At present I current you an summary of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from September 4 to eight, 2023. There have been opened a complete of 6 trades, two for every forex pair. The Owl Good Ranges indicator traded all currencies on the draw back in opposition to the greenback, which signifies that it caught a steady development of development of the American forex, thus attaining a optimistic outcome.
For comfort and well timed receipt of alerts I exploit the Owl Good Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development path of the upper timeframe.
EURUSD assessment
On Monday, the market was fully within the useless zone. The Owl Good Ranges indicator gave the primary sign to open a commerce on EURUSD solely on Tuesday morning.
Fig. 1. EURUSD SELL 0.22, OpenPrice = 1.07915, StopLoss = 1.07983, TakeProfit = 1.07697, Revenue = $48.09.
Having predicted the autumn of the euro from the extent of about 1.0795 (dotted line above the order opening line), the Owl Good Ranges indicator instructed opening a commerce, which introduced a revenue of 48$.
On Wednesday, the market spent virtually the entire day within the useless zone, and the subsequent commerce occurred within the night.
Fig. 2. EURUSD SELL 0.10, OpenPrice = 1.07249, StopLoss = 1.07392, TakeProfit = 1.06785, Revenue = -$1.57.
The indicator warned in time in regards to the necessity to shut the commerce by reversal of its huge arrow, and thus lowered the loss to intangible.
There have been no trades on Thursday, and on Friday the market was once more within the useless zone all day lengthy.
GBPUSD assessment
The Owl Good Ranges indicator instructed opening a fairly worthwhile, because it turned out later, commerce on Monday afternoon.
Fig. 3. GBPUSD SELL 0.19, OpenPrice = 1.26330, StopLoss = 1.26411, TakeProfit = 1.26070, Revenue = $48.15.
The commerce was closed by TakeProfit and introduced revenue within the quantity of $48, which is our indicator’s favourite.
However the subsequent commerce, opened on Thursday, needed to be closed manually, however for the reason that sign was given in time, the losses had been minimal.
Fig. 4. GBPUSD SELL 0.09, OpenPrice = 1.24704, StopLoss = 1.24864, TakeProfit = 1.24184, Revenue = -$3.38.
The market spent Friday within the useless zone and there have been no extra trades on the asset.
AUDUSD assessment
In addition to for the opposite two belongings, there have been two trades for promoting on AUDUSD.
Fig. 5. AUDUSD SELL 0.27, OpenPrice = 0.64595, StopLoss = 0.64650, TakeProfit = 0.64417, Revenue = $5.73.
The primary of the 2 trades was closed on the well timed sign of the indicator with an insignificant revenue of 5$.
However on the final commerce, the reverse market motion was very speedy and went far sufficient, so the indicator, sadly, didn’t have time to warn about it.
Fig. 6. AUDUSD SELL 0.16, OpenPrice = 0.63716, StopLoss = 0.63811, TakeProfit = 0.63410, Revenue = -$15.
The commerce closed within the detrimental, and the loss amounted to fifteen$.
Wednesday, Thursday and Friday confirmed that the market was in a deep useless zone, and there have been no extra trades opened on the asset.
Outcomes:
So, there have been 6 trades over the last buying and selling week. Three of them had been worthwhile and three had been unprofitable. Within the Owl Good Ranges technique, the profitability of every worthwhile commerce far exceeds the scale of the dropping one, so the ultimate desk appears fairly favorable.
We’ll see how the buying and selling will seem like and the way the market will behave, in addition to what trades will likely be provided to us to open Owl Good Ranges on Monday, in the course of the upcoming buying and selling week.
See different opinions of the Owl Good Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
