Nowadays I provide you an summary of trades made the usage of the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from October 2 to six, 2023. There have been a complete of five trades opened in all forex pairs. The Owl Sensible Ranges indicator traded forex pairs each for purchasing and promoting, because the marketplace was once transferring in numerous instructions, which affected the end result. However let’s discuss the entirety so as.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible Ranges Indicator. The principle buying and selling time frame is M15, whilst the H1 and H4 timeframes are used to substantiate the rage path of the upper time frame.
EURUSD evaluation
The marketplace spent Monday within the lifeless zone. The primary sign to open a business on EURUSD was once given via the Owl Sensible Ranges indicator on Tuesday afternoon.
Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.04791, StopLoss = 1.04902, TakeProfit = 1.04433, Benefit = $9.05
The marketplace has modified its path, and the large arrow of the indicator indicated it via its reversal in time. That is why there was once a small benefit of 9$.
There have been not more trades at the asset.
GBPUSD evaluation
GBPUSD additionally spent Monday within the lifeless zone, in addition to EURUSD.
The Owl Sensible Ranges indicator instructed opening the primary business at the asset for promoting on Tuesday afternoon.
Fig. 2. GBPUSD SELL 0.09, OpenPrice = 1.20785, StopLoss = 1.20955, TakeProfit = 1.20235, Benefit = -$12.18
The marketplace path has modified dynamically, so the indicator gave a sign about it slightly later than we would really like. The business was once closed with a loss.
The marketplace spent Thursday most commonly within the lifeless zone, however one business was once opened in the course of the day.
Fig. 3. GBPUSD SELL 0.09, OpenPrice = 1.22344, StopLoss = 1.22487, TakeProfit = 1.21880, Benefit = -$15.
As soon as once more, the volatility on GBPUSD didn’t permit the indicator to sign upfront, and the business closed with a loss.
AUDUSD evaluation
It sounds as if conventional for the ultimate buying and selling week, on Monday there was once a lifeless zone on AUDUSD. The primary business was once opened on Thursday morning.
Fig. 4. AUDUSD BUY 0.07, OpenPrice = 0.63422, StopLoss = 0.63217, TakeProfit = 0.64084, Benefit = -$3.51.
Right here the indicator gave a sign concerning the trade of the marketplace path upfront, and the loss was once minimum.
And the ultimate business was once opened on the very finish of the buying and selling consultation on Friday, actually “at the flag”, as chess gamers say.
Fig. 5. AUDUSD BUY 0.17, OpenPrice = 0.63838, StopLoss = 0.63752, TakeProfit = 0.64118, Benefit = $3.84.
The business needed to be closed briefly so as to not elevate positions in the course of the weekend consistent with the principles of buying and selling within the Owl Sensible Ranges technique.
Effects:
So, there have been 5 trades all through the ultimate buying and selling week. Two of them had been successful and 3 had been unprofitable. Sadly, the marketplace volatility didn’t permit to expand the luck that we had the week ahead of ultimate, so we needed to retreat, and the end result within the ultimate desk displays a small minus.
We will be able to see how the buying and selling will seem like and the way the marketplace will behave, in addition to what trades shall be introduced to us to open Owl Sensible Ranges on Monday, all through the impending buying and selling week.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, practice me and do not omit extra helpful equipment for successful buying and selling on Forex.