At this time I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from October 9 to 13, 2023. There have been a complete of seven trades opened in all foreign money pairs.
For comfort and well timed receipt of alerts I exploit the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern route of the upper timeframe.
EURUSD evaluation
The primary commerce on the asset was opened on the sign of the Owl Good Ranges indicator on Tuesday at 14:45. The commerce was closed on the well timed sign of the reversal of the indicator’s huge arrow in regards to the change of the market route, bringing revenue of about 19$.
Fig. 1. EURUSD BUY 0.07, OpenPrice = 1.05752, StopLoss = 1.05535, TakeProfit = 1.06456, Revenue = $18.94.
The second commerce on this foreign money pair was opened on Friday at 15:30 and closed in line with the rule that every one trades must be closed on the present value at 16:00 GMT on Friday. This commerce additionally introduced a revenue of 37$.
Fig. 2. EURUSD SELL 0.09, OpenPrice = 1.05406, StopLoss = 1.05578, TakeProfit = 1.04852, Revenue = $37.15.
GBPUSD evaluation
The primary commerce on the GBPUSD foreign money pair was opened on Tuesday at 15:15 and closed with revenue on the sign of the reversal of the arrow of the principle timeframe.
Fig. 3. GBPUSD BUY 0.06, OpenPrice = 1.22354, StopLoss = 1.22109, TakeProfit = 1.23146, Revenue = $31.47
The second commerce on this foreign money pair was opened on Friday at 12:15. The commerce was closed at StopLoss with a lack of 15$.
Fig. 4. GBPUSD BUY 0.10, OpenPrice = 1.21995, StopLoss = 1.21841, TakeProfit = 1.22493, Revenue = -$15.
AUDUSD evaluation
The primary commerce on this asset was opened on Monday at 14:00 however it was closed at StopLoss, bringing a lack of $17.50.
Fig. 5. AUDUSD BUY 0.13, OpenPrice = 0.64037, StopLoss = 0.63902, TakeProfit = 0.64473, Revenue = -$17.50.
The second commerce was opened on Wednesday at 18:30 and in addition closed at StopLoss. Based on the Cash administration rule, the chance was elevated by 0.25% as a result of the earlier commerce closed with a loss.
Fig. 6. AUDUSD BUY 0.19, OpenPrice = 0.64095, StopLoss = 0.63990, TakeProfit = 0.64433, Revenue = -$20.
The third commerce on this foreign money pair was opened on Friday at 10:30. Simply as within the earlier commerce, the chance was elevated by one other 0.25% by following the Cash administration rule. This time the commerce was closed by TakeProfit bringing a revenue of 72$
Fig. 7 AUDUSD BUY 0.25, OpenPrice = 0.63243, StopLoss = 0.63334, TakeProfit = 0.62951, Revenue = $72.20.
Outcomes:
There have been 7 trades over the last buying and selling week. 4 of them had been worthwhile and three had been unprofitable. The general stability of the week’s buying and selling is constructive. The detailed result’s introduced within the remaining desk.
We’ll see how the buying and selling will appear like and the way the market will behave, in addition to what trades will probably be provided to us to open Owl Good Ranges on Monday, throughout the upcoming buying and selling week.
See different critiques 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.
