Compare & Contrast with Christopher Lewis

Three of the biblical principles from which Numerical Price Prediction was established are:
  1. Systems generally operate at peak performance when the interactions between their component parts evidence strong, healthy relationships.
  2. The best plans are usually established in the presence of a multitude of counselors.
  3. Rightly interpreting the signs of the times is an absolute necessity.
Accordingly, I am going to shift my focus to continuously analyzing all the component parts of the system, with my goal being to rightly integrate the counsel offered by their signals such that my interpretation of what they are telegraphing comes as close as possible to flawless.

I will start with the big picture and drill down bit by bit. This will be an extensive process that I will complete throughout the days, weeks and months. And when it comes to EURUSD, it has been falling ever since June of 2021. It therefore seems likely that the climb it initiated on July 15, 2022 is only temporary. At 1.0178, the rate is in the upper region of the two-day price range (which is bullish, and consequently, could theoretically continue rising), which is a somewhat bearish scenario.

Moreover, candlesticks are painting in the upper half of a bearish four-day price range envelope. So, I'm concluding that, if noting else, it makes sense to at least look to short the pair when candles are forming near the top of the daily price range, which I presently calculate to be between 1.0257 to 1.0270, or up at 1.0302 at the extreme. Whether this is true or not is something I'm hoping to determine over the next couple of days.

GBPUSD is in a similar situation.
 
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AUDJPY is forming a red candlestick when the day-to-day trajectory is north. Unless it has its eyes on a fully-fledged reversal, this is setting up for a long position. I calculate support in the form of the lower end of the price range in the neighborhood of 94.60 down to 94.09.
 
From a bird's-eye view perspective, AUDUSD has been falling ever since April 5, 2022. Yet, it is in the midst of a wave that must surely eventually form a crest. Hence, the structure of this pair suggests to me that I should be on the lookout for the right moment to enter a short position (i.e., when the pair is making its initial move to come crashing back down).
 
expiated said:
GBPUSD is in a similar situation.
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The eight-hour and 16-hour measures are suggesting the the fall of GBPUSD is imminent. So, if and when the faster baselines (2-, 3- and 4-hour measures) turn south in agreement, it will give permission to go ahead and short the pair.
 
expiated said:
The eight-hour and 16-hour measures are suggesting the the fall of GBPUSD is imminent. So, if and when the faster baselines (2-, 3- and 4-hour measures) turn south in agreement, it will give permission to go ahead and short the pair.
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Permission to short GBPUSD was granted at midnight here on the West Coast, when the pair broke through temporal support at about 1.1981. The floor of this leg of the journey was established down around 1.1920, which would have made the trade worth about 60 pips' worth of profit.
 
expiated said:
Permission to short GBPUSD was granted at midnight here on the West Coast, when the pair broke through temporal support at about 1.1981. The floor of this leg of the journey was established down around 1.1920, which would have made the trade worth about 60 pips' worth of profit.
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You never mentioned that price appeared to have been rejected by the eight-hour temporal resistance level. As part of developing a comprehensive and cohesive routine for pulling all aspects of your system together for any and all analysis, ALWAYS mention what is going on with temporal support/resistance; not to mention horizontal support/resistance, statistical support/resistance, market structure, reoccurring chart patterns, and trend lines.
 
The 2⅔-hour price flow suggests that AUDJPY is going to be coming down from 95.16.
It also suggests the EURJPY will be coming down from 140.45.

UDATE: This was (potentially) about 13 pips of profit...
AUDJPY
upload_2022-7-21_16-39-18.png


Approximately 30 minutes later, this returned (potentially) 20 pips of profit...
EURJPY
upload_2022-7-21_16-42-19.png
 
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expiated said:
Approximately 30 minutes later, this returned (potentially) 20 pips of profit...
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EURJPY eventually dropped all the way down to about 140.00 before back tracking for an additional 20 pips of profit. On the other hand, AUDJPY was probably only able to manage just over another 10 pips before doing the same.
 
As of a moment ago, I determined I would come to this thread to consider the foreign currency pairs in terms of two concepts, "errant sons" and "boundary violations."

EURJPY became and errant son with respect to the bearish eight-day baseline on Tuesday. It looked like it was trying to fall on Wednesday and Thursday, and then finally succeeded on Friday. However, the 12-day through 40-day price flow envelopes are all bullish, so will the pair head north again somewhere near the base of the eight-day price range (if not sooner), presently calculated at 136.38? (Current price is 138.98.)

The past three months suggest one could make a lot of money buying a bullish AUDJPY during pullbacks below the 12-day baseline.

If a very bearish AUDUSD climbs above 0.6956, it will have become an Errant Son with respect to the 12-day baseline, and it would be time to start looking for the right time to enter a short position.

Sell a neutral EURUSD that looks like it is trying to roll over anywhere near the top of its daily price range, which I calculate to be in the neighborhood of 1.0268. (The rate is currently at 1.0213)

GBPJPY is an Errant Son with respect to the bullish eight- and twelve-hour baselines, and all the longer-term measures are bullish as well. That would seem to indicate this pair is a buy as soon as the two day-baseline reverses north.

USDCFH is headed for the 40-day baseline and just might find a considerable amount of support there.

NOTE: I like the six-day price range envelope at 3.00% deviation for "first level reversals" on a daily chart.

LOOK TO BUY THESE PAIRS IF THEY GET INTO AN ERRANT SON SCENARIO ON THE HOURLY CHARTS...
AUDUSD,

LOOK TO SELL THESE PAIRS IF THEY GET INTO AN ERRANT SON SCENARIO ON THE HOURLY CHARTS (But be careful, because all of them were bullish up until Friday, when their sentiment switched to bearish)...
AUDJPY, EURJPY, GBPJPY,
 
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