Yeah, between needing to sleep and needing a bigger trading account, that’s going to happen.
Numerical Price Prediction Challenge
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This morning I indicated (in Post #62) that I have suspended the use of one-minute charts. But after just now translating the above setup to a 15-minute timeframe, a lower timeframe price range emerged that might very well greatly benefit the precision of position entries and exits.
I therefore plotted the corresponding simple moving average envelope on a one-minute chart and the result looks promising. So I might not be finished trading using one-minute charts after all!
I therefore plotted the corresponding simple moving average envelope on a one-minute chart and the result looks promising. So I might not be finished trading using one-minute charts after all!
In the midst of developing a system to supposedly garner more substantial profits per trade from my Numerical Price Prediction (NPP) Forex trading system with only a minimum of attention assigned to its execution, I have been more or less treading water over these past two weeks in my cash (live) trading account, having suffered five major hits along the way, as reflected in the above chart.
That being the case, I have nonetheless been gaining what I deem to be potentially valuable insights that I suspect will sooner or later empower me to finesse from this modified methodology a steady accumulation of successful outcomes, with the potential of applying what I am discovering hinted at by the results of today’s activities in my virtual account, as documented by the following data.
I still have yet to achieve a steady accumulation of successful outcomes in my live trading account. But if I start incorporating the same kind of decision-making filter in that account which I have recently (over the past two days) begun applying to my two virtual accounts (see below) it’s possible that I might begin to see the same kind of positive results.
The filter involves the use of 1-hour charts whose sole graphics are nothing more than two simple moving averages (that’s all) rather than the 30-minute setup mentioned previously. So I think I’ll pull up my 30-minute charts now and modify them accordingly.
The filter involves the use of 1-hour charts whose sole graphics are nothing more than two simple moving averages (that’s all) rather than the 30-minute setup mentioned previously. So I think I’ll pull up my 30-minute charts now and modify them accordingly.
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I find Friday to be the most difficult day (on average) to generate a profit in the Forex market. And yet, by applying the use of my reconfigured 30-minute chart setup and the guidelines governing its use in my attempt to transfer the implementation of Numerical Price Prediction (NPP) from a guerrilla to pseudo swing style of trading, I was able to realize that kind of results reflected in the graph posted below.
I’m hoping this bodes well for the future, and that next week, I will at long last find the need to make any additional adjustments or adaptations to my system to be completely lacking.
I’m hoping this bodes well for the future, and that next week, I will at long last find the need to make any additional adjustments or adaptations to my system to be completely lacking.
Market Bias as of Friday, September 5, 2018
Signs of a reversal south by USDJPY should be taken with a grain of salt, considered extremely suspect, and not be trusted. Don’t be surprised to see the pair resume a northward trajectory at anytime within the next forty-eight hours.
USDCHF just entered a zone of significant resistance, so whether it turns south, climbs higher than 1.0057, or languishes in consolidation between the 0.9841-1.0057 range remains to be seen. (Look for the opportunity to enter a long position if it climbs above 0.9941.)
Assess whether EURUSD is legitimately initiating a fresh push to the north.