In the present day 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 January 15 to 19, 2024.
For comfort and well timed receipt of alerts I take advantage of the Owl Good Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the development path of the upper timeframe.
EURUSD evaluation
The primary and the one commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator on Monday at 14:00 and was closed in accordance with the rule of the reversal of the arrow of the primary timeframe with a revenue of two$.
Fig. 1. EURUSD SELL 0.12, OpenPrice = 1.09532, StopLoss = 1.09659, TakeProfit = 1.09122, Revenue = $2.24.
GBPUSD evaluation
The primary commerce on this forex pair was opened on the Owl sign on Thursday at 17:00 and was closed in accordance with the rule of the reversal of the arrow of the primary timeframe with a lack of $12.
Fig. 2. GBPUSD SELL 0.08, OpenPrice = 1.26767, StopLoss = 1.26948, TakeProfit = 1.26179, Revenue = -$12.27.
The second commerce on this monetary instrument occurred on Friday at 17:00. In line with the technique, the commerce was opened with a better danger – 1.75%. The danger for the primary commerce is about at 1.5% and if the commerce is closed with a loss, the danger is elevated by 0.25%. The commerce was closed at StopLoss, bringing a lack of 17$.
Fig. 3. GBPUSD BUY 0.22, OpenPrice = 1.26772, StopLoss = 1.26694, TakeProfit = 1.27024, Revenue = -$17.50.
AUDUSD evaluation
The primary commerce on this forex pair was opened on the Owl sign on Monday at 17:45 and closed in accordance with the rule of closing all trades at 23:00 (terminal time) with a revenue of 4$.
Fig. 4. AUDUSD SELL 0.23, OpenPrice = 0.66597, StopLoss = 0.66662, TakeProfit = 0.66387, Revenue = $4.85.
The second commerce on this monetary instrument occurred on Tuesday at 18:15 and closed, in addition to the primary commerce, in accordance with the rule of closing all trades at 23:00 (terminal time), bringing a revenue this time within the quantity of 32$.
Fig. 5. AUDUSD SELL 0.15, OpenPrice = 0.66063, StopLoss = 0.66166, TakeProfit = 0.65729, Revenue = $32.48.
Outcomes:
There have been 5 trades over the past buying and selling week, the whole steadiness is constructive. For the third week in a row this 12 months, the Owl Good 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 a modest revenue within the quantity of 1% return on deposit for the week. This means the steadiness of the indicator’s work. The detailed knowledge are within the closing 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 supplied to us to open Owl Good Ranges on Monday, in the course of the upcoming buying and selling week.
See different opinions of the Owl Good Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
