Mech System Replace: Inside Bar Momentum Technique 2.0 (Sept. 24 – Oct. 1)

It’s the final week for this quarter, fellas!

Did this mechanical system spherical up one other set of wins so as to add to its Q3 numbers?

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 had three legitimate alerts for the week.

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

All three have been lengthy positions that attempted to get a chunk of the continuing uptrend.

The primary one had a fairly quick preliminary candlestick, so the exit ranges have been a bit tight. This led to the place being stopped out fairly rapidly earlier than bullish traction might decide up.

The subsequent play fared a lot better, because it was in a position to climb as much as the revenue goal to attain some pips.

Sadly, the final place additionally wound up getting stopped out earlier than the rally even occurred.

With that, USD/JPY wound up with a 14-pip loss for the week:

GBP/JPY was trending larger throughout the first half of the week, and it noticed some inside bar patterns forming. Nonetheless, none of those had their entries triggered.

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

It wasn’t till the second half of the week when value reversed course decrease that Guppy was in a position to catch a legitimate quick play.

Worth gained some bearish momentum afterwards, nevertheless it wasn’t sufficient to make all of it the best way all the way down to the goal.

Too dangerous the quick play acquired stopped out on that spike larger!

This brings the Inside Bar Momentum Strategy 2.0 down by 65 pips for the week, erasing a few of last week’s gains.

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

Gonna crunch the numbers for Q3 quickly, so keep tuned!

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

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