Mech System Replace: Inside Bar Momentum Technique 2.0 (Nov. 6 – Dec. 3)

Each GBP/JPY and USD/JPY noticed robust bearish momentum early within the week, however this technique caught just one sign per pair.

How did these end up?

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 staged a pointy selloff early within the week, however this momentum system was unable to select up any legitimate brief indicators then.

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

The pair went on to commerce sideways for probably the most a part of the week, however it did catch a brief play in the course of all of it.

Whereas USD/JPY edged barely decrease afterwards, it didn’t dip low sufficient to hit the revenue goal.

As an alternative, worth bounced proper again as much as set off the cease loss for a 36-pip loss.

GBP/JPY additionally offered off early within the week, however there have been no inside bar patterns that shaped then.

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

Worth carried on with a gradual and regular decline all through the week, permitting the system to catch a legitimate brief sign.

Sadly, identical to the opposite pair, Guppy additionally wound up getting stopped out on a spike greater earlier than worth finally dipped to the PT.

That’s a 50-pip loss for this pair this week. Ouch!

This brings the Inside Bar Momentum Strategy 2.0 down by 86 pips for the week, including to earlier losses.

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

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

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