Review of trades of the Owl Smart Levels strategy for the week from May 29 to June 2, 2023 – My Trading – 5 June 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 May 29 to June 2, 2023.

There were opened only seven trades on each currency pair. The Owl Smart Levels indicator did its job and indicated the dead zone as usual, prompted to close the trades manually on the reversal of the big arrow on M15 timeframe and recommended opening profitable trades.

EURUSD review

The Owl Smart Levels indicator gave the first signal to open a trade for selling on EURUSD on Monday.

Fig. 1. EURUSD SELL 0.31, OpenPrice = 1.07140, StopLoss = 1.07189, TakeProfit = 1.06980, Profit = –$9.49

The trade was negative, but the losses were minimized with the help of the big indicator arrow.

On Tuesday afternoon the market was in the dead zone, and the next trade was opened in the evening, also for selling.

Fig. 2 . EURUSD SELL 0.07, OpenPrice = 1.06785, StopLoss = 1.07053, TakeProfit = 1.05919 Profit = -$3.20

The trade was closed on time on the reversal of the big arrow of the indicator, which allowed to minimize the loss.

On Thursday afternoon the market spent in the dead zone, but one more trade was opened in the morning.

Fig. 3. EURUSD SELL 0.25, OpenPrice = 1.06860, StopLoss = 1.06939, TakeProfit = 1.06606 Profit = -$1.27

The trade also went into minus, and also at the prompting of the indicator. Minuses were getting smaller and smaller, and it was about time for the plus to appear.

On Friday afternoon the market was in the dead zone again, but in the morning one more trade was opened for buying.

Fig. 4. EURUSD SELL 0.54, OpenPrice = 1.07624, StopLoss = 1.07582, TakeProfit = 1.07758 Profit = $71.79

It has brought the main profit, having closed at TakeProfit. But the next one was negative again and already lost by StopLoss.

Fig. 5. EURUSD BUY 0.23, OpenPrice = 1.07685, StopLoss = 1.07620, TakeProfit = 1.07895 Profit = -$15

GBPUSD review

After the dead zone that lasted during the whole Monday, the Owl Smart Levels indicator suggested to open a trade for selling on GBPUSD asset from the level 1.23456 on Tuesday.

Fig. 6. GBPUSD SELL 0.13, OpenPrice = 1.23456, StopLoss = 1.23571, TakeProfit = 1.23082, Profit = -$12.52

The trade has managed to close on the reversal of the big arrow of the indicator and reduce losses.

On Wednesday and in the second half of Friday the market was in the dead zone and there were no more trades on the asset.

AUDUSD review

There was also one trade on AUDUSD. The market was in the dead zone for Monday and most of the day on Thursday. The trade was opened on Friday afternoon. The trade turned out to be unprofitable, but the losses have not been minimized.

Fig. 7. AUDUSD BUY 0.15, OpenPrice = 0.66175, StopLoss = 0.66074, TakeProfit = 0.66501, Profit = -$15

So, last week 7 trades were opened, four of them were for selling and three for buying. Two trades were closed by StopLoss, one by TakeProfit with good profit and four more trades were closed manually by the indicator in time to minimize the losses.

Results:

So, after a good profit of the week before last, the results of last week look much more modest. Nevertheless, the result is positive. Well, let’s see what the next trading week will bring and what trades the Owl Smart Levels indicator will suggest to open.

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