Compare & Contrast with Christopher Lewis

Discussion in 'Journals' started by expiated, Oct 8, 2017.

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    I do not trade daily charts, but based on my one-hour setup, there is no way in the world I would have been looking to possibly short this pair—at least not under current conditions (or as they stood a day ago).

    ScreenHunter_3130 Jan. 16 01.14.jpg
     
    #51     Jan 16, 2019
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    I don’t trade daily charts, but on my lower-timeframe chart setups, similar to what Cristian described, I see GBPUSD as having reached a key level which I call “statistical resistance” (see the right-hand edge of the chart below). However, the “price action reversal” I will need to see to confirm the pair as having adopted a bearish sentiment is a downward hook in the white moving average.

    compare with cristian.png
     
    #52     Jan 19, 2019
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    Cristian Moreno's analysis notwithstanding, I think time might have affirmed my thoughts back on January 15, 2019 in that this pair's exchange rate is now up to 0.6869.

    NZDCHF.png
     
    #53     Feb 2, 2019
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    At this point I've seen the price action reversal I was waiting for (inside the white ellipse).

    ScreenHunter_3344 Feb. 02 11.54.jpg
     
    #54     Feb 2, 2019
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    #55     Feb 2, 2019
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    #56     Feb 16, 2019
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    Presently I view EURNZD as decidedly bullish. My ultimate resistance level for the pair is up at 1.6964, though I also place less extreme levels at 1.6863 and 1.6766. Currently, for me to even think about selling the pair I would need to see the rate drop down below 1.6657.
     
    #57     Mar 3, 2019
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    I'd be more inclined to be short NZDCHF right now (at 0.6858) and continue to ride the pair south until I actually got a signal to reverse course.
     
    #58     Mar 14, 2019
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    #59     Mar 23, 2019
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    #60     Mar 30, 2019