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Right this moment I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from June 19 to 23, 2023.
For comfort and well timed receipt of indicators I take advantage of the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development course of the upper timeframe.
There have been few trades. One of many causes was that markets have been within the lifeless zone for fairly a very long time. A complete of 4 trades have been opened on two foreign money pairs. However, the Owl Sensible Ranges indicator has managed to do its job effectively and demonstrated fairly acceptable outcomes for 4 trades. However first issues first, let’s take a look at the figures.
EURUSD evaluation
The market spent the primary half of Monday, Tuesday and Wednesday within the lifeless zone. The second half of Thursday was the identical. So, it is not stunning that there have been no trades on the asset in the course of the earlier buying and selling week.
GBPUSD evaluation
The market spent the second half of Monday and a substantial a part of Tuesday within the lifeless zone. The indicator was capable of give a buying and selling sign to promote solely on Friday morning.
Fig. 1. GBPUSD SELL 0.07, OpenPrice = 1.27287, StopLoss = 1.27488, TakeProfit = 1.26637, Revenue = $7.61
The commerce was not closed for a very long time, however on the very finish of the buying and selling day the indicator warned of a change of course and the commerce was closed within the guide mode with a small revenue.
AUDUSD evaluation
The market spent about half of the day on Monday, Tuesday and Wednesday within the lifeless zone. Nonetheless, on Tuesday night the indicator nonetheless gave a promote sign on AUDUSD.
Fig. 2. AUDUSD SELL 0.09, OpenPrice = 0.67813, StopLoss = 0.67988, TakeProfit = 0.67247, Revenue = -$4.29
The commerce was loss-making, nevertheless it was shortly closed after the reversal of the large arrow of the indicator, minimizing the loss.
On Thursday a lot of the day the market was within the lifeless zone once more, and the subsequent commerce the Owl Sensible Ranges recommended to open on Friday morning.
Fig. 3. AUDUSD SELL 0.22, OpenPrice = 0.66999, StopLoss = 0.67079, TakeProfit = 0.66739, Revenue = $56.87
The commerce closing needed to wait, nevertheless it was accomplished and commerce has introduced greater than $50 revenue.
The final commerce of the earlier week was opened on Friday night like all of the others on the market.
Fig. 4. AUDUSD SELL 0.11, OpenPrice = 0.66843, StopLoss = 0.66976, TakeProfit = 0.66413, Revenue = $10.15
The commerce was closed obligatory earlier than the top of trades, as a result of at 16:00 GMT on Friday it is suggested to shut all trades on the present value.
So, solely 4 trades have been opened on the earlier buying and selling week. One needed to be closed in guide mode with insignificant loss and three trades have been closed with revenue.
Outcomes:
Many forests have mushroom spots, however you possibly can hardly discover a forest that consists completely of them. After revenue and 12 trades the week earlier than, the revenue fell from 15.8% to six% with a 4-fold lower within the complete variety of trades.
The week introduced in $60. The result’s fairly passable, and the effectivity of the typical commerce was even barely greater. Let’s hope {that a} good development will develop and subsequent week because of the recommendation of the Owl Sensible Ranges indicator the profitability will go up considerably!
See different critiques of the Owl Sensible Ranges technique:
I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
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