At present I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from January 22 to 26, 2024.
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 development path of the upper timeframe.
EURUSD evaluation
The primary and the one commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator on Friday at 16:15 and, sadly, was closed at StopLoss with a lack of 15$.
Fig. 1. EURUSD BUY 0.13, OpenPrice = 1.08667, StopLoss = 1.08555, TakeProfit = 1.09031, Revenue = -$15.
AUDUSD evaluation
The primary commerce on this forex pair was opened on the Owl sign on Monday at 15:30 and was closed at StopLoss with a lack of 15$.
Fig. 2. AUDUSD BUY 0.23, OpenPrice = 0.65866, StopLoss = 0.65801, TakeProfit = 0.66076, Revenue = -$15.
The second commerce on this monetary instrument occurred on Wednesday at 16:45. Based on the technique, the commerce was opened with the next danger of 1.75%. The chance for the primary commerce is ready at 1.5% and if the commerce is closed with a loss, the danger is elevated by 0.25%. The commerce was closed at StopLoss, bringing a lack of 17$.
Fig. 3. AUDUSD BUY 0.17, OpenPrice = 0.66017, StopLoss = 0.65915, TakeProfit = 0.66347, Revenue = -$17.50.
There have been no trades on GBPUSD this week.
Outcomes:
There have been 3 trades over the last buying and selling week, the whole stability is destructive. The forex market is buying and selling in a sideways hall and can’t select the path of its growth. All that is mirrored in indicators, advisors and buying and selling techniques. For the primary time in lots of weeks the Owl Good Ranges indicator and the buying and selling system developed on its foundation confirmed destructive outcomes. There’s a excessive chance, primarily based on the lengthy earlier statistics of commentary of the indicator’s operation, that after the stabilization of the forex market the indicator will once more present its effectiveness and can deliver revenue.The detailed information are within the ultimate desk.
We are going to see how the buying and selling will seem like and the way the market will behave, in addition to what trades shall be supplied 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, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
