REVIEW OF TRADES OF THE OWL SMART LEVELS STRATEGY FOR THE WEEK FROM 20 TO 24 FEBRUARY, 2023 – My Buying and selling – 27 February 2023

At the moment I current you an summary of offers made utilizing the Owl technique – good ranges for the EURUSD, GBPUSD and AUDUSD forex pairs for the week from 20 to 24 February, 2023.

For comfort and well timed receipt of alerts I exploit the Owl Sensible Ranges Indicator. The principle buying and selling timeframe is M15, whereas the H1 and H4 timeframes are used to verify the development path of the upper timeframe.

Table of Contents

EURUSD assessment

The week for EURUSD began in a useless zone, the primary sign appeared solely at 13:30 GMT. It was cancelled since there’s a rule within the buying and selling technique:

If the worth is behind the order opening degree in the mean time the sign seems, or was already there, the sign needs to be ignored.

Determine 1. The canceled sign appeared on the shut of a big inexperienced candle, above the white line.

If the worth strikes so sharply in the wrong way there’s a excessive chance of a reversal of the instrument in the wrong way. We have to enter on corrective market actions however they normally are inclined to stretch over time.

On Tuesday a number of alerts have been additionally ignored. Within the morning the market simply didn’t attain the opening value after which one other sign was canceled by a pointy value motion above the open value degree.

Additionally on Tuesday another situation for order cancellation allowed avoiding a loss commerce:

If a brand new degree Down of the Full Fractals Indicator appeared above the opening value degree of a commerce, in case of a BUY sign, the BUY LIMIT order needs to be deleted. The identical applies to the SELL LIMIT order: if there’s a new Up degree of the Full Fractals Indicator beneath the opening value, the order needs to be deleted.

Determine 2. Sign cancellation when a brand new Up fractal seems.

The primary commerce was opened solely on Wednesday night time however it has closed with a minus, the worth has barely hit a cease after which has gone in the proper path. And the following deal has already introduced long-awaited revenue.

Determine 3. EURUSD SELL 0.12, OpenPrice=1.06486, StopLoss=1.06634, TakeProfit=1.06006, Revenue=+56,76$

On Friday night time, the Euro entered the useless zone. The value went out of the purple zone solely after 8:00 GMT and instantly gave a possibility to enter the market within the path of SELL.

Determine 4. EURUSD SELL 0.18, OpenPrice=1.05936, StopLoss=1.06021, TakeProfit=1.05660, Revenue=+48,71$

In that method the technique Owl Sensible Ranges labored very effectively throughout such a tough week filtered out many trades which may deliver a loss.

PS: I personally decided another filter for myself however I didn’t publish it within the technique guidelines – don’t enter the market if the cease is bigger than 50 pips. Thus, the primary unfavorable commerce on EURUSD wouldn’t have been opened (StopLoss of the primary commerce is 44 pips).

GBPUSD assessment

The Owl Sensible Ranges technique on the EURUSD pair gave a possibility to realize good income this week, let us take a look at what occurred on GBPUSD.

The British pound spent the entire of Monday and a part of Tuesday within the useless zone. It received out of the useless zone solely at 9:00 GMT, after which with a pointy upward value motion on the information in regards to the enterprise exercise the market reversed all the symptoms up in an hour. (Often after such strikes I take a pause in buying and selling for twenty-four hours for this pair however there aren’t any such guidelines within the technique, so let’s have a look at what’s going to occur).

Determine 5. Sharp reversal of GBPUSD into an upward development.

The primary purchase commerce was opened round midnight on Tuesday and really shortly closed its revenue (Cease dimension was 43 pips, I normally skip such trades however EURUSD deal was registered within the desk, so let’s register this one too).

Determine 6. GBPUSD BUY 0.35, OpenPrice=1.21073, StopLoss=1.21030, TakeProfit=1.21213, Revenue=+48.84$

Then GBPUSD entered the useless zone as soon as extra, and on Thursday once more all the symptoms outlined a downward development. The upward motion within the GBPUSD has not been developed which implies that we’ll once more wait for brand spanking new alerts to promote the GBPUSD for {dollars}. The following commerce was closed manually following the rule:

If the Valable ZigZag Indicator confirmed the wrong way the commerce needs to be closed on the market value.

The following commerce was closed with a minus once more on a chaotic value motion up and down, and there have been no extra offers on GBPUSD this week.

Determine 7. GBPUSD SELL 0.28, OpenPrice=1.20212, StopLoss=1.20275, TakeProfit=1.20010, Revenue=-17.50$

AUDUSD assessment

Just like the British Pound, the Australian Greenback spent the start of the week within the purple zone. The primary commerce was opened at 9:30 GMT. The revenue on the commerce was mounted solely within the night transferring nearer and additional away from the TakeProfit degree a number of occasions. Respectively, based on the foundations of the technique we missed the entire alerts on Tuesday as we already had one commerce on AUDUSD out there.

Determine 8. AUDUSD SELL 0.12, OpenPrice=0.68886, StopLoss=0.69011, TakeProfit=0.68480, Revenue=+48.72$

I gives you another instance of an order that needs to be deleted. A brand new degree Up of the Full Fractals Indicator has been shaped, so the pending SELL LIMIT order positioned on the white line needs to be eliminated with out ready for the opening. As it will be anticipated, if the order had not been eliminated, we’d have obtained a loss on this commerce.

Determine 9. An instance of sign cancellation for AUDUSD.

Within the night of February 22 we entered the market once more at 17:45 GMT. The commerce was closed profitably when the Valable ZigZag Indicator turned failing to achieve TakeProfit degree simply 45 pips.

Determine 10. AUDUSD SELL 0.13, OpenPrice=0.68267, StopLoss=0.68379, TakeProfit=0.67903, Revenue=+19.50$

On February 23 once more there was a sign to promote the Australian greenback for the American greenback. The market went from the opening value degree to the TakeProfit degree for nearly 12 hours, however nonetheless, round 16:00 GMT, the revenue was mounted.

Determine 11. AUDUSD SELL 0.17, OpenPrice=0.6833, StopLoss=0.68417, TakeProfit=0.68046, Revenue=+48.97$

On February 24, there have been new promote alerts however the market wasn’t corrected, so the pending orders have been deleted and there have been no extra trades on AUDUSD this week.

Thus, the Owl Sensible Ranges technique received an ideal consequence on AUDUSD for the ninth week of 2023 with 4 out of 4 constructive trades.

The whole results of the week is +28.3% revenue.

Complete on the finish of the ninth week of 2023 +28.3% revenue at 1.5% danger per commerce. I feel this can be a very first rate consequence.

Obtain the Owl Sensible Ranges Indicator and examine this consequence your self making use of all of the buying and selling guidelines based on the Instruction for the Owl Sensible Ranges Indicator.