Weekly Owl Smart Levels Strategy Trading Review for January 8-12, 2024 – My Trades – January 15, 2024
Today I present an overview of trades made using the Owl strategy, smart levels on the EURUSD, GBPUSD and AUDUSD currency pairs during the week from January 8 to 12, 2024.
For convenience and timely signal reception, I use: Owl Smart Level Indicator. The main trading time frame is M15, while the H1 and H4 time frames are used to confirm the trend direction on higher time frames.
EURUSD Review
The first trade for this currency pair began at 9 am on Monday at the signal of the Owl Smart Levels indicator and closed with a profit of 3 $ according to the rule of arrow reversal in the default time zone.
FIG. 1. EURUSD SELL 0.18, OpenPrice = 1.09438, StopLoss = 1.09523, TakeProfit = 1.09164, Profit = $3.53.
The second trade for this financial instrument took place on Tuesday at 19:15 and closed with a profit of $7, following the rule of closing all trades at 23:00 (last time).
FIG. 2. EURUSD SELL 0.10, OpenPrice = 1.09349, StopLoss = 1.09504, TakeProfit = 1.08847, Profit = $7.45.
The third trade for this currency pair occurred at 21:00 on Thursday and was closed according to the rule of closing all trades at 23:00 (last time), resulting in a profit of a few cents.
FIG. 3. EURUSD SELL 0.06, OpenPrice = 1.09717, StopLoss = 1.09979, TakeProfit = 1.08871, Profit = $0.57.
GBPUSD Review
The first and only trade for this currency pair was initiated on the Owl signal at 09:45 on Thursday and closed with a loss of $15 on StopLoss.
Figure 4. GBPUSD BUY 0.27, OpenPrice = 1.27642, StopLoss = 1.27587, TakeProfit = 1.27822, Profit = -$15.
AUDUSD Review
The first trade of this currency pair started on Monday at 16:30 on the Owl signal and ended on StopLoss, resulting in a loss of 15 $.
Figure 5. AUDUSD SELL 0.18, OpenPrice = 0.66904, StopLoss = 0.66989, TakeProfit = 0.66628, Profit = -$15.
The second transaction for this financial instrument occurred at 19:30 on Wednesday. According to the strategy, the trade was initiated with higher risk (1.75%). The risk for the first trade is set at 1.5% and if the trade ends at a loss the risk increases by 0.25%. The trade was closed with a loss of almost 9$ following the arrow reversal rule on the main time frame.
Figure 6. AUDUSD SELL 0.32, OpenPrice = 0.66940, StopLoss = 0.66995, TakeProfit = 0.66762, Profit = -$8.91.
The third trade for this currency pair occurred at 10 am on Friday. According to the strategy, the risk increased by another 0.25%, reaching 2%. The trade was closed by TakeProfit, resulting in a profit of $65.
Figure 7. AUDUSD SELL 0.29, OpenPrice = 0.67060, StopLoss = 0.67130, TakeProfit = 0.66832, Profit = $65.14.
result:
There were 7 transactions during the last trading week and the total balance is positive. The market was unable to choose a direction of movement as trading was sideways all week. In these difficult trading conditions, the Owl Smart Levels indicator and the trading system developed on its basis once again showed their efficiency when used in trading and brought a good return on deposits of 3.8% for a week. See final table for detailed data.
We will find out how the trade will proceed, how the market will behave and what trades will be available to open Owl Smart Levels on Monday during the upcoming trading week.
See other reviews of the Owl Smart Levels strategy:
I am Sergey Ermolov, Follow me so you don’t miss out on more useful tools for profitable trading in the Forex market.
