Mech System Replace: Inside Bar Momentum Technique 2.0 (Nov. 19 – 25)

Each pairs I’m watching on this technique solely caught one sign every.

Did these positions not less than catch any pips?

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

USD/JPY had a couple of inside bar patterns that shaped all through the week, however just one had its entry triggered.

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

This sign popped up at first of an uptrend, so the pair was capable of catch a couple of pips from the place.

Sadly it didn’t keep open lengthy sufficient to catch your entire rally that adopted!

Nonetheless ain’t complainin’ concerning the 24 pips it bagged, although:

GBP/JPY additionally opened just one place for the week, though it shaped a number of inside bar patterns.

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

The pair was really buying and selling sideways for essentially the most half, and the lengthy play popped up in direction of the top of a fast rally.

Value moved barely greater when the lengthy place was opened, however it didn’t climb excessive sufficient to succeed in the PT.

Ultimately it reversed course and tumbled all the best way all the way down to the cease loss. Ouch!

This brings the Inside Bar Momentum Strategy 2.0 up by a measly 5 pips for the week, barely making up for earlier losses.

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

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

Source link

Leave a Reply

Your email address will not be published.