Compare & Contrast with Christopher Lewis

[expiated]

I can't really expect the statistical probability that the odds of my seeing a positive outcome are at this point in my favor, and should therefore not be surprised if this ultimately turns out to be a losing trade.

So then, in one sense Test Trade #1 was a failure, but in another sense, it wasn't given that if I had been willing to stay awake all night and enter positions after actually getting the go ahead from this tactic's trigger signals, I would have ultimately entered positions as suggested by the arrows plotted on the chart below (and profited accordingly).

So in this sense, last night's failure in effect verifies that the strategy—if implemented exactly as intended—will indeed work. And at 192.74, GBPJPY is once again at a pivot point where I have to wait to see if it the final decision will be to resume a northbound trajectory or to turn tail and head south once again.

 

[expiated]

I have to wait to see if it the final decision will be to resume a northbound trajectory or to turn tail and head south once again.

So then, the final decision was to resume climbing higher. Ideally, I would have pocketed my gains at the local peak about an hour ago and then waited around to see if the yen pairs would get a second wind, but after putting on the trades I went back to sleep to get the additional needed rest. Seeing as how it is a bank holiday in Canada and the USA, I cannot count on a lot of fresh momentum to push rates higher, so I'm probably going to need to lower my take-profit targets...

 

[expiated]

Even so, next week I want you to try out this five-minute-chart trade alert indicator instead. I'm pretty sure it's going to reward you with substantially greater returns than the one-minute-chart chart signals above...

I've modified the alert mentioned above so that the requirements for entering a position are much more stringent. As hinted at in the image below, it will not be uncommon for the indicated to register a single signal, or even no signals at all, per each foreign currency pair on any given day.

Per the chart graphics present (or not present), this long position was not triggered by any signal, but was based instead on other criteria from the five-minute protocols "invented" over the weekend (referenced in the quote box).

The problem is that USDJPY is not trending right now, so the only thing going for it possibly climbing higher is price currently being positioned near the bottom of key price ranges. That "should" happen if it remains committed to succumbing to bullish inclinations, but if it suddenly decides to switch to a bearish disposition, I'm goin to be out of "luck."

UPDATE...

As I was proofreading the above entry, my mind's eye imagined seeing a trendline on the chart, so I drew it in my charting program and discovered that the level had been violated! This is NOT a good omen:

In fact, if a baseline that I will call "The Arbiter," which is presently neutral, begins hooking downward instead of upward, I'm planning to abandon this position immediately.

 

[expiated]

So then, even though USDJPY is at the bottom of key price ranges, those measures are now all bearish. Having consequently reversed my position without first waiting for a pullback (which might hypothetically never materialize), I'm curious to see whether I recoup my recent loss, or am sadistically stopped out even after heading in this new direction.

 

[expiated]

So then, in one sense Test Trade #1 was a failure, but in another sense, it wasn't given that if I had been willing to stay awake all night and enter positions after actually getting the go ahead from this tactic's trigger signals, I would have ultimately entered positions as suggested by the arrows plotted on the chart below (and profited accordingly).

So far, the USDJPY short position has returned double my recent loss, again confirming the validity of the trigger signals—including The Arbiter—suggested by last weekend's new five-minute tactics and their potential for generating greater gains than the one-minute protocols that preceded them.

 

[expiated]

After waking up this morning, I was waiting for the yen pairs to turn north again. USDJPY did so around 7:40 AM PST in the neighborhood of 145.44, but I was in transit at the time and therefore got in late.

This bullish intraday move has not come to a definitive end, but price hasn't done much in the last 35 minutes, the market typically dies around this time of the morning and I have other things to do, so it looks like this is about all I'm going to get out of this leg of the journey.

As I gain confidence in this specific approach I'll start trading two, and then three, and then several contracts at a time to increase my haul on each outing AND begin trading more than one pair at a time to maximize my earnings each day.

I'll also start working on gaining the same facility with trading gold, silver, crude oil and natural gas (with gold being the REAL money maker).

 

[expiated]

I'll also start working on gaining the same facility with trading gold, silver, crude oil and natural gas (with gold being the REAL money maker).

Note that you believe you have, as of this morning, zeroed in on the "best" set of measures to use for day trading (guerrilla trading/scalping?) gold.

As the above image illustrates, you can sometimes make over a hundred bucks in just a few minutes off a single solitary NADEX Knock-Out contract.

 

[expiated]

Since you're finished developing Numerical Price Prediction (NPP), on September 9th you were considering options for organizing your time to best trade the system. In glancing at a typical chart and when your trade alerts sounded, it initially looked like you should plan to spend up to about four or five hours monitoring a given position, and four or five hours waiting for the next move once a given pair went into (range bound) consolidation, accumulation or distribution.

Here is the sample chart you used on that day compared to the one you used for the current 24-hour market cycle (Pacific Standard Time).

 

[expiated]

THE IMPORTANCE OF CONTEXT
Peter Reznicek

I went ahead and traded around the clock during the last 24-hour market cycle of the week, and based on that experience while taking to heart what Peter Reznicek had to say in the video from which I excerpted the above-linked text, I drew on my accumulative chart knowledge to code the potential-trade alert below.

Hourly Chart

It looks like this indicator is destined to signal an average of one trade setup per day per foreign currency pair, which is fine given that I have shifted from trading Nadex binary options to trading Nadex knock-outs using a pseudo swing trading rather than guerrilla trading/scalping modus operandi.

 

[expiated]

I went ahead and traded around the clock during the last 24-hour market cycle of the week, and based on that experience while taking to heart what Peter Reznicek had to say in the video from which I excerpted the above-linked text, I drew on my accumulative chart knowledge to code the potential-trade alert below.

The above-mentioned pseudo-swing-trading indicator is fine for what it does, but I also want to be made aware of a number of justifiable intraday trade opportunities as well. I therefore coded an additional alert (the dark gray arrows in the image below) that will notify me when such conditions are unfolding...