At the moment I current you an summary of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from January 22 to 26, 2024.
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 substantiate the pattern course of the upper timeframe.
EURUSD overview
The primary and the one commerce on this forex pair was opened on the sign of the Owl Good Ranges indicator on Friday at 16:15 and, sadly, was closed at StopLoss with a lack of 15$.
Fig. 1. EURUSD BUY 0.13, OpenPrice = 1.08667, StopLoss = 1.08555, TakeProfit = 1.09031, Revenue = -$15.
AUDUSD overview
The primary commerce on this forex pair was opened on the Owl sign on Monday at 15:30 and was closed at StopLoss with a lack of 15$.
Fig. 2. AUDUSD BUY 0.23, OpenPrice = 0.65866, StopLoss = 0.65801, TakeProfit = 0.66076, Revenue = -$15.
The second commerce on this monetary instrument occurred on Wednesday at 16:45. In response to the technique, the commerce was opened with the next danger of 1.75%. The danger for the primary commerce is about at 1.5% and if the commerce is closed with a loss, the chance is elevated by 0.25%. The commerce was closed at StopLoss, bringing a lack of 17$.
Fig. 3. AUDUSD BUY 0.17, OpenPrice = 0.66017, StopLoss = 0.65915, TakeProfit = 0.66347, Revenue = -$17.50.
There have been no trades on GBPUSD this week.
Outcomes:
There have been 3 trades over the last buying and selling week, the whole stability is adverse. The forex market is buying and selling in a sideways hall and can’t select the course of its growth. All that is mirrored in indicators, advisors and buying and selling programs. For the primary time in lots of weeks the Owl Good Ranges indicator and the buying and selling system developed on its foundation confirmed adverse outcomes. There’s a excessive likelihood, based mostly on the lengthy earlier statistics of statement of the indicator’s operation, that after the stabilization of the forex market the indicator will once more present its effectiveness and can deliver revenue.The detailed knowledge are within the ultimate desk.
We are going to 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 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.
