Mech System Replace: Inside Bar Momentum Technique 2.0 (Dec. 3 – 10)

Each pairs I’m watching on this mech system caught a handful of indicators every, and most of those positions bagged wins.

See what number of pips it locked in!

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

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

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

USD/JPY began off with a gradual climb for the primary half of the week.

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

The pair was capable of financial institution on the bullish momentum, because it caught three legitimate lengthy indicators throughout this time.

The primary lengthy play turned out to be a loss, however this was rapidly made up for by the following couple of positions that caught earnings.

The final place was a brief play earlier than USD/JPY tumbled, additionally including to the week’s set of wins.

The pair was capable of shut out with a 42-pip acquire:

GBP/JPY was additionally off to a rally early within the week when it snagged two legitimate lengthy indicators.

Each of those turned out winners since bullish momentum was fairly robust at the moment.

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

The pair topped out midweek then slid decrease for the following few days, catching legitimate quick performs then.

Sadly, the primary bearish place wound up a loss when value pulled up earlier than spiking decrease.

The following quick play made up for this loss and extra, permitting Guppy to finish up with a pleasant 96-pip win:

This brings the Inside Bar Momentum Strategy 2.0 up by 138 pips for the week, making up for earlier losses.

The share win/loss depends upon how position sizes are calculated.

ICYMI, see how the numbers added up for Q3 2021.

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