Andrew Lewis
  • Male
  • Brooklyn, NY
  • United States
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Andrew Lewis's Page

Profile Information

About Myself
I am a retail forex trader. I trade part-time, and have done so for almost two years. I am a Forex member of NYC Active Traders. I am an Online Trading Academy graduate, as well as a on/off member of FX Bootcamp.
Trading style
Scalp, Intra-day, Swing
Current Broker
Tradestation

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Andrew Lewis's Blog

Happy Fibonacci Day! 5/8/13

Posted on May 8, 2013 at 9:03pm 0 Comments

Many Happy Retracements! :)

Whoa talk about a "New York Reversal"

Posted on February 25, 2013 at 3:30pm 2 Comments

The fabled New York Reversal has again cut in front of you in traffic! Right on the open, the whole direction for the session does an about-face. Nothing like a little road rage from the morning commute to work to make global markets feel our pain...…

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I am thinking "long" riiiight here-ish...

Posted on February 22, 2013 at 2:12am 2 Comments

Seeing as how Quantitative Easing is continuing full force (regardless that the FOMC is now thinking of tapering it off, it is still continuing), then I expect USD to continue to drop. Europe is a mixed bag, but not in a panic, so at least the general picture there is stable. So, I expect EURUSD to incline upside. On the daily chart, the trend is still up, despite the strong recent pullback:…

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Ooo! Ooo! Pivot level!

Posted on February 21, 2013 at 12:50am 4 Comments

Both EURUSD and S&P futures have come down to an important demand level..will they both turn and go up?? will the break down???

EURUSD…

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Comment Wall (1 comment)

At 6:55pm on August 5, 2011, Andrew Lewis said…

Thank you for your comments, I really appreciate that! I definitely have to experiment with your set up, I've never seen parabolics on a tick chart, so that would be worthwhile playing with.

 

I use 1 min, 15 min, 1 hour and 4 hour. I wait for price to come to some fib level (I put down fibs in different time frames, so on 4 hour its the previous daily-weekly moves, on hourly its the move of the previous couple of days, on the 15 its any significant intra day moves, and I pay attention to areas where multiple fib lines converge), then I trade a bounce or a pop through that level. I use over-bought/over-sold signals on a 1 min stoch to confirm that a bounce may occur at a level, or divergence on the stoch. For entry timing I watch the bid and the ask, and a rush away from a level (a move greater than average volatility for the moment) confirms that the level is meaningful and playing a role. Stop is 5-7 pips, or I'll close the position if price rushes back towards the level (watching bid and ask). Once profitable, I'll take half off if price hesitates or looks like it will reverse, while putting a stop on break even for the rest. I'm really bad at letting profits run, so I am still working on that. I'm still trying to figure out how to incorporate 123 patterns and harmonic patterns, so I am working on looking for those.

 

Watching the tick may be better then simply watching the bid and ask, so I'll experiment with that. Thanks again!

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