At present I current you an summary of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from November 20 to 24, 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 verify the development route of the upper timeframe.
EURUSD assessment
The primary commerce on this foreign money pair was opened on the sign of the Owl Sensible Ranges indicator on Monday at 13:15 and closed at TakeProfit, bringing a revenue of 48$.
Fig. 1. EURUSD BUY 0.15, OpenPrice = 1.09227, StopLoss = 1.09124, TakeProfit = 1.09561, Revenue = $48.64
The second commerce on this monetary instrument occurred a day in a while Wednesday at 10:30. Like the primary one, it was closed by TakeProfit, bringing a revenue of 48$.
Fig. 2. EURUSD SELL 0.11, OpenPrice = 1.09048, StopLoss = 1.09190, TakeProfit = 1.08590, Revenue = $48.38
GBPUSD assessment
The primary commerce on this foreign money pair was opened on the Owl sign solely on Thursday at 09:00 and closed at TakeProfit, bringing the following revenue of 48$.
Fig. 3. GBPUSD BUY 0.24, OpenPrice = 1.25057, StopLoss = 1.24994, TakeProfit = 1.25259, Revenue = $48.10
The second commerce on this monetary instrument occurred the following day on Friday at 09:15. Like the primary one, it closed at TakeProfit, bringing revenue once more within the quantity of 48$.
Fig. 4. GBPUSD BUY 0.18, OpenPrice = 1.25318, StopLoss = 1.25235, TakeProfit = 1.25584, Revenue = $48.07
AUDUSD assessment
The primary commerce on this foreign money pair was opened on the Owl sign solely on Thursday at 10:00 and closed in keeping with the rule of the reversal of the arrow of the primary timeframe, bringing a small revenue.
Fig. 5. AUDUSD SELL 0.16, OpenPrice = 0.65591, StopLoss = 0.65499, TakeProfit = 0.65889, Revenue = $7.50
The second commerce on this monetary instrument occurred the following day on Friday at 15:00 and was eradicated in keeping with the rule of closing all trades on Friday at 16:00 GMT, bringing a revenue of 35$.
Fig. 6. AUDUSD BUY 0.18, OpenPrice = 0.65631, StopLoss = 0.65547, TakeProfit = 0.65905, Revenue = $35
Outcomes:
There have been 6 trades over the past buying and selling week, and all of them closed with revenue. All main currencies traded with the Owl Sensible Ranges indicator continued to develop in opposition to the greenback this week. The market acquired a purposeful motion. All efficient indicators and buying and selling methods present the perfect outcomes on the trending market. The Owl Sensible Ranges indicator is not any exception. It responded completely to the directional, development motion of the market and confirmed a really first rate consequence – 23.6% return on deposit for every week.The detailed information are within the ultimate desk.
We’ll see how the buying and selling will appear to be and the way the market will behave, in addition to what trades shall be provided to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.
See different critiques 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.