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At the moment I current you an outline of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from June 26 to 30, 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 substantiate the development course of the upper timeframe.
The buying and selling historical past of this week was one of many shortest – solely three trades have been opened on two forex pairs. Nonetheless the week was fairly worthwhile for 3 trades. So, under is the normal report on trades.
EURUSD assessment
The market was in a useless zone on Monday and did not give an opportunity to the indicator to provide a sign. The primary sign to open a commerce for getting on EURUSD was given by the Owl Sensible Ranges indicator on Tuesday in the course of the day.
Fig. 1. EURUSD BUY 0.14, OpenPrice = 1.09267, StopLoss = 1.09162, TakeProfit = 1.09609, Revenue = $48.86.
A couple of hours later the commerce closed on the plus aspect and introduced in a reasonably frequent quantity of revenue of $48.
On Wednesday there was additionally a useless zone all day lengthy and the subsequent commerce at this asset was opened on Friday.
Fig. 2. EURUSD SELL 0.21, OpenPrice = 1.08684, StopLoss = 1.08755, TakeProfit = 1.08452, Revenue = $49.01.
The second commerce turned out to be worthwhile identical to the primary one, closed at TakeProfit.
GBPUSD assessment
The market spent most of Monday and Tuesday within the useless zone. Even if on the opposite days when there was no useless zone it was doable to commerce, the Owl Sensible Ranges indicator didn’t discover any alternatives to make worthwhile trades.
AUDUSD assessment
The market spent Tuesday within the useless zone, and Owl Sensible Ranges recommended to open a commerce for promoting on Wednesday morning.
Fig. 3. AUDUSD BUY 0.20, OpenPrice = 0.66428, StopLoss = 0.66486, TakeProfit = 0.66238, Revenue = -$15.
Sadly, the commerce was closed by StopLoss actually on the subsequent candle, and this was that uncommon case when the indicator didn’t have time to warn in regards to the necessity of closing the commerce in guide mode. The course of the value, normally, has not modified, however on account of “trampling in place” on this unstable space, the indicator merely didn’t have time to react in such a short while and a small distance, after which the market went down.
Thursday, the second half of the day the market spent within the useless zone, and on Friday there have been no indicators for opening trades.
Final week solely three trades have been opened. Two trades have introduced good revenue every and one was a lot much less worthwhile.
Outcomes:
So, the climax of June was a weekly revenue of $157 in the course of the month, after which the revenue went down. Let’s anticipate the expansion of a brand new wave of profitability in August and approaching the extent of $200 per week with a deposit of $1000.
See different opinions of the Owl Sensible Ranges technique:
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
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