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

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

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

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In the present day 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 July 31 to August 4, 2023. There have been opened in complete 5 trades on two out of three forex pairs.

For comfort and well timed receipt of indicators I exploit the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development course of the upper timeframe.

 

EURUSD overview

The Owl Good 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 avoid wasting 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 superb revenue.

 

GBPUSD overview

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

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

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

 

AUDUSD overview

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 present 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 Good 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 doable.

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 virtually on the StopLoss degree.

 

Outcomes:

So, 5 trades occurred over the past buying and selling week and two of them had been worthwhile. The profitability of worthwhile trades exceeded, as common, 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 are going to see how the buying and selling will appear like and the way the market will behave, in addition to what trades Owl Good Ranges will supply us to open on Monday through 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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