Home Stock Evaluation of trades of the Owl Good Ranges technique for the week from August 28 to September 1, 2023 – My Buying and selling – 3 September 2023

Evaluation of trades of the Owl Good Ranges technique for the week from August 28 to September 1, 2023 – My Buying and selling – 3 September 2023

0
Evaluation of trades of the Owl Good Ranges technique for the week from August 28 to September 1, 2023 – My Buying and selling – 3 September 2023

[ad_1]

At present I current you an summary of trades made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from August 28 to September 1, 2023. Markets have been extremely unstable generally, however let’s discuss every little thing so as.

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 substantiate the pattern path of the upper timeframe.

 

EURUSD overview

The Owl Good Ranges indicator gave the primary sign to open a commerce on EURUSD on Monday in the course of the day.

Fig.1 . EURUSD SELL 0.18, OpenPrice = 1.08117, StopLoss = 1.08199, TakeProfit = 1.07851, Revenue = -$15.

Sadly, the indicator didn’t have time to react to the market fluctuation, and the commerce was closed at StopLoss, bringing a lack of 15$.

The primary half of Tuesday the market was within the useless zone. The subsequent commerce was opened on Wednesday.

 

Fig. 2. EURUSD BUY 0.21, OpenPrice = 1.08625, StopLoss = 1.08543, TakeProfit = 1.08889, Revenue = -$11.74.

The reversal of the indicator’s huge arrow warned to shut the commerce and it saved a number of {dollars}.

The second half of Thursday the market was within the useless zone, and the following commerce was opened on Friday.

Fig. 3. EURUSD BUY 0.09, OpenPrice = 1.08503, StopLoss = 1.08315, TakeProfit = 1.09111, Revenue = -$17.50.

The screenshot clearly reveals how lengthy the candles are on the M15 timeframe and the way excessive the volatility is in a fairly massive vary, 4 candles from the extent elevate the worth up and two candles decrease it again to the earlier mark down. On this scenario, the indicator didn’t have time to offer a sign and the commerce closed at StopLoss.

 

GBPUSD overview

The Owl Good Ranges indicator didn’t supply to open any trades on the GBPUSD asset, which most likely saved some cash on the extremely unstable and unpredictable market. On Monday, Tuesday and Thursday the market was within the useless zone, and there have been no trades at different instances as properly.

 

AUDUSD overview

The market spent Monday within the useless zone, and Owl Good Ranges gave a sign to open a commerce for purchasing AUDUSD on Wednesday morning.

 

Fig. 4. AUDUSD BUY 0.12, OpenPrice = 0.64592, StopLoss = 0.64470, TakeProfit = 0.64986, Revenue = -$5.66.

The commerce was “canceled” in time by an enormous arrow of the indicator and introduced a lack of just a little greater than 5$.

On Thursday, the market spent many of the day within the useless zone, and no extra trades have been opened on the asset.

 

Outcomes:

So, on the final buying and selling week there have been 4 trades, which occurs very hardly ever, and all of them have been unprofitable. Excessive volatility of the markets in two circumstances didn’t permit the indicator to offer a well timed sign to shut trades, and likewise, what’s much more necessary, didn’t give a possibility to decide on perspective entry factors. Properly, August is historically a tough month in buying and selling, particularly its final week with the passing to September.

The ultimate desk of the final week appears, as an example, not the very best, though we all know that there are not any 100% ensures in buying and selling.

How buying and selling will appear like and the way the market will behave, in addition to whether or not the Owl Good Ranges indicator will be capable to cowl the loss for the following 5 buying and selling days, we’ll begin to observe on Monday within the upcoming buying and selling week.

See different opinions of the Owl Good Ranges technique:

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

[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here