At present 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 16 to twenty, 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 substantiate the development course of the upper timeframe.
EURUSD assessment
The primary and the one commerce on this foreign money pair was opened on the sign of the Owl Sensible Ranges indicator on Wednesday at 10:15 and closed on the reversal of the arrow of the principle timeframe, which restricted the loss within the quantity of 5$.
Fig. 1. EURUSD BUY 0.07, OpenPrice = 1.05726, StopLoss = 1.05597, TakeProfit = 1.06142, Revenue = -$4.88
GBPUSD assessment
The primary commerce on the asset was opened on Monday at 14:15, however closed at StopLoss bringing a lack of 15$.
Fig. 2. GBPUSD SELL 0.11, OpenPrice = 1.21636, StopLoss = 1.21769, TakeProfit = 1.21024, Revenue = -$15.
The second commerce on this foreign money pair was opened on Tuesday at 17:00. In response to the technique guidelines, the subsequent commerce was opened with a better danger, 1.75%. The chance for the primary commerce was set at 1.5%, and because the first commerce closed with a loss, the danger of 0.25% was added. Sadly, this commerce was additionally closed at StopLoss bringing a lack of 17$.
Fig. 3. GBPUSD SELL 0.08, OpenPrice = 1.21679, StopLoss = 1.21901, TakeProfit = 1.20963, Revenue = -$17.50.
The third commerce was opened on Thursday at 14:00. The chance was additional elevated by 0.25%, following the Owl buying and selling technique, and amounted to 2%. The commerce, in addition to the primary two on this foreign money pair, was closed at StopLoss, bringing a lack of 20$.
Fig. 4. GBPUSD SELL 0.10, OpenPrice = 1.21231, StopLoss = 1.21441, TakeProfit = 1.20551, Revenue = -$20.
There have been no trades in AUDUSD this week.
Outcomes:
Final buying and selling week there have been 4 trades, the entire stability is unfavourable. It ought to be famous that there’s not a single buying and selling technique that’s at all times utterly constructive. It occurs due to the market volatility. The market this week moved with out a well-defined development, with elevated volatility. Maybe, a reversal of the principle course is anticipated. It’s particularly noticeable on the foreign money pair GBPUSD, which is the foreign money pair that had the principle loss throughout buying and selling. The effectiveness of the indicator and the buying and selling technique based mostly on it may be established solely by testing or commentary for an extended time frame. Regardless of this unprofitable week, the Owl Sensible Ranges indicator and the technique present fairly a profitable end result for the present yr.Detailed knowledge are within the closing desk.
We’ll see how the buying and selling will seem like and the way the market will behave, in addition to what trades can be supplied to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
