This strategy chalked up its FIFTH consecutive winning week, as it racked up even more gains on both pairs I’m watching.
If this is the first time you’re reading about this forex strategy, I suggest you take a look at the system rules before reading on.
Also, this version makes use of an adjusted stop loss size on both USD/JPY and GBP/JPY.
The size of the stop loss was adjusted from the original 20% of the first candlestick to 40% of its length.
USD/JPY moved sideways in general, but the strategy still managed to pick up some momentum plays off the dips.
USD/JPY 4-hour Forex ChartUSD/JPY 4-hour Forex Chart
The first valid signal was a short play that caught the tail end of a selloff from earlier on.
This managed to grab a few pips before the pair bounced back up.
The next short signal popped up in the middle of a selloff and was also able to catch some gains, rounding up to a total of 36 pips in winnings for USD/JPY.
GBP/JPY had four valid signals for the week, and it was a mix of bullish and bearish positions.
The first one was a long signal that was able to catch some upside momentum but had to be closed early when another signal came up.
Fortunately the system was able to switch gears with this short play since bearish momentum took over, resulting in another win for the pair.
Another short signal followed, yielding yet another gain for Guppy as selling pressure continued to pick up.
Before the week came to a close, a long signal materialized and allowed the pair to profit from the tiny uptrend!
That’s a total 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 winning week yo!
The percentage win/loss depends on how position sizes are calculated.
