GBP/JPY scored one win and one loss while USD/JPY had three consecutive winning positions.
See how many pips the system racked up!
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 was in selloff mode for the most part of the week.
The pair was able to cash in on this trend with three valid short signals.
All three turned out well, as the pair barely looked back from its drops. This allowed USD/JPY to bag a total of 68 pips for the week:
GBP/JPY, on the other hand, was trending higher.
It was off to a running start with a long signal early in the week, and this gained enough bullish momentum to hit its profit target.
The second long position did not fare so well, though, as price dipped to the stop loss before carrying on with its climb.With that, Guppy lost 2 pips overall:
Even with this loss, the Inside Bar Momentum Strategy 2.0 is still up 66 pips for the week.
That’s its third consecutive winning week yo!
The percentage win/loss depends on how position sizes are calculated.
ICYMI, see how the numbers added up for Q2 2021.