At the moment I current you an outline of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from March 13 to 17, 2023.
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 evaluation
The primary asset we are going to rapidly evaluation is EURUSD. The reviewwill be brief as a result of the indicator has proven just one commerce on this asset and sadly the commerce was unprofitable because of the excessive market volatility on this space.
Fig. 1. EURUSD BUY 0.09, OpenPrice = 1.06091, StopLoss = 1.05927, TakeProfit = 1.06621, Revenue = -15$.
GBPUSD evaluation
The Owl Good Ranges Indicator has not but been educated to take world information into consideration however the dealer who makes use of the indicator can do it. It’s well-known that through the launch of particularly important information the market conduct is troublesome to foretell: there is likely to be robust risky fluctuations and gaps. Within the morning of March 14 there have been launched two information which influenced the GBP-pair buying and selling a method or one other: 1) The common payroll together with bonuses and a couple of) Change within the variety of jobless claims.
The commerce was damaging on March 14. Coincidence? I do not suppose so. Though, after all, we don’t make a direct correlation right here and we’re not timing it.
Fig. 2. GBPUSD BUY 0.06, OpenPrice = 1.21652, StopLoss = 1.21413, TakeProfit = 1.22426, Revenue = -15$.
The subsequent dropping commerce was saved and the loss was minimized lowering it to the worth of “arithmetic error”. Common readers know that after opening a commerce it’s needed to observe the indicator, and if it exhibits the change of the massive arrow course, the commerce ought to be closed within the “handbook mode” with out ready till the StopLoss order does it.
Fig. 3. GBPUSD SELL 0.04, OpenPrice = 1.20747, StopLoss = 1.21129, TakeProfit = 1.19466, Revenue = -3.48$.
Additional, on March 16 and 17 the marketplace for essentially the most half was within the lifeless zone the place the indicator doesn’t suggest to open trades.
AUDUSD evaluation
On March 13 and 14 there have been two critical information for USD, and on the sixteenth there was information for each USD and AUD. Owl Good Ranges dealt with these buying and selling days very properly suggesting trades within the asset, though considered one of them nonetheless needed to be “saved”.
Fig. 4. AUDUSD BUY 0.04, OpenPrice = 0.66611, StopLoss = 0.66267, TakeProfit = 0.66638, Revenue = +1.18$.
After all, this was a commerce with three “666” within the worth of the OpenPrice quantity. The market modified course and the commerce needed to be closed at 0.66638 as an alternative of the a lot anticipated 0.67723. The large arrow on the Owl Good Ranges modified course and colour from inexperienced to purple signaling this sudden change in course. The commerce has introduced in a complete greenback nevertheless it has remained within the plus, which, the truth is, corresponds to our process – to stay worthwhile below any circumstances.
Fig.5. AUDUSD BUY 0.13, OpenPrice = 0.66503, StopLoss = 0.66367, TakeProfit = 0.66941, Revenue = +56.36$.
The subsequent commerce (Fig. 5) has “classically” closed at TakeProfit and has introduced a great revenue.
Then, on March 15, the market was within the lifeless zone nearly a day. It appeared that the week might be closed this fashion on the forex pair however the subsequent day the indicator discovered yet another worthwhile commerce, which put the week in its closing place.
Fig.6. AUDUSD BUY 0,13, OpenPrice = 0,66447, StopLoss = 0,66301, TakeProfit = 0,66917, Revenue = +48.29$.
The final commerce of the week additionally was closed with TakeProfit. Simply because the earlier one, it introduced fairly a great revenue making fairly a good revenue for a small deposit.
Abstract:
On this evaluation I attempted to remind you that whereas planning a buying and selling technique, it’s helpful to think about the most important world information that may considerably have an effect on the market volatility. And, though the buying and selling technique utilizing the Owl Good Ranges Indicator is predicated solely on the technical evaluation, the elemental evaluation, the truth is, shouldn’t be forgotten and it may be very helpful to take its most important elements into consideration by utilizing the indicator.
See different opinions of the Owl Good Ranges technique:
From March 6 to 10, 2023, Whole: +3.6% From February 27 to March 03, 2023, Whole: +7.3% From February 20 to 24, 2023, Whole: +28.4% From February 13 to 17, 2023, Whole: +10.8% From February 6 to 10, 2023, Whole: +11.2%
I am Sergei Ermolov, comply with me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.
