Immediately I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from October 2 to six, 2023. There have been a complete of 5 trades opened in all forex pairs. The Owl Good Ranges indicator traded forex pairs each for getting and promoting, because the market was transferring in several instructions, which affected the consequence. However let’s discuss all the things so as.
For comfort and well timed receipt of indicators I exploit the Owl Good Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the development course of the upper timeframe.
EURUSD overview
The market spent Monday within the lifeless zone. The primary sign to open a commerce on EURUSD was given by the Owl Good Ranges indicator on Tuesday afternoon.
Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.04791, StopLoss = 1.04902, TakeProfit = 1.04433, Revenue = $9.05
The market has modified its course, and the massive arrow of the indicator indicated it by its reversal in time. That is why there was a small revenue of 9$.
There have been no extra trades on the asset.
GBPUSD overview
GBPUSD additionally spent Monday within the lifeless zone, in addition to EURUSD.
The Owl Good Ranges indicator steered opening the primary commerce on the asset for promoting on Tuesday afternoon.
Fig. 2. GBPUSD SELL 0.09, OpenPrice = 1.20785, StopLoss = 1.20955, TakeProfit = 1.20235, Revenue = -$12.18
The market course has modified dynamically, so the indicator gave a sign about it a bit later than we wish. The commerce was closed with a loss.
The market spent Thursday principally within the lifeless zone, however one commerce was opened in the course of the day.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.22344, StopLoss = 1.22487, TakeProfit = 1.21880, Revenue = -$15.
As soon as once more, the volatility on GBPUSD didn’t enable the indicator to sign prematurely, and the commerce closed with a loss.
AUDUSD overview
Apparently conventional for the final buying and selling week, on Monday there was a lifeless zone on AUDUSD. The primary commerce was opened on Thursday morning.
Fig. 4. AUDUSD BUY 0.07, OpenPrice = 0.63422, StopLoss = 0.63217, TakeProfit = 0.64084, Revenue = -$3.51.
Right here the indicator gave a sign concerning the change of the market course prematurely, and the loss was minimal.
And the final commerce was opened on the very finish of the buying and selling session on Friday, actually “on the flag”, as chess gamers say.
Fig. 5. AUDUSD BUY 0.17, OpenPrice = 0.63838, StopLoss = 0.63752, TakeProfit = 0.64118, Revenue = $3.84.
The commerce needed to be closed rapidly so as to not carry positions by the weekend in accordance with the principles of buying and selling within the Owl Good Ranges technique.
Outcomes:
So, there have been 5 trades over the past buying and selling week. Two of them had been worthwhile and three had been unprofitable. Sadly, the market volatility didn’t enable to develop the success that we had the week earlier than final, so we needed to retreat, and the consequence within the remaining desk reveals a small minus.
We are going to see how the buying and selling will appear like and the way the market will behave, in addition to what trades shall be provided to us to open Owl Good Ranges on Monday, in the course of the upcoming buying and selling week.
See different evaluations 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.
