Right this moment I current you an summary of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from December 18 to 22, 2023.
For comfort and well timed receipt of indicators I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the pattern route of the upper timeframe.
EURUSD overview
The primary and the one commerce on this foreign money pair was opened on the sign of the Owl Sensible Ranges indicator at 15:30 on the final buying and selling session of the week and closed in keeping with the rule of closing all trades on Friday after 16:00 GMT, bringing an insignificant revenue.
Fig. 1. EURUSD BUY 0.30, OpenPrice = 1.10096, StopLoss = 1.09925, TakeProfit = 1.10650, Revenue = $0.88.
GBPUSD overview
The primary commerce on this foreign money pair was opened on the Owl sign on Wednesday at 15:30 and closed at StopLoss, bringing a lack of 15$.
Fig. 2. GBPUSD SELL 0.09, OpenPrice = 1.26597, StopLoss = 1.26787, TakeProfit = 1.25981, Revenue = -$15.
The second commerce on this monetary instrument occurred on the identical day at 19:45 and was closed by TakeProfit with a revenue of 64$.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.2669, StopLoss = 1.26806, TakeProfit = 1.26340, Revenue = $64.73.
The third commerce on this asset occurred on Thursday at 12:00 and was closed at StopLoss, bringing a lack of 17$.
Fig. 4. GBPUSD SELL 0.09, OpenPrice = 1.26333, StopLoss = 1.26468, TakeProfit = 1.25895, Revenue = -$17.50.
AUDUSD overview
The primary commerce on this foreign money pair was opened on the Owl sign on Monday at 12:30 and closed at StopLoss, bringing a lack of 15$.
Fig. 5. AUDUSD BUY 0.13, OpenPrice = 0.67229, StopLoss = 0.67158, TakeProfit = 0.67459, Revenue = -$15.
The second commerce on this monetary instrument occurred on Thursday at 19:00 and was closed in keeping with the rule of closing all offers after 21:00 GMT, bringing a revenue of 34$.
Fig. 6. AUDUSD BUY 0.14, OpenPrice = 0.67791, StopLoss = 0.67684, TakeProfit = 0.68315, Revenue = $34.35.
Outcomes:
There have been 6 trades over the past buying and selling week, the full steadiness is optimistic. Buying and selling utilizing the Owl Sensible Ranges indicator and the technique developed on its foundation throughout the 12 months nearly all the time stays within the optimistic zone, with uncommon exceptions. This is because of a number of rules integrated into the indicator throughout its growth. One in all them is to decide on the buying and selling route when the worth motion vector coincides on the primary and two auxiliary, increased timeframes. This corresponds to the traditional buying and selling postulate “Development is your buddy” and considerably will increase the chance of a worthwhile commerce. This week buying and selling with the Owl Sensible Ranges indicator gave a superb end result – 5.2% return on deposit for the week.The detailed knowledge is within the remaining desk.
We’ll see how the buying and selling will seem like and the way the market will behave, in addition to what trades might be supplied to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
