At this time I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from October 30 to November 3, 2023.
For comfort and well timed receipt of indicators 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 overview
The primary commerce on this foreign money pair was opened on Tuesday at 15:00 by the sign of the Owl Good Ranges indicator and closed at StopLoss, bringing a lack of 15$.
Fig. 1. EURUSD BUY 0.05, OpenPrice = 1.0622, StopLoss = 1.05899, TakeProfit = 1.07258, Revenue = -$15.
The second commerce on this asset was opened the subsequent day on Wednesday at 14:15. In line with the technique guidelines, the subsequent commerce was opened with a better danger, 1.75%, as the primary commerce was closed with a loss. This commerce was closed in the identical means as the primary one, at StopLoss, bringing a lack of 17$.
Fig. 2. EURUSD SELL 0.35, OpenPrice = 1.05480, StopLoss = 1.05530, TakeProfit = 1.05320, Revenue = -$17.50.
GBPUSD overview
The primary commerce on this foreign money pair was opened on Monday at 11:00 by the Owl sign and closed at StopLoss with a lack of 15$.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.2116, StopLoss = 1.21324, TakeProfit = 1.20630, Revenue = -$15.
The second commerce on this asset was opened the subsequent day on Tuesday at 14:30. The danger was elevated by 0.25%, following the buying and selling technique Owl, and amounted to 1.75%. The commerce was closed in the identical means as the primary one, at StopLoss, bringing a lack of $17.
Fig. 4. GBPUSD BUY 0.08, OpenPrice = 1.21633, StopLoss = 1.21409, TakeProfit = 1.22359, Revenue = -$17.50.
The third commerce on this asset was opened on Thursday at 16:15. Following the buying and selling technique, the chance was elevated by one other 0.25%. The commerce was closed with a revenue of 17$.
Fig. 5. GBPUSD BUY 0.07, OpenPrice = 1.21812, StopLoss = 1.21545, TakeProfit = 1.22674, Revenue = $17.08.
The fourth commerce on this foreign money pair was opened on Friday at 9:15. Sadly, it was closed once more at StopLoss with a lack of 15$.
Fig. 6. GBPUSD BUY 0.54, OpenPrice = 1.22010, StopLoss = 1.21968, TakeProfit = 1.22148, Revenue = -$15.
AUDUSD overview
The primary commerce on this foreign money pair was opened on Monday at 18:15 and was quickly closed with a small revenue.
Fig. 7. AUDUSD BUY 0.017, OpenPrice = 6.63691, StopLoss = 0.63605, TakeProfit = 0.63697, Revenue = $10.29.
The second commerce on this asset was opened a day in a while Wednesday at 18:15. This commerce was lastly closed by TakeProfit, bringing a revenue of 48$.
Fig. 8. AUDUSD BUY 0.013, OpenPrice = 6.63448, StopLoss = 0.63310, TakeProfit = 0.63892, Revenue = $48.26.
The third commerce on this asset was opened on Friday at 11:00. Just like the earlier one, it closed by TakeProfit with revenue of just about 49$.
Fig. 9. AUDUSD BUY 0.019, OpenPrice = 6.64345, StopLoss = 0.64267, TakeProfit = 0.64599, Revenue = $48.85
Outcomes:
Final buying and selling week 9 trades had been made. For the reason that center of the week there was a directional market motion. This had a constructive impact on the work of the Owl Good Ranges indicator, which makes use of a time-tested system of taking into consideration the route of value motion on a number of timeframes to open a commerce. The stability of this week is constructive. The detailed outcomes could be discovered within the closing desk.
We’ll see how the buying and selling will appear to be and the way the market will behave, in addition to what trades will likely be supplied to us to open Owl Good Ranges on Monday, in the course of the upcoming buying and selling week.
See different critiques of the Owl Good Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
