Review of trades of the Owl Smart Levels strategy for the week from September 4 to 8, 2023

Today I present you an overview of trades made using the Owl strategy - smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from September 4 to 8, 2023. There were opened a total of 6 trades, two for each currency pair. The Owl Smart Levels indicator traded all currencies on the downside against the dollar, which means that it caught a stable trend of growth of the American currency, thus achieving a positive result.

EURUSD review

On Monday, the market was completely in the dead zone. The Owl Smart Levels indicator gave the first signal to open a trade on EURUSD only on Tuesday morning.

Fig. 1. EURUSD SELL 0.22, OpenPrice = 1.07915, StopLoss = 1.07983, TakeProfit = 1.07697, Profit = $48.09.

Having predicted the fall of the euro from the level of about 1.0795 (dotted line above the order opening line), the Owl Smart Levels indicator suggested opening a trade, which brought a profit of 48$.

On Wednesday, the market spent almost the whole day in the dead zone, and the next trade occurred in the evening.

Fig. 2. EURUSD SELL 0.10, OpenPrice = 1.07249, StopLoss = 1.07392, TakeProfit = 1.06785, Profit = -$1.57.

The indicator warned in time about the necessity to close the trade by reversal of its big arrow, and thus reduced the loss to intangible. 

There were no trades on Thursday, and on Friday the market was again in the dead zone all day long.

GBPUSD review

The Owl Smart Levels indicator suggested opening a quite profitable, as it turned out later, trade on Monday afternoon.

Fig. 3. GBPUSD SELL 0.19, OpenPrice = 1.26330, StopLoss = 1.26411, TakeProfit = 1.26070, Profit = $48.15.

The trade was closed by TakeProfit and brought profit in the amount of $48, which is our indicator's favorite.

But the next trade, opened on Thursday, had to be closed manually, but since the signal was given in time, the losses were minimal.

Fig. 4. GBPUSD SELL 0.09, OpenPrice = 1.24704, StopLoss = 1.24864, TakeProfit = 1.24184, Profit = -$3.38.

The market spent Friday in the dead zone and there were no more trades on the asset.

AUDUSD review

As well as for the other two assets, there were two trades for selling on AUDUSD.

Fig. 5. AUDUSD SELL 0.27, OpenPrice = 0.64595, StopLoss = 0.64650, TakeProfit = 0.64417, Profit = $5.73.

The first of the two trades was closed on the timely signal of the indicator with an insignificant profit of 5$.

But on the last trade, the reverse market movement was very rapid and went far enough, so the indicator, unfortunately, did not have time to warn about it.

Fig. 6. AUDUSD SELL 0.16, OpenPrice = 0.63716, StopLoss = 0.63811, TakeProfit = 0.63410, Profit = -$15.

The trade closed in the negative, and the loss amounted to 15$.

Wednesday, Thursday and Friday showed that the market was in a deep dead zone, and there were no more trades opened on the asset.

Results:

So, there were 6 trades during the last trading week. Three of them were profitable and three were unprofitable. In the Owl Smart Levels strategy, the profitability of each profitable trade far exceeds the size of the losing one, so the final table looks quite favorable.

We will see how the trading will look like and how the market will behave, as well as what trades will be offered to us to open Owl Smart Levels on Monday, during the upcoming trading week.

I'm Sergei Ermolov, follow me and don't miss more useful tools for profitable trading on the Forex market.