Assessment of trades of the Owl Sensible Ranges technique for the week from July 31 to August 4, 2023 – My Buying and selling – 6 August 2023


Right this moment I current you an outline of trades made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from July 31 to August 4, 2023. There have been opened in whole 5 trades on two out of three foreign money pairs.

For comfort and well timed receipt of indicators I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the pattern course of the upper timeframe.

 

EURUSD assessment

The Owl Sensible Ranges indicator gave the primary sign to open a commerce on EURUSD, for promoting, on Tuesday morning.

Fig. 1. EURUSD SELL 0.19, OpenPrice = 1.09921, StopLoss = 1.10002, TakeProfit = 1.09659, Revenue = $48.52.

The commerce ended with a basic TakeProfit and introduced such a favourite indicator’s quantity of revenue of $48.

The second commerce was opened for promoting within the night of the identical day.

 

Fig. 2. EURUSD SELL 0.14, OpenPrice = 1.09773, StopLoss = 1.09881, TakeProfit = 1.09423, Revenue = -$14.86.

This commerce on EURUSD turned out to be unprofitable. It needed to be closed manually based on the indicator trace, which was a bit delayed, so we managed to save lots of actually a few {dollars}.

The third and the final commerce on EURUSD was opened for promoting on Wednesday.

Fig. 3. EURUSD SELL 0.16, OpenPrice = 1.09852, StopLoss = 1.09962, TakeProfit = 1.09494, Revenue = $56.95.

The commerce, similar to the primary one, was classically closed by TakeProfit and introduced a very good revenue.

 

GBPUSD assessment

On Monday the GBPUSD market was within the useless zone, more and more accelerating volatility, and the Owl Sensible Ranges indicator didn’t give any sign on this scenario.

From Tuesday to Thursday there have been a couple of indicators, however at non-trading time based on the foundations of our technique.

On Friday, the market was steadily within the useless zone all day lengthy, and because of this there have been no trades on the asset.

 

AUDUSD assessment

On Monday the market was within the useless zone. Even supposing on Thursday the market was additionally within the useless zone all of the second a part of the day, the indicator managed to offer a sign to open a commerce at midday.

Fig. 4. AUDUSD BUY 0.14, OpenPrice = 0.65297, StopLoss = 0.65401, TakeProfit = 0.64959, Revenue = -$5.91.

Right here Owl Sensible Ranges gave a sign concerning the necessity to shut the commerce upfront and the loss was totally minimized.

However on the following commerce, opened on Friday night, this was not attainable.

Fig. 5. AUDUSD BUY 0.11, OpenPrice = 0.65858, StopLoss = 0.65721, TakeProfit = 0.66302, Revenue = -$15.

The commerce was closed at StopLoss. The sign to shut it got here, however with a slight delay, when the value was nearly on the StopLoss degree.

 

Outcomes:

So, 5 trades occurred over the past buying and selling week and two of them have been worthwhile. The profitability of worthwhile trades exceeded, as normal, 3 times the quantity of unprofitable ones, so the ultimate desk seems fairly good.

 

Let me remind you that based on the brand new rule launched per week in the past, we don’t improve the chance of the following commerce after closing the commerce manually (!).

We’ll see how the buying and selling will appear like and the way the market will behave, in addition to what trades Owl Sensible Ranges will provide us to open on Monday through the upcoming buying and selling week.

See different evaluations of the Owl Sensible 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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