Compare & Contrast with Christopher Lewis

[maxinger]

I think it is fine to read / follow those materials.
In fact, that was where I started.

for those who traded eurusd past few days, chances of making money is rather challenging

Anyway as you go along, do develop your own holy grail.

 

[expiated]

I don't really see a need to wait for the U.S. Dollar-Loonie to reach one of the two areas mentioned by Christopher. I fully expect to see it fall from where it is right now (1.2441) to at least around 1.2270.

 

[expiated]

In light of recent setbacks I had to reevaluate the way I interpret the signals from my trading system, and as a result, I bought USDCAD this morning at around 1.2544 with a take-profit target near 1.2565. In turn, I was curious as to how Chris Lewis might be viewing this pair, so I checked out his forecast and he too was bullish...

 

[expiated]

Perhaps the pair eventually will break above the weekly candlestick, as Chris mentioned, but for the immediate future at least, I am definitely expecting to see this exchange rate continue to drop.

NOW I am inclined to agree with Christopher in that I finally expect to see EURUSD begin climbing from today's and yesterday's areas of support (at approx. 1.1735).

 

[expiated]

I agree. After falling from from September 21st to October 6th, the pair now looks like it wants to initiate a new leg to the north, though I would ideally like to see price pull back to a least 148.60 before I enter a long position.

 

[expiated]

Entered a long position at about 1.1801

Having formed yet another bearish leg, EURUSD is, from my perspective, once again properly structured for entering a long position (as soon as I get the go ahead to do so on my five- and/or one-minute charts).

 

[expiated]

I have only one reason for selling GBPUSD, which is that I’m testing an experimental regiment for diagnosing reversals and pullbacks, and according to the new procedure, this pair’s diagnosis is a turn to the south. However, this contradicts the assessment of Christopher Lewis, which is to “add slowly on dips.”

 

[expiated]

I’m testing an experimental regiment for diagnosing reversals and pullbacks, and according to the new procedure, this pair’s diagnosis is...

The diagnoses for USDCHF is a pullback in an uptrend, so I need to see if price hits my target before stopping me out.

 

[expiated]

I’m testing an experimental regiment for diagnosing reversals and pullbacks, and according to the new procedure, this pair’s diagnosis is a turn to the...

It appears to me that AUDUSD might now be initiating a new leg up.

But contrary to what I'm doing, it sounds like Lewis thinks short-term selling is in order...

 

[expiated]

The diagnoses for USDCHF is a pullback in an uptrend, so I need to see if price hits my target before stopping me out.

USDCHF is starting to evidence signs of being a full-fledged reversal rather than a mere pullback (not to mention a nice little head-and-shoulders pattern). If this turns out to be true, I should be able to recoup by loss by getting in on the ground floor of a new push south.