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Andrew Lewis posted a blog post

Happy Fibonacci Day! 5/8/13

Many Happy Retracements! :)See More
May 8, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"good work! :)"
Apr 2, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"well, either that or everyone is coat-tailing Haitham hehe ;)"
Mar 28, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"wow last six guesses were all almost the same..."
Mar 28, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"oh boy oh boy oh boy if I win this again, I'm going to go out and buy every lottery ticket I can get...and stop wearing seat belts (I clearly don't need them any more). And take up smoking. And stop looking both ways before I cross the…"
Mar 27, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"The Oracle says: "thanks for the book, Francesc!" :)"
Mar 27, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"The first time you win, you are called "The Oracle", but the second time you win, you are called "The Buddha" ;)"
Mar 25, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"If I win this a second time, I am going to start my own religion ;)"
Mar 25, 2013
Andrew Lewis commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Do You Know Friday's London Open Time For Cable? Place Your Bets Here!
"I spy with my little eye something that is....1.5000 :)"
Mar 25, 2013
Andrew Lewis commented on Francesc Riverola's blog post Glory to Haitham653 and Andrew Lewis!, our Forex Oracle of the Week
"I bet next time I post a guess, there will be more guesses close to mine then deserves to be..."
Mar 24, 2013
Andrew Lewis commented on Francesc Riverola's blog post Become our Forex Oracle of the Week and Let's Have Some Fun. Place Your Bets Here!
"This is like a "Fxstreet Sentiment Indicator" ;)"
Mar 19, 2013
Andrew Lewis commented on Francesc Riverola's blog post Become our Forex Oracle of the Week and Let's Have Some Fun. Place Your Bets Here!
"This is fun because we can see how everyone is betting ;) The weekly Average True Range for EURUSD is like 250 pips, so for us Monday-betters, it can go up or down a hundred pips from where we started. Strangely, for those who wait until Thursday to…"
Mar 19, 2013
Andrew Lewis commented on Andrew Lewis's blog post I am thinking "long" riiiight here-ish...
"Hey, if price goes lower it will make a "lower low" on daily chart, signalling a daily change of trend."
Feb 26, 2013
Andrew Lewis commented on Andrew Lewis's blog post I am thinking "long" riiiight here-ish...
"Waaaaa! :( too many things like chaotic Italian elections and friggin England being downgraded ruined my setup, but hey, you can see it got stuck in my levels, small consolation ;)"
Feb 26, 2013
Andrew Lewis commented on Andrew Lewis's blog post Whoa talk about a "New York Reversal"
"*applause* Grigore ;)"
Feb 25, 2013
Andrew Lewis commented on Andrew Lewis's blog post Whoa talk about a "New York Reversal"
"Yeah, if it did THAT every time I get on my computer in the morning, I'd be able to buy a house in a year ;)"
Feb 25, 2013

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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