At present I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from December 11 to 15, 2023.
For comfort and well timed receipt of alerts I exploit the Owl Good 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
The primary commerce on this foreign money pair was opened by the sign of the Owl Good Ranges indicator on Monday at 08:30 and closed by TakeProfit, bringing a revenue of 48$.
Fig. 1. EURUSD SELL 0.30, OpenPrice = 1.07682, StopLoss = 1.07732, TakeProfit = 1.07520, Revenue = $48.60.
The second commerce on this monetary instrument occurred on Wednesday at 14:00 and closed this time at StopLoss, bringing a lack of 15$.
Fig. 2. EURUSD SELL 0.20, OpenPrice = 1.07846, StopLoss = 1.07921, TakeProfit = 1.07602, Revenue = -$15.
GBPUSD evaluate
The primary and the one commerce on this foreign money pair was opened by the Owl sign on Wednesday at 18:30 and closed in keeping with the rule of liquidation of all trades after 19:00 GMT (21:00 terminal time), bringing a revenue of 21$.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.25309, StopLoss = 1.25472, TakeProfit = 1.24783, Revenue = $21.35.
AUDUSD evaluate
The primary commerce on this foreign money pair was opened by the Owl sign on Thursday at 15:00 and was closed at StopLoss, bringing a lack of 15$.
Fig. 4. AUDUSD BUY 0.13, OpenPrice = 0.64005, StopLoss = 0.66893, TakeProfit = 0.67369, Revenue = -$15.
The second commerce on this monetary instrument occurred on Wednesday at 14:00 and closed at StopLoss, bringing a lack of 17$.
Fig. 5. AUDUSD BUY 0.14, OpenPrice = 0.67055, StopLoss = 0.66934, TakeProfit = 0.67445, Revenue = -$17.50.
Outcomes:
There have been 5 trades over the past buying and selling week. The Owl Good Ranges indicator and the technique developed on its foundation confirmed a modest end result, however the general stability remained constructive. Nobody indicator or technique can consistently generate income, particularly vital ones, as a result of variability and excessive volatility of Forex. The stability obtained utilizing alerts from the Owl Good Ranges indicator virtually at all times stays within the constructive zone. That is facilitated by the time-tested ideas of buying and selling, embedded in it. Competent cash or threat administration, built-in in a balanced approach into the buying and selling technique, additionally performs an essential function.The detailed knowledge are within the last 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 can be supplied to us to open Owl Good Ranges on Monday, throughout the upcoming buying and selling week.
See different opinions 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.