
The next signal was a bullish one, and this wound up getting stopped out also.
USD/JPY wound up with a 9-pip loss overall:
GBP/JPY caught four valid signals for the week.
The first one was a short play that had to be closed early (for a small gain) on a new inside bar pattern.
The same happened for the next position, but this one snagged a tiny loss.
The next couple of signals fared much better, with both the long and short positions hitting their full targets. Woot woot!
Here’s how it all turned out:
Guppy closed out with a nice 46-pip win, carrying on with its positive streak for the fifth week and bringing the Inside Bar Momentum Strategy up by 37 pips.
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q1 2021.