Evaluation 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 this moment I current you an summary of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD foreign money pairs for the week from March 13 to 17, 2023. 

EURUSD evaluation

The primary asset we are going to rapidly evaluation 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 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 evaluation

The Owl Good Ranges Indicator has not but been educated to take international information into 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 vital information the market habits is tough to foretell: there could 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 couple of) Change within the variety of jobless claims.

The commerce was adverse on March 14. Coincidence? I do not suppose so. Though, after all, 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 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 mandatory to watch the indicator, and if it exhibits the change of the large arrow route, 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 probably the most half was within the useless zone the place the indicator doesn’t suggest to open trades.

AUDUSD evaluation

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 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$.

After all, this was a commerce with three “666” within the worth of the OpenPrice quantity. The market modified route and the commerce needed to be closed at 0.66638 as an alternative of the a lot anticipated 0.67723. The massive arrow on the Owl Good Ranges modified route and coloration from inexperienced to purple signaling this sudden change in route. The commerce has introduced in a complete greenback however it has remained within the plus, which, in actual fact, corresponds to our job – 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 a great revenue.

Then, on March 15, the market was within the useless zone nearly a day. It appeared that the week might be closed this manner on the foreign money pair however the subsequent day the indicator discovered yet another worthwhile commerce, which put the week in its last 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 a great revenue making fairly a good revenue for a small deposit.

Abstract:

On this evaluation 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 basic evaluation, in actual fact, shouldn’t be forgotten and it may be very helpful to take its primary elements into consideration through the use of the indicator.