Fxequity

Mech System Replace: Inside Bar Momentum Technique 2.0 (Sept. 10 – 17)


It’s one other week within the inexperienced, fellas!

This mech system managed to catch solely a few indicators per pair, however it had a reasonably good run.

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 had two legitimate indicators for the week.

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

The primary one was a bullish play that gained simply sufficient upside momentum to hit its goal earlier than reversing. Phew!

The following one was a bearish place that sadly snagged its cease loss earlier than the selloff may choose up steam.

Good factor the win was barely bigger than the loss, leaving USD/JPY with 2 measly pips for the week:

GBP/JPY additionally had two legitimate indicators for the week.

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

The primary place was an extended play that was capable of catch fairly a good variety of pips.

The second is a brief play that’s nonetheless open for now, as worth dipped near the goal however continues to maneuver sideways.

This brings the Inside Bar Momentum Strategy 2.0 up by 33 pips for the week.

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

ICYMI, see how the numbers added up for Q2 2021.



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