At present I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from June 5 to 9, 2023.
For comfort and well timed receipt of alerts I take advantage of 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 route of the upper timeframe.
There have been 4 open trades in complete, they usually came about on every forex pair. The Owl Good Ranges indicator did its job and indicated the useless zone as traditional, prompted to shut the trades manually on the reversal of the massive arrow on M15 timeframe and beneficial opening worthwhile trades.
EURUSD evaluation
On Monday the market was in useless zone all day lengthy, on Tuesday there have been no trades and the very first sign on EURUSD was given by the Owl Good Ranges indicator on Wednesday.
Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.06851, StopLoss = 1.06956, TakeProfit = 1.06513, Revenue = -$11.29.
The commerce went into minus, however losses, as nearly at all times, have been minimized with the assistance of the indicator large arrow, displaying a change within the route of the market.
There have been no trades on the asset on Thursday and Friday.
GBPUSD evaluation
After the useless zone that lasted all through Monday, the Owl Good Ranges indicator instructed opening a commerce for getting GBPUSD asset on Thursday.
Fig. 2. GBPUSD BUY 0.38, OpenPrice = 1.2446, StopLoss = 1.24421, TakeProfit = 1.24588, Revenue = $49.23.
The commerce was accomplished in a classical manner and shortly closed at TakeProfit stage in about an hour after it was opened.
The second commerce was additionally opened on Thursday, additionally for getting and likewise was profitable, however lasted for much longer.
Fig. 3. GBPUSD BUY 0.10, OpenPrice = 1.24564, StopLoss = 1.24412, TakeProfit = 1.25054, Revenue = $48.36.
The commerce was closed by TakeProfit and it introduced a great revenue.
There have been no trades on this asset on Friday.
AUDUSD evaluation
Just one commerce was opened on AUDUSD, in addition to on EURUSD. The indicator has instructed to open it for getting on Thursday.
Fig. 4. AUDUSD BUY 0.28, OpenPrice = 0.67095, StopLoss = 0.67042 TakeProfit = 0.67267, Revenue = –$11.04.
The commerce turned out to be unprofitable, and it needed to be closed shortly after the reversal of the massive arrow of the indicator, minimizing the loss.
So, final week solely Four trades have been opened, one for promoting and three for getting. Two trades have been closed by TakeProfit with good revenue and in two instances the indicator gave a well timed immediate to shut them manually to reduce the losses.
Outcomes:
So, after the modest earnings of the week earlier than final the buying and selling outcomes look way more optimistic. The outcomes are fairly passable. Let’s examine what the following buying and selling week will carry and what trades the Owl Good Ranges indicator will supply to us.
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.
