The UsdJpy has bounced off the 38.2 weekly fib of last week and so far has ranged within the weekly 70% weekly statistical probability of 150 pips. Most currencies are ranging beyond the 70% normal range. Usd weakness could bring further down side ...

Statistical Probability Trading With Price Action

Area of S/R in mid July

Statistical Probability Trading With Price Action

Nice

james16 Chart Thread

Not ignoring your post give me a few days to review it and comment. Thanks Tom

Statistical Probability Trading With Price Action

Not to get too excited or give up on the daily pin but it is not playing out yes. It is something to watch because they can play out in a day or two. Still watching to see if there will be a good entry point yet today.

james16 Chart Thread

Notice how many times the GbpUsd had a mid week pivot on Tuesday or Wendesday. Only twice did the weekly run all week to Friday.

Statistical Probability Trading With Price Action

Looking at 2.031 the daily 80 pips with 70% statistical probability of being hit and also the weekly 200 pips with a 77% statistical probability of being hit. Just above the weekly fib of 23.6 which has a 96% probability of being hit. Next ...

Statistical Probability Trading With Price Action

Daily Statistical Probabilities if current low 241.34 holds. Looking to see a break above the current daily high on the 4hr and the 23.6 fib.

Statistical Probability Trading With Price Action

4hr look at the daily pin

james16 Chart Thread

Daily pin off a previous s/r level and the 23.6 fib off of June 27 2006 and July 25 2007 low.

james16 Chart Thread

GbpChf this week possible scenario

Statistical Probability Trading With Price Action

Daily Range For GbpJpy

Statistical Probability Trading With Price Action

Daily Range for GbpUsd for the year

Statistical Probability Trading With Price Action

Not saying it is fully extended but look at these retracement levels and probabilities at the top of the daily run. These are daily statistical probability fib retracements.

Statistical Probability Trading With Price Action

Scenario two with it bouncing off around the 23.6 weekly fib which has a 96% probability of being hit and the early July 5 day S&R levels then moving south. See post 428 for scenario 1.

Statistical Probability Trading With Price Action

So far there has only been a 22 pip retracement into last weeks weekly bar. If you look at the weekly bar to the right of the previous weeks bar there is always price retracement or price action in between the high and low of the previous week. So ...

Statistical Probability Trading With Price Action

Possible scenario. Closed with a 4hr bull pin bar. Looking for price action at the London open.

Statistical Probability Trading With Price Action

Revised scenario after establishing a present low of the day of 118.01

Statistical Probability Trading With Price Action

Possible scenario the gbpjpy based on fib retracements and weekly range of motion. Mid week scenario then most are saying more down. Just closed with a 4hr pin.

Statistical Probability Trading With Price Action

Possible scenario of gbpusd hitting between 2.0365 and 2.0390 based on the present low 2.0181, weekly retracement probabilites, weekly range of motion probabilites, and 5 day S&R in early July. This may be a mid week target with possible more down ...

Statistical Probability Trading With Price Action