Mech System Replace: Inside Bar Momentum Technique 2.0 (Aug. 27 – Sept. 3)

It’s a purple week for this one!

Each pairs gave in to uneven value motion, which led to all positions getting stopped out.

If that is the primary time you’re studying about this forex technique, I recommend you check out the system rules earlier than studying on.

Additionally, this model makes use of an adjusted stop loss measurement on each USD/JPY and GBP/JPY.

The scale of the stop loss was adjusted from the authentic 20% of the primary candlestick to 40% of its size.

USD/JPY caught three legitimate alerts for the week, with the primary one being a brief play.

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

This didn’t achieve a lot draw back traction, as value shortly hit its cease loss on the pullback.

The following place, which was a bullish play, acquired stopped out on that spike decrease earlier than USD/JPY might even begin to rally.

It’s simply too dangerous that it will’ve hit its revenue goal on that large transfer!

The final sign additionally didn’t fare properly, though bullish momentum picked up. The pair fell in need of its PT by 6 pips earlier than retreating and hitting the cease.

This brings USD/JPY down by 47 pips for the week, ending its successful streak.

GBP/JPY was trending increased for essentially the most a part of the week, but it surely solely caught one legitimate sign and it was a brief play.

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

As you’ve most likely guessed, it didn’t keep open for very lengthy earlier than value reversed and hit the cease.

A number of extra inside bar patterns fashioned in the course of the consolidation midweek, however not one of the entries have been stuffed.

This leaves Guppy down by 22 pips:

This brings the Inside Bar Momentum Strategy 2.0 down by 69 pips for the week.

That caps off the system’s seven-week successful streak, however I’m nonetheless preserving my robotic fingers crossed that it makes up for it in a while.

Can’t win ’em all, proper?

The proportion win/loss will depend on how position sizes are calculated.

ICYMI, see how the numbers added up for Q2 2021.

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