At the moment 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 September 22 to 29, 2023. There have been a complete of 11 trades opened in all foreign money pairs. The Owl Sensible Ranges indicator traded many of the foreign money pairs downward in opposition to the greenback. Basically, the buying and selling turned out to be fairly fashionable, which is favorable for working with our indicator.
For comfort and well timed receipt of alerts I take advantage of the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development path of the upper timeframe.
EURUSD overview
The Owl Sensible Ranges indicator gave the primary sign to open a commerce on EURUSD on Monday afternoon.
Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.06410, StopLoss = 1.06521, TakeProfit = 1.06050, Revenue = $48.65.
Having discovered a profitable entry level on the downward development, Owl Sensible Ranges supplied to open a commerce, which closed at TakeProfit and introduced a revenue of 48$.
On Tuesday, the market spent virtually the entire day within the useless zone, and the subsequent commerce passed off solely on Wednesday night.
Fig. 2. EURUSD SELL 0.11, OpenPrice = 1.05091, StopLoss = 1.05230, TakeProfit = 1.04641, Revenue = $0.43.
The commerce needed to be closed by the sign of the large indicator arrow reversal and the loss was prevented in time with the “revenue” of some cents.
On Thursday the market was largely within the useless zone, and the final commerce on the asset was opened on Friday in the course of the working day, this time for getting.
Fig. 3. EURUSD BUY 0.09, OpenPrice = 1.07249, StopLoss = 1.07392, TakeProfit = 1.06785, Revenue = -$3.70.
The commerce, in addition to the earlier one, needed to be closed on the indicator sign with a lack of a number of {dollars}.
GBPUSD overview
The Owl Sensible Ranges indicator instructed opening the primary commerce on the asset on Monday afternoon.
Fig. 4. GBPUSD SELL 0.10, OpenPrice = 1.22344, StopLoss = 1.22487, TakeProfit = 1.21880, Revenue = $24.44.
This commerce was closed fairly efficiently. Although it needed to be closed by the indicator sign concerning the change of buying and selling path, in the mean time of its closing the commerce was in a position to deliver a revenue of 24$.
The following commerce, additionally on the market, was opened on Tuesday morning.
Fig. 5. GBPUSD SELL 0.10, OpenPrice = 1.21900, StopLoss = 1.22048, TakeProfit = 1.21422, Revenue = $48.45.
Right here, as they are saying in sports activities, a “clear victory” was achieved and the commerce was closed by TakeProfit, bringing the long-awaited and acquainted revenue of 48$. After that the Owl Sensible Ranges indicator repeated this success as soon as once more.
Fig. 6. GBPUSD SELL 0.12, OpenPrice = 1.21501, StopLoss = 1.21629, TakeProfit = 1.21089, Revenue = $48.28.
The commerce was additionally classically closed by TakeProfit and introduced the identical optimistic results of 48$.
Thursday the market spent more often than not within the useless zone. Sadly, the collection of optimistic trades was interrupted, and the final commerce on this asset, opened for getting on Friday afternoon, turned out to be unprofitable.
Fig. 7. GBPUSD BUY 0.09, OpenPrice = 1.22441, StopLoss = 1.22279, TakeProfit = 1.22967 Revenue = -$15.
And even the delayed sign of the large arrow reversal, which is kind of uncommon, didn’t assist right here. Subsequently, the end result amounted to minus 15$.
AUDUSD overview
All trades in AUDUSD have been for promoting, and the primary one was opened on Monday morning.
Fig. 8. AUDUSD SELL 0.28, OpenPrice = 0.64215, StopLoss = 0.64268, TakeProfit = 0.64041, Revenue = -$15.
Having happy with two profitable trades in a row, the indicator missed a small collection of two shedding trades with out giving a well timed sign. The commerce additionally introduced a lack of 15$. The indicator opened the subsequent commerce within the night of the identical day.
Fig. 9. AUDUSD SELL 0.18, OpenPrice = 0.64187, StopLoss = 0.64286, TakeProfit = 0.63869, Revenue = -$7.25.
Right here, lastly, the large arrow of the indicator clearly labored, and the commerce was closed comparatively on time with a lack of 7$.
On Tuesday morning a brand new commerce was opened, additionally on sale.
Fig. 10. AUDUSD SELL 0.11, OpenPrice = 0.64120, StopLoss = 0.64281, TakeProfit = 0.63600, Revenue = -$4.02.
The massive arrow of the indicator warned in time concerning the necessity to shut this commerce, and the loss on it amounted to solely 4$.
On Wednesday afternoon the final commerce on the asset was opened.
Fig. 11. AUDUSD SELL 0.19, OpenPrice = 0.63716, StopLoss = 0.63811, TakeProfit = 0.63410, Revenue = -$17.50.
The screenshot reveals that there’s a wrestle of positions on the degree of about 0.63800 and the market is decided with the path of motion. Sadly, the indicator on this scenario didn’t handle to sign in time to cancel the commerce, and it price us minus 17.50$. However by this second, as an instance, trying forward, that the Owl Sensible Ranges indicator has already earned greater than 100$.
On Thursday the market was within the useless zone, and on Friday there have been no trades on the asset as nicely.
Outcomes:
So, 11 trades have been made over the last buying and selling week. 5 of them have been worthwhile and 6 have been unprofitable. It may be famous that the market favorably modified in its development motion, and it allowed the Owl Sensible Ranges indicator to return to the “design capability”.Subsequently, the ultimate desk seems fairly optimistic.
We’ll see how the buying and selling will appear to be and the way the market will behave, in addition to what trades might be supplied to us to open Owl Sensible Ranges on Monday, in the course of 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.
