Compare & Contrast with Christopher Lewis

[maxinger]

This OP is UN natural. He writes day and night. He writes non stop. He is fully awake during day time and night time.

Soon he will have 100 journals.

He is a super professional writer.

Is he a super alien who doesn't sleep?

 

[expiated]

GBPUSD still has more room to rise, IF it decides to resume it's climb.

Now that GBPUSD is looking at a bearish four-hour baseline and is presently positioned almost 50% of the way into the lower half of a bullish four-day price flow envelope, it has become a much more attractive buy candidate. At this point, it is simply a matter of waiting for the four-hour measure to turn north once again.

AUDUSD is in a similar situation.

I'll be watching for EURGBP to turn south once again.

 

[expiated]

Now that GBPUSD is looking at a bearish four-hour baseline and is presently positioned almost 50% of the way into the lower half of a bullish four-day price flow envelope, it has become a much more attractive buy candidate. At this point, it is simply a matter of waiting for the four-hour measure to turn north once again.

The Cable-U.S. dollar continues to fall, so I will now be watching to see if it bounces off the first level of the "bottom" of the four-day price flow envelope, which my forecast models place at 1.2397.

 

[expiated]

The Cable-U.S. dollar continues to fall, so I will now be watching to see if it bounces off the first level of the "bottom" of the four-day price flow envelope, which my forecast models place at 1.2397.

That wasn't very "nice" of GBPUSD to turn south three hours ago. Hopefully, it will continue to climb from here and keep such maneuvers to a minimum.

 

[expiated]

Now that GBPUSD is looking at a bearish four-hour baseline and is presently positioned almost 50% of the way into the lower half of a bullish four-day price flow envelope, it has become a much more attractive buy candidate. At this point, it is simply a matter of waiting for the four-hour measure to turn north once again.

AUDUSD is in a similar situation.

I'll be watching for EURGBP to turn south once again.

 

[expiated]

USDJPY has breached the first of my three "statistical" resistance levels. So, even though the pair is very bullish, I am likely to be looking to sell it sometime during this, or the next, week.

 

[expiated]

Anecdotal Observations...

1. Over the last couple of days EURJPY has become very (day-to-day) bullish. So, if the hourly trend pulls back significantly, will it be a great opportunity to enter a long position?
2. AUDUSD and GBPUSD need to decide if they are going to continue south, because that's the day-to-day direction in which they are headed; or if they are going to turn north because they are bouncing off the bottom of their four-day price flow envelopes.
3. EURUSD has been very bearish for seven days now, and is presently rolling over. So, is now the time to sell?

 

[expiated]

Anecdotal Observations...

After reevaluating my charts, it appears to me that the ultimate direction of price is forecast by the 20-hour baseline and the 16-hour price range envelope. Given this observation...

1. Yes, if EURJPY's hourly trend pulls back significantly, it will be a great opportunity to enter a long position.
2. AUDUSD and GBPUSD are most likely to continue south.
3. EURUSD is kind of neutral rather than rolling over, so it is not clear as to whether it makes sense to sell right now (so I'll pass).

 

[expiated]

After reevaluating my charts, it appears to me that the ultimate direction of price is forecast by the 20- to 22-hour baseline(s) and the 16-hour price range envelope. Given this observation...

Yep... this appears to be correct. So, at this hour, with EURGBP (0.8700) headed north and the 16- and 22-hour measures headed south, I'm hoping to catch the pair as soon as I get a negative reversal in the one-hour trend line, with this shift in the gist or directional tendency at the more granular level confirmed by the three- (or 3.4, to be more precise) hour baseline.

 

[expiated]

The EightCap one-hour forecast model:

1. Don't be surprised to see reversals in the intraday (hourly) trend at one of the three "statistical" six-hour price range envelope levels at 0.45%, 0.65% or 0.85% deviation.
2. The overall gist or directional tendency of the intraday trend is suggested by the nine-hour baseline.
3. The overall gist or overall directional tendency of the day-to-day trend is conveyed by the 1¼-day (28.57 hours) baseline.

The Oanda one-hour forecast model:

1. The overall gist or overall directional tendency of the day-to-day trend is conveyed by the standard 22-hour (21.71 hour) baseline AND the 16-hour price range envelope at 0.85% deviation.
2. The overall gist or directional tendency of the intraday trend is suggested by the proprietary eight-hour price range envelope (this is more-or-less matched by the nine-hour baseline on the EightCap model) AND the standard eight-hour price range envelope at 0.25% and 0.75% deviation.
3. The immediate or "actionable" intraday price flow is represented by the 3.43-hour baseline.

The Oanda four-hour forecast model

1. The immediate or actionable intraday price flow is represented by the instantaneous moving averages.
2. The overall gist or overall directional tendency of the day-to-day trend is suggested by the proprietary 20-hour baseline.
3. The "global" directional tendency or the longer-term day-to-day trend is conveyed by the four-day price range envelope(s) at 1.20%, 2.00% and 2.50% deviation.

FINAL CONCLUSIONS:

• For the overall day-to-day directional tendency of price, look to the four-day measures.
• For the more immediate gist of where price is headed from day-to-day, look to the 20- to 29-hour moving averages.
• The general direction of price at the intraday level is suggested by the eight- to nine-hour measures.
• The overall "actionable" intraday price flow is conveyed by the 3.43- to four-hour baselines. Accordingly, drilling down to track the ups and downs of intraday bias/sentiment at the more granular intraday level is a matter of monitoring the "fanning" moving averages consisting of the three-, four- and five-hour baselines.