Compare & Contrast with Christopher Lewis
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99.29% of the threads and people here on ET are cancers, to one another. A spiderweb of interconnected cancers.
The bests traders in the world have gone their own way, free and clear of outside influences. A person/prospective trader only has so much attention span and mental capacity and gusto within them...it's important, vital, to not fill it to capacity with bs, nonsense, hype and misinformation that leads to nowhere, strain and drain.
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I pretty much agree with what MacBookProHo says here. That's why this thread no longer pays much attention to the opinion of Christopher Lewis, or Cristian Moreno, or Brad Gilbert or even Peter Reznicek; whose forescasts I viewed at one time or another in this thread, but primarily for the FUN of it, hence the Title: "Compare & Contrast." (Trading on one's own can get kind of boring sometimes.) However, I trust my own opinions more than anyone else's, and sometimes record them in this journal for easy reference.
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Except that if you look at the weekly, six-day, and 12-day price range channels, they are all pointed south, which suggests the pair should eventually head in THAT direction.
Oops! Did I forget to mention Raman Gill?
Monthly Forecast
I have an idea that recently occurred to me while looking at monthly charts. I won't go into the details because at this point, my feeling is that Numerical Price Prediction has become too powerful to continue revealing ideas publicly. But, I can at least record outcomes here to confirm whether or not thoughts have any validity.
These situations do not quite me the minimum requirements for what I'm about to do, so it will be a poor test. However, if the forecasts turn out to be correct, even when the scenarios are not quite right, that would suggest that when they DO meet specifications, the outcomes will simply be that much more certain.
In any case, if rates remain pretty much where they are now for the rest of August, I have reason to believe there is a good chance EURGBP will fall during September, and that USDCHF will decline as well.
Sunday, September 11. 2022
Six of the ten currency pairs I follow look like they are now, or might (soon) be, reversing their day-to-day trajectories. They are AUDUSD, EURGBP, EURJPY, GBPJPY, GBPUSD and USDJPY. However, none of these trajectories are in the "right" direction, meaning that none of them match the weekly and/or six-day price flows.
Even so, EURJPY and USDJPY are in the ether regions of their 12-day price ranges, suggesting that theoretically, they could nevertheless drop quite significantly.
Moreover, AUSUSD is at the bottom of its six-day price range, so it too has room to operate, which is to say, room to climb. (Its 12-day price flow is neutral.)
Conversely, GBPJPY is at the top of its six-day price range.
Then again, if one takes a look at the projected monthly price ranges, @ 97.58, AUDJPY is already at the top of one estimation, with the second calculation being only 43 pips away at 98.01. So, if it continues to climb higher, does this mean that it is almost guaranteed to turn around and head south at some point during the second half of this month?
USDJPY has already done this, has already turned south after extending itself beyone the projeted monthly price range. GBPUSD and AUDUSD both turned north after breaching one calculation and almost tagging the second. And EURUSD turned north after almost tagging both of its estimations, which match (are the same). Finally, EURJPY turned south after doing so.
In other words, several of the pairs that are now near the limits of their projected weekly price ranges had already exceeded the limits of their projected monthly price ranges, and are presently pulling back from them.
By the way, in my previous post I wrote that I had reason to believe that there was a good chance EURGBP would fall during September, and that USDCHF would decline as well.
Though USDCHF did indeed decline the first week of September, I cannot stick with either of those assessments, because with the closing of last month, both of their monthly trend lines turned north.
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.Tuesday | September 20, 2022
USDCAD and USDCHF are the only two currency pairs that are trending well (north) from a day-to-day perspective.
EURGBP is making decent progress, but the way in which it is doing so is crazy...three days in decline and then one monster day in advance...four days in decline and then a monster day of advancement followed by a moderate day of advancement...etc.
AUDJPY looks like it is in the process of trying to initiate a resumption of its trek to the north. The same thing can be said of GBPJPY.
EURJPY has spent the last four days in consolidation/accumulation.
EURUSD has spent the last five days pretty much going nowhere.
USDJPY has spent the last 10 days more-or-less getting nowhere.
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