Evaluate of trades of the Owl Good Ranges technique for the week from March 13 to 17, 2023 – My Buying and selling – 21 March 2023

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. 

EURUSD overview

The primary asset we are going to shortly overview 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 overview

The Owl Good Ranges Indicator has not but been educated to take world information under consideration however the dealer who makes use of the indicator can do it. It’s well-known that in the course of the launch of particularly important information the market habits is troublesome to foretell: there may 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 technique or one other: 1) The common payroll together with bonuses and a couple of) Change within the variety of jobless claims.

The commerce was unfavourable on March 14. Coincidence? I do not assume so. Though, in fact, 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 shedding 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 essential to watch the indicator, and if it reveals the change of the large arrow path, the commerce needs to 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 useless zone the place the indicator doesn’t advocate to open trades.

AUDUSD overview

On March 13 and 14 there have been two severe 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 one in all 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 path 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 path and colour from inexperienced to purple signaling this sudden change in path. The commerce has introduced in a complete greenback nevertheless it has remained within the plus, which, the truth is, corresponds to our activity – to stay worthwhile underneath 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 useless zone virtually a day. It appeared that the week might be closed this fashion on the foreign money pair however the subsequent day the indicator discovered yet another worthwhile commerce, which put the week in its ultimate 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 a good revenue for a small deposit.

Abstract:

On this overview I attempted to remind you that whereas planning a buying and selling technique, it’s helpful to contemplate 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.