Right now I current you an summary of offers made utilizing the Owl technique – sensible ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from March 13 to 17, 2023.
For comfort and well timed receipt of indicators I take advantage of the Owl Good Ranges Indicator. The primary buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to substantiate the development course of the upper timeframe.
EURUSD assessment
The primary asset we are going to rapidly assessment is EURUSD. The reviewwill be quick as a result of the indicator has proven just one commerce on this asset and sadly the commerce was unprofitable as a result of excessive market volatility on this space.
Fig. 1. EURUSD BUY 0.09, OpenPrice = 1.06091, StopLoss = 1.05927, TakeProfit = 1.06621, Revenue = -15$.
GBPUSD assessment
The Owl Good Ranges Indicator has not but been skilled to take international information under consideration however the dealer who makes use of the indicator can do it. It’s well-known that through the launch of particularly vital information the market habits is tough to foretell: there may be robust unstable fluctuations and gaps. Within the morning of March 14 there have been launched two information which influenced the GBP-pair buying and selling a technique or one other: 1) The common payroll together with bonuses and a pair of) Change within the variety of jobless claims.
The commerce was detrimental on March 14. Coincidence? I do not assume so. Though, in fact, we don’t make a direct correlation right here and we aren’t timing it.
Fig. 2. GBPUSD BUY 0.06, OpenPrice = 1.21652, StopLoss = 1.21413, TakeProfit = 1.22426, Revenue = -15$.
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 vital to observe the indicator, and if it reveals the change of the massive arrow course, the commerce must be closed within the “guide 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$.
Additional, on March 16 and 17 the marketplace for essentially the most half was within the lifeless zone the place the indicator doesn’t advocate to open trades.
AUDUSD assessment
On March 13 and 14 there have been two critical information for USD, and on the sixteenth there was information for each USD and AUD. Owl Good Ranges dealt with these buying and selling days very nicely suggesting trades within the asset, though one among them nonetheless needed to be “saved”.
Fig. 4. AUDUSD BUY 0.04, OpenPrice = 0.66611, StopLoss = 0.66267, TakeProfit = 0.66638, Revenue = +1.18$.
In fact, 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 a substitute of the a lot anticipated 0.67723. The large arrow on the Owl Good Ranges modified course and colour from inexperienced to pink signaling this sudden change in course. The commerce has introduced in a complete greenback but it surely has remained within the plus, which, in truth, corresponds to our process – to stay worthwhile beneath any circumstances.
Fig.5. AUDUSD BUY 0.13, OpenPrice = 0.66503, StopLoss = 0.66367, TakeProfit = 0.66941, Revenue = +56.36$.
The subsequent commerce (Fig. 5) has “classically” closed at TakeProfit and has introduced revenue.
Then, on March 15, the market was within the lifeless zone virtually a day. It appeared that the week may very well be closed this fashion on the foreign money pair however the subsequent day the indicator discovered yet one more worthwhile commerce, which put the week in its closing place.
Fig.6. AUDUSD BUY 0,13, OpenPrice = 0,66447, StopLoss = 0,66301, TakeProfit = 0,66917, Revenue = +48.29$.
The final commerce of the week additionally was closed with TakeProfit. Simply because the earlier one, it introduced fairly revenue making fairly an honest revenue for a small deposit.
Abstract:
On this assessment I attempted to remind you that whereas planning a buying and selling technique, it’s helpful to contemplate the key international information that may considerably have an effect on the market volatility. And, though the buying and selling technique utilizing the Owl Good Ranges Indicator relies solely on the technical evaluation, the elemental evaluation, in truth, shouldn’t be forgotten and it may be very helpful to take its important components into consideration by utilizing the indicator.
See different evaluations 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.
