At the 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 Might 22 to 26, 2023.
For comfort and well timed receipt of alerts I exploit the Owl Sensible Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development route of the upper timeframe.
Trades had been made on every foreign money pair, and, trying forward, we are able to say that the buying and selling week closed on the plus facet. The Owl Sensible Ranges indicator did its job and indicated the lifeless zone as ordinary, prompted to shut the trades manually on the reversal of the massive arrow on M15 timeframe and really helpful opening worthwhile trades.
EURUSD evaluate
The market spent Monday within the lifeless zone. The Owl Sensible Ranges indicator has given the primary sign to open a commerce on EURUSD on Wednesday.
Fig. 1. EURUSD SELL 0.08, OpenPrice = 1.07770, StopLoss = 1.07948, TakeProfit = 1.07192, Revenue = -$15.
The commerce rapidly went into deficit when the shadow of the inexperienced candle briefly crossed the StopLoss stage.
The following commerce was opened at midday on Thursday, additionally for promoting.
Fig. 2. EURUSD SELL 0.15, OpenPrice = 1.07325, StopLoss = 1.07439, TakeProfit = 1.06955 Revenue = $7.68.
The commerce was closed in time on the reversal of the massive arrow of the Owl Sensible Ranges indicator, which allowed not solely to reduce losses, but in addition utterly prevented them, preserving a slight plus.
The market spent Friday steadily within the lifeless zone, and there have been no extra trades on the EURUSD asset.
GBPUSD evaluate
After a lifeless zone that lasted all through Monday, the Owl Sensible Ranges indicator instructed opening the commerce to promote the GBPUSD asset from the 1.24125 stage on Tuesday.
Fig. 3. GBPUSD SELL 0.06, OpenPrice = 1.24125, StopLoss = 1.24371, TakeProfit = 1.23327, Revenue = -$4.45.
The commerce was closed by the reversal of the massive arrow of the indicator and decreased the loss to $4.45.
Thus, the one commerce on GBPUSD final week introduced some losses.
AUDUSD evaluate.
Three trades had been opened on AUDUSD. A lot of the day on Monday the market was within the lifeless zone. However one commerce nonetheless was opened at that day.
Fig. 4. AUDUSD SELL 0.14, OpenPrice = 0.65750, StopLoss = 0.65839, TakeProfit = 0.65464, Revenue = -$8.43.
The commerce was unprofitable, however the loss was minimized by the massive arrow of the Owl Sensible Ranges indicator on the M15 timeframe.
The following commerce additionally turned out to be unprofitable, however the loss on it has not been minimized.
Fig. 5. AUDUSD SELL 0.31, OpenPrice = 0.66195, StopLoss = 0.66251, TakeProfit = 0.66013, Revenue = -$17.50.
The following commerce, opened on Wednesday for promoting Aussie greenback, has turned out to be worthwhile.
Fig. 6. AUDUSD SELL 0.18, OpenPrice = 0.66040, StopLoss = 0.66153, TakeProfit = 0.65674, Revenue = $64.78.
The commerce closed at TakeProfit stage and introduced good revenue.
One other commerce opened on Wednesday, like the primary one on AUDUSD, closed at StopLoss. The lengthy shadow of the inexperienced candle crossed the StopLoss for a short while, the indicator didn’t react to it.
Fig. 7. AUDUSD BUY 0.17, OpenPrice = 0.65750, StopLoss = 0.65839 TakeProfit = 0.65464, Revenue = -$15.
These losses had been compensated by the following commerce, opened on Thursday to promote the Australian greenback from 0.65338.
Fig. 8. AUDUSD BUY 0.20, OpenPrice = 0.65338, StopLoss = 0.65425, TakeProfit = 0.65056, Revenue = $56.72.
The commerce closed with TakeProfit and introduced fairly a superb revenue.
The market spent the second half of Friday within the lifeless zone, so there have been no extra trades on AUDUSD.
In abstract, solely 8 trades had been opened on the earlier buying and selling week, all of them had been for promoting. Three trades had been closed by StopLoss, one other three trades had been closed manually by the indicator in time to reduce losses and even to maintain a slight revenue, and two trades had been closed by TakeProfit with a superb revenue and made the entire week’s commerce.
Outcomes:
As we hoped, development buying and selling, to which we had been lastly capable of transfer with the market, turned out to be rather more profitable. The 7% return a public or personal financial institution can provide in a 12 months or 52 weeks, though with minimal danger, which remains to be there.
Let’s have a look at what the following buying and selling week will deliver, and how much trades the Owl Sensible Ranges indicator will provide to open.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
