Mech System Replace: Inside Bar Momentum Technique 2.0 (Oct. 28 – Nov. 5)

This technique chalked up its FIFTH consecutive successful week, because it racked up much more good points on each pairs I’m watching.

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 unique 20% of the primary candlestick to 40% of its size.

USD/JPY moved sideways typically, however the technique nonetheless managed to choose up some momentum performs off the dips.

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

The primary legitimate sign was a brief play that caught the tail finish of a selloff from earlier on.

This managed to seize a couple of pips earlier than the pair bounced again up.

The following brief sign popped up in the midst of a selloff and was additionally in a position to catch some good points, rounding as much as a complete of 36 pips in winnings for USD/JPY:

GBP/JPY had 4 legitimate alerts for the week, and it was a mixture of bullish and bearish positions.

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

The primary one was a protracted sign that was in a position to catch some upside momentum however needed to be closed early when one other sign got here up.

Fortuitously the system was in a position to change gears with this brief play since bearish momentum took over, leading to one other win for the pair.

One other brief sign adopted, yielding yet one more achieve for Guppy as promoting stress continued to choose up.

Earlier than the week got here to an in depth, a protracted sign materialized and allowed the pair to revenue from the tiny uptrend!

That’s a complete of 124 pips in winnings for GBP/JPY:

This brings the Inside Bar Momentum Strategy 2.0 up by 160 pips for the week.

That’s its FIFTH consecutive successful week yo!

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

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

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