Trading review for the week from November 25 to 29, 2024 based on the ATR Zone indicator – My Trading – 1 December 2024
Here is another review of trading using the ATR Zone indicator during the week from November 25 to 29, 2024.
Two trades were opened this week on the EURCHF currency pair. The first trade was closed at TakeProfit, which was set at the Fibonacci level of the next day, the second trade was closed at StopLoss. The total balance is positive.
On the second cryptocurrency by trading volume after bitcoin, the first three trades were closed at TakeProfit. The last trade, opened behind the zone of the average daily move with the calculation of the return, was closed at StopLoss. This instrument works well at the levels of the indicator. The total balance for the week is positive.
Gold, popular among traders, bounced from the level of the daily move and closed at TakeProfit one day after the opening. It turned out to be a good swing trade.
There were two bounces from the indicator levels in oil during the week. The trades were closed at TakeProfit, which was set at the Fibonacci level determined by the ATR Zone indicator.
The NASDAQ index, which is extremely popular in trading, also contributed to the weekly profit. The price after a strong fall, which is typical for this instrument, bounced from the Fibonacci level and closed at the average level of the daily move of the next day. The potential of the trade was higher by about two times.
The trade on this instrument was opened on the exit from the zone delineated by the Fibonacci level and closed at TakeProfit.
Active trading based on the ATR Zone indications was carried out last trading week on the GBPUSD currency pair. The total balance is positive.
Trading on EURUSD was also effective. The total balance is also positive.
Conclusion:
Trading, which was carried out during the past week with the help of the ATR Zone indicator, was effective and profitable. The indicator was used to determine entry points based on the bounce from the levels or trades were opened in the places of exit from the zones delineated by the levels. The indicator was also used to determine the levels of profit fixation.
The picture shows two indicators, Owl Smart Levels and ATR Zone. Parameters and methods of calculating levels on these indicators are different, but, as we can see, these levels often coincide. Therefore, using these two indicators in combination will be very effective.
See other trading reviews with the ATR Zone indicator
I’m Sergei Ermolov, follow me and don’t miss more useful tools for profitable trading on the Forex market.
