Compare & Contrast with Christopher Lewis

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The two-day measure went from neutral to bearish, forcing me to abandon my position at a loss.

It's beginning to look as if I might have bought AUDUSD one day too early...

 

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AJ Monte has a seven-point checklist he promotes with his viewers/listeners.

Here's a copy that's easier to read...

 

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I can't sell USDCHF quite yet, because my numbers suggest the overall day-to-day (AND the two-day) price flow is still bullish. Also, I'm waiting to see if the rate bounces off a bearish six-day baseline, or if it breaks out above it. To trigger a short position, I'll probably have to see one or two daily candlesticks close below at least 0.8765.

 

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As for the debate over who is really in control at the intraday level, the twenty- or the forty-minute price flow, you're asking the wrong question. As a matter of fact, there really IS no question. The ONLY time you want to enter the market is when BOTH of them are flowing in the SAME direction; doing so following pullbacks to the opposite side of the 20-minute temporal support/resistance channel.

I'd think this matter would have been settled, yet I've ceased to operate based on this contention due to a need to lock in gains more quickly. So, though the 20-minute baseline is still there, instead of pairing it with the 40-minute price flow, I'm partnering it with the 27-minute baseline along with the 27-minute price range envelope at 0.13% deviation.

Also, the 20-minute baseline has come to serve a subordinate role to that of the 8½-minute price flow, which is plotted as channels at 0.06%, 0.10%, 0.15% and 0.25% deviation, with the relevant level of deviation depending on the amount of liquidity and volatility the market is evidencing at the moment. Moreover, this measure has made the use of the 20-minute temporal support/resistance channel unnecessary.

 

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So, though the 20-minute baseline is still there, instead of pairing it with the 40-minute price flow, I'm partnering it with the 27-minute baseline along with the 27-minute price range envelope at 0.13% deviation.

Okay...in configuring a one-minute chart for this specific protocol, it turned out that I came to the conclusion that the 40-minute measure DOES or "should" still play a key role in the following ways:

1. One STILL needs to look to enter positions when candlesticks are painting on the exterior of the 40-minute moving average envelope at 0.04% deviation.
2. However, it's likely that this ONLY applies when the slope of the measure, as represented by the lower-panel histogram, is greater than 0.00576 or less than -0.00576.
3. Moreover, the bars on the lower-panel histogram that conveys the slope of the 8½-minute baseline should be painting on the same half of the channel as the 40-minute histogram AND at levels equal to or beyond 0.0117 or -0.0117.

(There is an interval close to the middle of the chart where the lower-panel indicators are right at the threshold of recommending that traders short the pair, except that it's arguable the 40-minute measure falls a little short.)

 

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Wednesday | December 13, 2023 | 5:20 AM PST

Going forward, I plan on combining the measures from the above post with a new approach to day trading based on Numerical Price Prediction which I'm calling "Belt Trading," as described in this entry from another thread...

 

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Thursday | December 14, 2023 | 11:30 PM PST

This here is it for me. I believe "Belt Trading" is the icing on the cake. It's the optimal way to milk the absolute maximum out of whatever NPP has to offer me (as best as I can tell)...

So, now I need to begin expending my "creative energy" on how to use egg timers, multiple screens and the like to start doing more and more multitasking during the day, seeing as how I can be waiting around hours and hours for just the right time to enter positions that might last for just a few minutes, or on the other hand, might take several additional hours to play out fully.

Accordingly, I'm going to need routines and systems for eating, exercising, reading, writing, working on projects and even working in a little bit of entertainment here and there, all without missing the proper entries and exits as suggested by NPP's constantly unfolding forecast models.

 

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Okay...in configuring a one-minute chart for this specific protocol, it turned out that I came to the conclusion that the 40-minute measure DOES or "should" still play a key role in the following ways:

Last week's protocol has morphed into what I find to be a more efficient application as follows...

1. Rather than being concerned as to whether candlesticks have breached the 40-minute measure at a certain threshold, simply observe whether the indicator is bullish, bearish or neutral—along with the 34-minute baseline—always trading in the direction of their corresponding slopes, if present; entering positions as price is coming out of pullbacks, which tend NOT to violate the "far" side (band) of the 40-minute channel at 0.09% deviation. (This is the parameter or setting I'm using instead of 0.04%.)
2. Regarding the 20-minute measure, in place of its baseline, use the associated envelope at 0.05% deviation to convey the "gist" of the actionable directional price flow and to confirm the direction of the short-term trend. (NOTE! The short-term trend will also very often reverse direction at the 0.13% deviation level of the 20-minute price range channel.)
3. To shadow the short-term trend closely—thereby determining when and where to enter and exit positions—monitor the 8½- to 10-minute price range envelope at 0.05% deviation, and the five-minute price flow at 0.03% deviation.

For an even more detailed description of procedures, drop down to one minute charts. (The above guidelines were based on graphics as viewed on the final five-minute chart configurations.)

 

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For an even more detailed description of procedures, drop down to one minute charts. (The above guidelines were based on graphics as viewed on the final five-minute chart configurations.)

So then, on one-minute charts, the ten-minute channel translates to the five-minute envelope (interestingly enough), with temporary, less significant price fluctuations tracked by the two-minute channel instead of the five-minute measure. Moreover, the ten-minute envelope now merely serves to confirm the five-minute price flow.

How or why it works out this way, I don't know. Nonetheless, when I visually compare the two time frames side my side, this is how the graphics match up. (it is what it is.)