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Right now I current you an outline of offers made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from 13 to 17 February, 2023.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development course of the upper timeframe.
EURUSD trades.
The week for the EURUSD pair started within the lifeless zone, which lasted till the night of February 15, and shortly closed with a unfavorable steadiness. In response to the technique I open the subsequent commerce with the next threat. I set threat 1.5% for the primary order and, if the deal closed with a loss, I open the subsequent order with 1.75% threat per one commerce.
Determine 1. EURUSD SELL 0.15, OpenPrice=1.0677, StopLoss=1.0687, TakeProfit=1.0643, Revenue=-15$
The subsequent sign appeared the next day, instantly after the change of the course within the sign indicator. The market shortly moved to the restrict order after which at nearly the identical velocity rushed to TakeProfit. The intermediate end result for EURUSD is +46$.
Determine 2. EURUSD SELL 0.21, OpenPrice=1.0710, StopLoss=1.0722, TakeProfit=1.0668, Revenue=+61$
Nonetheless, I ignored the subsequent entry sign as a result of there’s a rule:
Ignore the sign if it got here sooner than 10 candles after the earlier commerce was closed.
There have been no extra offers at EURUSD this week. There have been some indicators to put a pending order however they had been cancelled by a brand new sign and indicator reversal on the sign timeframe. Within the afternoon on Friday the market moved to the lifeless zone.
GBPUSD trades.
The week began within the lifeless zone for the British pound which implies a prohibition to commerce till the upper timeframes start to indicate the identical course. By Monday night all timeframes began to indicate the identical upward course and the primary sign to enter appeared. The order was closed with a loss on the reverse sign of the Valable ZigZag Indicator.
Determine 3. GBPUSD BUY 0.15, OpenPrice=1.2134, StopLoss=1.2124, TakeProfit=1.2168, Revenue=-15$
The subsequent commerce was opened on a pointy leap in worth on the information. It might have closed on a cease on a pointy leap in worth however the market didn’t catch the cease and actually inside a few minutes the commerce was closed with a revenue.
Determine 4. GBPUSD BUY 0.07, OpenPrice=1.2161, StopLoss=1.2136, TakeProfit=1.2244, Revenue=+58$
After the announcement of the Shopper Worth Index in the USA, the market fluctuated for a very long time in numerous instructions, the Valable ZigZag started to indicate downward, and it was not attainable to enter the market. The entry sign appeared solely on the night of February 15 and the commerce was closed with a loss.
Having handed via the lifeless zone and multidirectional indicators, the promote sign was obtained on Friday morning. The commerce barely missed the StopLoss (2 pips) and was closed with revenue inside an hour.
Determine 5. Рисунок 5. GBPUSD SELL 0.16, OpenPrice=1.1949, StopLoss=1.19586, TakeProfit=1.1916, Revenue=+52$
Then one commerce was not taken into consideration utilizing the beforehand described 10 candles rule and the market entered the lifeless zone.
AUDUSD trades.
The Australian greenback this week began from the lifeless zone, got here out of it in a short time and fashioned a sign. We didn’t take this sign into consideration due to the rule:
—> Ignore indicators obtained earlier than 8:00 GMT on Monday.
After that the market entered the lifeless zone and the worth was fluctuating there until Wednesday. The primary deal was attainable to get solely on Wednesday night however in addition to at different pairs, the deal was closed with a loss on Wednesday.
Determine 6. AUDUSD SELL 0.10, OpenPrice=0.6888, StopLoss=0.6903, TakeProfit=0.6840, Revenue=-15$
The second deal on AUDUSD was additionally closed with a loss. Not a great week for the Australian greenback. Results of the week: -33$.
Although the quantity of unfavorable trades was greater than the quantity of optimistic ones this week the full result’s +$108. That is achieved by the truth that the technique has a a lot bigger TakeProfit than the StopLoss. Subsequently, even in case you make 30% optimistic trades you’ll not make a loss however will stay in revenue.
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
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