Compare & Contrast with Christopher Lewis

expiated said:
Whether or not such outcomes can be replicated day after day remains to be seen.
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The success of these trades might be at least partly attributable to the "Wrong Side of the Eight-hour Baseline" strategy.
 
Based on the above theory, there should be better than average odds that, 24 hours from now, EURGBP will be lower than where it is presently located. So, let me test it and see if it turns out to be true...

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expiated said:
The reason its use comes into play now is because I wanted a measure that mirrored the gist of the dynamic/adaptable price range envelope pictured below (which probably needs to be widened just a bit) but that didn't evidence so much zigzagging.
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(That zigzagging measure probably approximates the one-hour price range envelope at 0.25% deviation.)
 
expiated said:
It would be my preference to avoid having to make these constant reversals up and down, and toward that end, I am abandoning the "go with the flow" style of trading and testing an approach based on the trajectory of the four-hour price range.
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In fact, I'm taking this a step further and testing an approach based on the trajectory of the eight-hour price range.
 
expiated said:
Based on the above theory, there should be better than average odds that, 24 hours from now, EURGBP will be lower than where it is presently located. So, let me test it and see if it turns out to be true...
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The Euro-Pound opted to head north for a little while, but then changed its mind and came back down...

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I don't really see much else to consider here. So, my focus now is simply going to be polishing my interpretation skills with respect to the use of what I view on my charts to forecast where I think price is most likely to find itself in the not-too-distant future.
 
expiated said:
I don't really see much else to consider here. So, my focus now is simply going to be polishing my interpretation skills with respect to the use of what I view on my charts to forecast where I think price is most likely to find itself in the not-too-distant future.
More...
This has done much to explain and make sense out of price action, better than previously and to a surprising degree. These are observations and insights that shall remain in my private notes, and might very well constitute the "final" touches to the NPP system (if anything is ever final).
 
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