At this time 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 April 10 to 14, 2023. After the vacations, the market appeared to be in a state of “restoration”, two days of the week have been virtually swallowed up by the “useless zone” and there weren’t many trades.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the pattern route of the upper timeframe.
EURUSD evaluate
Monday had solely a few unconfirmed indicators, Tuesday and Friday the market spent within the useless zone, and regardless of a number of indicators there have been no trades opened in accordance with the principles of working with indicator.
GBPUSD evaluate
There have been no indicators on Monday, and the market spent Tuesday within the useless zone. The sign, on which the commerce was opened, was acquired on Thursday. Nonetheless the deal was loss-making and was closed by StopLoss.
Fig. 1. GBPUSD BUY 0.28, OpenPrice = 1.24871, StopLoss = 1.24817, TakeProfit = 1.25047, Revenue = -$15.
The following commerce was additionally opened for purchasing and in addition failed, being closed by the market at StopLoss.
Fig.2. GBPUSD BUY 0.12, OpenPrice = 1.25146, StopLoss = 1.25006, TakeProfit = 1.25600, Revenue = -$17.50.
The market was within the useless zone on Friday.
AUDUSD evaluate
On AUDUSD forex pair a purchase commerce was opened on Wednesday. It needed to be closed “manually” after the massive arrow of the Owl Sensible Ranges indicator turned down, when market volatility elevated. The revenue was minimal.
Fig. 3. AUDUSD BUY 0.07, OpenPrice = 0.66873, StopLoss = 0.66653, TakeProfit = 0.67585, Revenue = $4.43
The final commerce this week, which was additionally opened for purchasing, was closed by TakeProfit and it has introduced a superb revenue, turning your complete buying and selling of the final week into the revenue.
Fig. 4. AUDUSD BUY 0.11, OpenPrice = 0.66989, StopLoss = 0.66853, TakeProfit = 0.67427, Revenue = $48.31
Outcomes:
After a superb revenue on trades opened due to the Owl Sensible Ranges indicator in February, on the pattern market, in March and April, on the worldwide flat market motion or “sideways” we are able to state a sure decline in profitability. The large arrow of the indicator typically turns round and trades should be closed “manually” in an effort to keep away from losses.
Nonetheless, with the TakeProfit dimension, greater than thrice the StopLoss dimension, buying and selling on the Owl Sensible Ranges indicator means that you can shut throughout such durations of market exercise each week with a comparatively small however nonetheless revenue!
See different evaluations of the Owl Sensible Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
