Right now 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 January 8 to 12, 2024.
For comfort and well timed receipt of indicators I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern course of the upper timeframe.
EURUSD evaluate
The primary commerce on this forex pair was opened on the sign of the Owl Sensible Ranges indicator on Monday at 09:00 and was closed based on the rule of the arrow reversal of the primary timeframe with a revenue of three$.
Fig. 1. EURUSD SELL 0.18, OpenPrice = 1.09438, StopLoss = 1.09523, TakeProfit = 1.09164, Revenue = $3.53.
The second commerce on this monetary instrument occurred on Tuesday at 19:15 and closed based on the rule of closing all trades at 23:00 (terminal time) with a revenue of seven$.
Fig. 2. EURUSD SELL 0.10, OpenPrice = 1.09349, StopLoss = 1.09504, TakeProfit = 1.08847, Revenue = $7.45.
The third commerce on this forex pair occurred on Thursday at 21:00 and closed based on the rule of closing all trades at 23:00 (terminal time), bringing a revenue of some cents.
Fig. 3. EURUSD SELL 0.06, OpenPrice = 1.09717, StopLoss = 1.09979, TakeProfit = 1.08871, Revenue = $0.57.
GBPUSD evaluate
The primary and the one commerce on this forex pair was opened on the Owl sign on Thursday at 09:45 and closed at StopLoss with a lack of 15$.
Fig. 4. GBPUSD BUY 0.27, OpenPrice = 1.27642, StopLoss = 1.27587, TakeProfit = 1.27822, Revenue = -$15.
AUDUSD evaluate
The primary commerce on this forex pair was opened on the Owl sign on Monday at 16:30 and was closed at StopLoss, bringing a lack of 15$.
Fig. 5. AUDUSD SELL 0.18, OpenPrice = 0.66904, StopLoss = 0.66989, TakeProfit = 0.66628, Revenue = -$15.
The second commerce on this monetary instrument occurred on Wednesday at 19:30. In keeping with the technique, the commerce was opened with the next danger – 1.75%. The danger for the primary commerce is ready at 1.5% and if the commerce is closed with a loss, the danger is elevated by 0.25%. The commerce was closed based on the rule of the arrow reversal of the primary timeframe with a lack of nearly 9$.
Fig. 6. AUDUSD SELL 0.32, OpenPrice = 0.66940, StopLoss = 0.66995, TakeProfit = 0.66762, Revenue = -$8.91.
The third commerce on this forex pair occurred on Friday at 10:00. In keeping with the technique, the danger was elevated by one other 0.25% and amounted to 2%. The commerce was closed by TakeProfit, bringing a revenue of 65$.
Fig. 7. AUDUSD SELL 0.29, OpenPrice = 0.67060, StopLoss = 0.67130, TakeProfit = 0.66832, Revenue = $65.14.
Outcomes:
There have been 7 trades over the past buying and selling week, the overall stability is optimistic. All of the week buying and selling was in a sideways hall, the market couldn’t select the course of its motion. On this tough buying and selling state of affairs, the Owl Sensible Ranges indicator and the buying and selling system developed on its foundation, once more confirmed their effectivity when utilizing them in buying and selling and introduced an excellent revenue of three.8% return on deposit for the week.The detailed information is 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 will likely be provided to us to open Owl Sensible Ranges on Monday, throughout the upcoming buying and selling week.
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.
