Compare & Contrast with Christopher Lewis

[expiated]

USDJPY is very, very bullish @ 130.81, but is poorly structured at this time for entering a long position.

Thankfully, USDJPY was kind enough to drop down a bit, and then "took off" about nine hours ago...

No surprises here. As things stand, I have full faith and confidence in my settings and setups and will not be doing any more testing or analysis. This comparison/contrast with what I was anticipating and what actually happened leaves no question in my mind but that what I began in August of 2017 is now essentially finished...

 

[expiated]

Failing to recognize that the run was over about 16 hours into the session could have cost an individual all of that potential profit had they not pocketed it when they had the chance.

It's possible...possible...that the trip north being short lived could have been anticipated by the fact that the eight hour baseline has been decidedly bearish ever since the last quarter of Friday.

 

[expiated]

Sunday | June 19, 2022 | 5:00 PM PST
Numerical Price Prediction "Overlap Bias" Forecast:

At 94.10, you want to sell AUDJPY, since you do not expect to see the pair go much higher than 94.55. However, you will need to wait for the two-hour baseline and its faster cousins to reverse their bullish ways before doing so.

Consider buying EURGBP if you get another red four-hour candlestick, or if it falls below the 0.8547 neighborhood.

At 141.92, selling EURJPY is what you would like to do more than anything else. But again, like AUDJPY, it will need to reverse its current bullish ways before you do so. (It is already pushing the limits of upper resistance.)

At 165.39, GBPJPY is similar to AUDJPY. And you're not expecting to see it climb much higher than 166.197.

At 0.9694, USDCHF is in the depths of its price range, so it is a buy as soon as it begins to communicate any kind of intraday bullish intent whatsoever, even though it is bearish overall. You are not expecting to see it fall below the 0.9621 level.

That's Monday at 3:00 PM PST to Friday at 12:00 noon PST.

 

[expiated]

Monday | June 20, 2022 | 7:40 PM PST

USDCAD is extremely bullish, but at 1.2947, it has hit temporal support. It therefore goes on my watch list as a buy candidate if and when the two-hour (and four-hour) baseline(s) resume a northbound trajectory.

 

[expiated]

Tuesday | June 21, 2022 | 12:07 AM PST

So far, only AUDUSD has offered any kind of reasonable justification of executing a trade. I'll be using the 0.6993 knock-out level (i.e., stop loss). This gives me about 30 pip's worth of wiggle room, which I hope will be enough.

The two-day price flow is definitely bearish, and the two-hour baseline joined the four-hour baseline in a southbound trajectory about an hour and a half ago. This is not the best entry level because the 20-minute trend line is bullish. But unfortunately, I cannot sit here and wait for it to reverse direction, so I am actually breaking a hard and fast rule by entering the position now, but what's a fella to do?

Consequently, I'll be depending on the 105-minute temporal resistance level to hold, along with the first level of the two-day price range (and even the second level is still below 0.69931), as well as a bearish 70-minute baseline, all of which should offer at least some degree of pressure on the rate to initiate another bearish cycle/wave south sooner or later.

 

[expiated]

I'll be depending on the 105-minute temporal resistance level to hold, along with the first level of the two-day price range (and even the second level is still below 0.69931), as well as a bearish 70-minute baseline, all of which should offer at least some degree of pressure on the rate to initiate another bearish cycle/wave south sooner or later.

I forgot to mention that I have also plotted a smoothed version of the 26-hour baseline on the four-hour chart configuration to help verify when a pair has transitioned for bullish to bearish and vice versa, and according to this measure, AUDUSD has turned bearish.

I pocketed my gains at $6.00 because the pair is not making any overall forward progress and none of the other rates have either, except to say that EURJPY has now managed to climb high enough to make contact with the upper band of its two-day price range envelope.

 

[expiated]

As of 5:45 AM PST, these pairs have reached, or have almost reached, the upper limits of their typical price ranges:

• AUDJPY
• EURJPY
• GBPJPY
• USDJPY

Of course, this doesn't mean they won't climb yet higher. It just means I will be looking for the telltale sings that signal when they are about ready to begin the process of falling.

 

[expiated]

Aside from the fact the the rate is not currently located above the top of the projected weekly price range (at around 1.2357 to 1.2404), most everything else about GBPUSD (presently at 1.2266) is a "Go!" for entering a short position...

For example, the two-week price flow has been negative ever since February 20, 2022; the smoothed version of the 26-hour moving average looks to be turning over; the two-hour baseline formed a downward hook a couple of hours ago, and though the four-hour baseline is still bullish, the two-hour measure has crossed below it, along with all the faster measures and the candlesticks; and the 105-minute temporal resistance levels are forming lower highs.

This is the first trade designed to really test the new Weekly/Four-hour Bias Overlap NPP methodology in my live account. Again, the market is just poking along, so I don't have "high" hopes of avoiding a stop loss, but I DO think the trade should be successful anyway if the methodology is as robust as I hope it might be.

 

[expiated]

Of course, this doesn't mean they won't climb yet higher. It just means I will be looking for the telltale sings that signal when they are about ready to begin the process of falling.

At long last, we're finally in business...

Ditto for AUDJPY and GBPJPY.

 

[expiated]

This is the first trade designed to really test the new Weekly/Four-hour Bias Overlap NPP methodology in my live account. Again, the market is just poking along, so I don't have "high" hopes of avoiding a stop loss, but I DO think the trade should be successful anyway if the methodology is as robust as I hope it might be.

Thankfully, my stop (the knock-out) was never hit, and I'm locking in my profits (pocketing my gains) here at 1.2229, which means it took about twelve hours total for this trade to play out for me...