Home Stock Evaluation of trades of the Owl Sensible Ranges technique for the week from January 30 to February 3, 2023 – Statistics – 6 February 2023

Evaluation of trades of the Owl Sensible Ranges technique for the week from January 30 to February 3, 2023 – Statistics – 6 February 2023

Evaluation of trades of the Owl Sensible Ranges technique for the week from January 30 to February 3, 2023 – Statistics – 6 February 2023


At the moment I current you an summary of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from January 30 to February 3, 2023. 

Now it’s not a straightforward interval for pattern methods as a result of the market has been caught in a small channel for a very long time and it’s not shifting anyplace. Because of this pattern methods can provide a whole lot of false indicators. However let’s examine what we obtained.

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 pattern path of the upper timeframe.

Firstly, let’s take a look at the EURUSD pair. 

The start of the week for the Euro was throughout the “Lifeless Zone” (the pink zone of the Owl Sensible Ranges Indicator, during which it’s not really useful to commerce), however already at 7:00 on January 30, the primary sign to purchase the euro towards the greenback appeared. The deal closed with a loss. After that I made a decision to incorporate one other rule in my technique – to not commerce on Monday morning. The market is simply opening, there are only a few main gamers, and lots of merchants are solely attempting to look carefully on the market and type a buying and selling plan for the week.


Determine 1. EURUSD BUY 0.21, OpenPrice=1.0868, StopLoss=1.0861, TakeProfit=1.0891, Revenue=-15$

The foundations for opening offers on the Owl technique – good ranges.

  1. In the mean time of the looks of a fractal directed in direction of the principle pattern (which is decided by the ZigZag path on the older timeframes), we construct a Fibonacci grid with ranges of 38.2% and 161.8%.
  2. We place restrict orders on the degree 38.2% of the Fibonacci grid.
  3. We set StopLoss at 0% and TakeProfit at 161.8% ranges.
  4. We delete the pending order if it hasn’t labored throughout the subsequent 10 candles.

After chaotic fluctuations on January 31, the EURUSD market turned down and fashioned a sign, however already on the market: OpenPrice=1.0849, StopLoss=1.0860, TakeProfit=1.0814. The deal was opened with a threat of 1.75% of the deposit (the primary 1.5% of the deposit), as a result of the earlier one was unprofitable. The Euro labored out this sign very effectively, and the revenue was mounted on the open deal.


Determine 2. EURUSD SELL 0.16, OpenPrice=1.0849, StopLoss=1.0860, TakeProfit=1.0814, Revenue=+56$

After some fluctuations and one other shift into the lifeless zone, the upward motion recuperated. On February 1, at 15:03 GMT, a Purchase deal was opened with a minimal cease measurement of solely 8 factors (digits = 4). Revenue was mounted on this deal in a short time, and the market has already tuned in for one more rise.


Determine 3. EURUSD BUY 0.19, OpenPrice=1.0896, StopLoss=1.0888, TakeProfit=1.0924, Revenue=+53$

At 21:01, one other purchase commerce was opened which closed fairly shortly however made everybody nervous, because the market went down and was actually 1 level away from StopLoss. Then the EURUSD pair went up very far and the correction needed to wait till the subsequent day. And on February 2, the lifeless zone appeared once more and didn’t permit buying and selling till the tip of the week. Solely at 13:30 on the Non Farm Payrolls information, all EURUSD timeframes started to indicate a downward pattern path. However after such information it’s higher to not enter the market as a result of it is extremely unstable and unpredictable.


Determine 4. EURUSD BUY 0.11, OpenPrice=1.0902, StopLoss=1.0888, TakeProfit=1.0947, Revenue=+48$

Subsequent, let’s concentrate on the GBPUSD pair. 

The British Pound, just like the Euro, opened the week within the pink zone, which didn’t permit it to commerce all day on January thirtieth. And as a result of chaotic multidirectional motion, the primary deal was opened solely at 9:45 on January 31. She created a nervous ambiance, as she moved from the revenue zone to the loss zone for a really very long time, however in the long run she has reached TakeProfit.


Determine 5. GBPUSD SELL 0.15, OpenPrice=1.2323, StopLoss=1.2333, TakeProfit=1.2293, Revenue=+45$

The subsequent promote sign didn’t take lengthy to attend, however I’ve a rule – to not open a commerce sooner than 10 candles after the closing of the earlier one. So I skipped the subsequent commerce.


Determine 6. The Rule – to not open a commerce sooner than 10 candles after the closing of the final one

Additional, the market behaved chaotically. The technique didn’t give entry indicators, and ultimately the lifeless zone was fashioned within the afternoon. Solely on February 2, after 17:00, the British pound managed to get out of the lifeless zone, however on at the present time the technique didn’t type indicators.

Solely on February 3, at 9:00, it was doable to enter the market. GBPUSD closed my commerce with a loss and fell once more into the pink zone. After that I made a decision to not commerce the GBPUSD forex pair anymore this week, apart from, the technique didn’t give any extra indicators.

The technique additionally works effectively on AUDUSD pair.

The primary commerce within the Australian greenback opened at 10:00 on January thirtieth and closed with a revenue solely at 00:30 the subsequent day. One other promote sign appeared nearly instantly, however in accordance with the rule to not commerce 10 candles after closing the deal, this sign was ignored.


Determine 7. AUDUSD SELL 0.13, OpenPrice=0.7086, StopLoss=0.7098, TakeProfit=0.7050, Revenue=+45$

The subsequent good sign appeared on January 31 at 7:45. Revenue was mounted on the open place inside one hour. That is what I name the “Good entry sign”, when the market doesn’t transfer back and forth however instantly goes in direction of TakeProfit after a rebound from the extent.


Determine 8. AUDUSD SELL 0.17, OpenPrice=0.7034, StopLoss=0.7043, TakeProfit=0.7007, Revenue=+45$

Then the market started to right upwards and after one false sign, on which a loss was obtained, the Australian greenback entered the Lifeless Zone. The market left the pink zone solely on Friday, however after the information about employment within the US, I don’t suggest buying and selling, furthermore, there have been no extra indicators.


Determine 9. AUDUSD SELL 0.19, OpenPrice=0.7048, StopLoss=0.7056, TakeProfit=0.7025, Revenue=-15$

The week from February 6 to February 10, 2023, I believe, will likely be extra intense for indicators on the Owl technique. Final week there have been 2 basic information: the choice on the US rate of interest and Non Farm Payrolls. I consider that this can set the path for the corrective motion within the greenback which we now have been ready for therefore lengthy.



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