Mech System Replace: Inside Bar Momentum Technique 2.0 (Nov. 5 – 12)

Did this technique keep it up with its successful streak for the sixth week in a row?

Try these newest alerts to search out 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 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 caught a few legitimate inside bar alerts through the selloff within the first half of the week.

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

The primary place was a brief play that sadly received stopped out on a pullback earlier than bearish momentum picked up once more.

The second play fared a lot better because it was in a position to keep open till value tumbled to the revenue goal.

This win made up for earlier losses, permitting USD/JPY to finish the week with a 15-pip acquire:

GBP/JPY loved sturdy bearish momentum early within the week then caught a sound brief play.

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

Nonetheless, this was opened simply earlier than the pair began consolidating, so the place wound up getting stopped out as an alternative. Bah!

A bunch of different inside bar patterns shaped all through the remainder of the week, however none of those had their entries triggered.

With that, Guppy wound up with a 46-pip dent for the week:

This brings the Inside Bar Momentum Strategy 2.0 down by 31 pips for the week, erasing among the earlier gains.

And that caps off the system’s spectacular successful streak, too! Hopefully it recovers subsequent week, although.

The share win/loss is determined by how position sizes are calculated.

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

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