Assessment of trades of the Owl Good Ranges technique for the week from July 24 to twenty-eight, 2023 – My Buying and selling – 30 July 2023

At present I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from July 24 to twenty-eight, 2023. There have been open in whole 8 trades on all three forex pairs.

For comfort and well timed receipt of alerts I exploit the Owl Good 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.


EURUSD evaluate

The Owl Good Ranges indicator gave the primary sign to open a commerce on EURUSD for promoting on Tuesday afternoon.

Fig. 1. EURUSD SELL 0.14, OpenPrice = 1.10417, StopLoss = 1.10522, TakeProfit = 1.10077, Revenue = -$15.

The commerce was closed at StopLoss and introduced a lack of $15.

The market spent the entire Wednesday and the primary half of Thursday within the useless zone, after which it spiked greater than 1000 factors in lower than 2 hours.It needs to be stated that basically the market behaved somewhat unpredictably, however, what is particularly unhealthy, it was not so clearly seen, besides, maybe, for the above-mentioned peak.

However, the second commerce on EURUSD, additionally opened for promoting, turned out to be unprofitable.

Fig. 2. EURUSD SELL 0.10, OpenPrice = 1.09721, StopLoss = 1.09902, TakeProfit = 1.09133, Revenue = -$17.5.

The commerce closed on StopLoss and Owl Good Ranges, sadly, could not warn about it attributable to uncommon market volatility.


GBPUSD evaluate

The primary commerce on the asset GBPUSD the indicator Owl Good Ranges supplied to open for promoting on Monday afternoon.

Fig. 3. GBPUSD SELL 0.05, OpenPrice = 1.28534, StopLoss = 1.28824, TakeProfit = 1.27596, Revenue = $11.69.

This commerce turned an instance of how the sign given in time concerning the change of worth motion and the need to shut it “manually” helped not solely to scale back the loss, but additionally to get a small revenue.

The indicator instructed to open the following commerce on Wednesday, additionally in the course of the day.

Fig. 4. GBPUSD BUY 0.13, OpenPrice = 1.29049, StopLoss = 1.28937, TakeProfit = 1.29413, Revenue = -$3.75.

And on this case the loss was diminished to the very minimal, additionally by closing the commerce “manually” in accordance with the indicator’s prompting.

On Thursday within the afternoon the market was within the useless zone and the following commerce, opened for promoting, befell on Friday morning.


Fig. 5. GBPUSD SELL 0.09, OpenPrice = 1.27884, StopLoss = 1.28055, TakeProfit = 1.27330, Revenue = -$15.

Plainly after the USD soar, in addition to after the EUR/USD market 1000 factors drop (the screenshot, because it appears by the point, reveals a parallel state of affairs), the pair forex restored its worth in a manner that isn’t fairly “clear” for the indicator, and in each instances it failed to offer an accurate sign, in addition to to warn about closing the commerce.

On Friday afternoon the market was within the useless zone, and there have been no extra trades on the asset.


AUDUSD evaluate

On Monday within the afternoon the market was within the useless zone, and on Tuesday morning the indicator already gave a sign, and the commerce was opened.

Fig. 6. AUDUSD BUY 0.19, OpenPrice = 0.67619, StopLoss = 0.67542, TakeProfit = 0.67869, Revenue = -$8.77.

Right here the Owl Good Ranges gave a sign in time concerning the necessity to shut the commerce and the loss was minimized.

However on the following commerce it couldn’t be finished.

Fig. 7. AUDUSD BUY 0.12, OpenPrice = 0.67970, StopLoss = 0.67845, TakeProfit = 0.68372, Revenue = -$15.

There was no reversal of the massive arrow and the commerce was closed at StopLoss.

The final commerce of the buying and selling week was opened at midday on Friday.

Fig. 8. AUDUSD SELL 0.10, OpenPrice = 0.66507, StopLoss = 0.66689, TakeProfit = 0.65917, Revenue = -$12.79.

In addition to virtually all trades of the week, it turned out to be unprofitable, however right here the loss was barely minimized due to the Owl Good Ranges trace.



Final buying and selling week there have been 8 trades and solely one in all them turned out to be worthwhile. The trades have been opened in numerous instructions, however the market state of affairs this time, frankly to say, outplayed the Owl Good Ranges indicator attributable to its, although not so pronounced, however excessive chaotic nature. Probably, the market chaoticization occurred because of the inconsistency with the forecasts of a lot of information, corresponding to:

  • German Manufacturing Enterprise Exercise Index (PMI) (EUR),
  • UK Manufacturing Enterprise Exercise Index (PMI) (GBP),
  • U.S. Companies Sector Enterprise Exercise Index (PMI) (USD),
  • New Residence Gross sales (June) USA (USD),
  • US Crude Oil Inventories (USD),
  • German GDP (Q2) (EUR).

All of those information have been under the forecasts. And even when we’re not speaking about some spectacular and excessive occasions and big volatility out there, however, the general impact of market chaotization was such that the Owl Good Ranges indicator didn’t have time to reply to such a quickly altering market.


Because of this, we bought an unsatisfactory outcome this week. To be truthful, because the starting of this spring just one buying and selling week from Might 08 to 12 with the results of -45.86$ has been unprofitable up to now. The anti-record was crushed final week, however this sort of market chaotic conduct is kind of uncommon, and let’s hope it will not occur once more.

We’ll see how the buying and selling will appear like and the way the market will behave, which trades the Owl Good Ranges indicator will supply to open on Monday in the course of the upcoming buying and selling week.

See different evaluations of the Owl Good Ranges technique:

I am Sergei Ermolovobserve me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.

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