Today I current you an outline of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from 13 to 17 February, 2023.
For comfort and well timed receipt of alerts I take advantage of the Owl Smart Levels Indicator. The important buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development route of the upper timeframe.
EURUSD trades.
The week for the EURUSD pair started within the lifeless zone, which lasted till the night of February 15, and shortly closed with a unfavourable steadiness. According to the technique I open the following commerce with the next threat. I set threat 1.5% for the primary order and, if the deal closed with a loss, I open the following order with 1.75% threat per one commerce.
Figure 1. EURUSD SELL 0.15, OpenPrice=1.0677, StopLoss=1.0687, TakeProfit=1.0643, Profit=-15$
The subsequent sign appeared the next day, instantly after the change of the route within the sign indicator. The market shortly moved to the restrict order after which at nearly the identical pace rushed to TakeProfit. The intermediate end result for EURUSD is +46$.
Figure 2. EURUSD SELL 0.21, OpenPrice=1.0710, StopLoss=1.0722, TakeProfit=1.0668, Profit=+61$
However, I ignored the following entry sign as a result of there’s a rule:
Ignore the sign if it got here sooner than 10 candles after the earlier commerce was closed.
There have been no extra offers at EURUSD this week. There have been some alerts to position a pending order however they have been cancelled by a brand new sign and indicator reversal on the sign timeframe. In the afternoon on Friday the market moved to the lifeless zone.
GBPUSD trades.
The week began within the lifeless zone for the British pound which suggests a prohibition to commerce till the upper timeframes start to point out the identical route. By Monday night all timeframes began to point out the identical upward route and the primary sign to enter appeared. The order was closed with a loss on the reverse sign of the Valable ZigZag Indicator.
Figure 3. GBPUSD BUY 0.15, OpenPrice=1.2134, StopLoss=1.2124, TakeProfit=1.2168, Profit=-15$
The subsequent commerce was opened on a pointy bounce in value on the information. It might have closed on a cease on a pointy bounce in value however the market didn’t catch the cease and actually inside a few minutes the commerce was closed with a revenue.
Figure 4. GBPUSD BUY 0.07, OpenPrice=1.2161, StopLoss=1.2136, TakeProfit=1.2244, Profit=+58$
After the announcement of the Consumer Price Index within the United States, the market fluctuated for a very long time in several instructions, the Valable ZigZag started to point out downward, and it was now not doable to enter the market. The entry sign appeared solely on the night of February 15 and the commerce was closed with a loss.
Having handed by the lifeless zone and multidirectional alerts, the promote sign was acquired on Friday morning. The commerce barely missed the StopLoss (2 pips) and was closed with revenue inside an hour.
Figure 5. Рисунок 5. GBPUSD SELL 0.16, OpenPrice=1.1949, StopLoss=1.19586, TakeProfit=1.1916, Profit=+52$
Then one commerce was not taken into consideration utilizing the beforehand described 10 candles rule and the market entered the lifeless zone.
AUDUSD trades.
The Australian greenback this week began from the lifeless zone, got here out of it in a short time and shaped a sign. We didn’t take this sign into consideration due to the rule:
—> Ignore alerts acquired earlier than 8:00 GMT on Monday.
After that the market entered the lifeless zone and the worth was fluctuating there until Wednesday. The first deal was doable to get solely on Wednesday night however in addition to at different pairs, the deal was closed with a loss on Wednesday.
Figure 6. AUDUSD SELL 0.10, OpenPrice=0.6888, StopLoss=0.6903, TakeProfit=0.6840, Profit=-15$
The second deal on AUDUSD was additionally closed with a loss. Not week for the Australian greenback. Result of the week: -33$.
Despite the truth that the quantity of unfavourable trades was greater than the quantity of constructive ones this week the entire result’s +$108. This is achieved by the truth that the technique has a a lot bigger TakeProfit than the StopLoss. Therefore, even in the event you make 30% constructive trades you’ll not make a loss however will stay in revenue.
I’m Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on the Forex market.
