EurJpy at previous point of resistance and support

Statistical Probability Trading With Price Action

This goes with post 421 also for clarity

Statistical Probability Trading With Price Action

This is same chart as on post 421. It seems to be more clear when I post it this way.

Statistical Probability Trading With Price Action

Possible scenario for the week based on weekly retracement probabilities, (DAR) daily average range and WAR weekly average range. The 118.27 is based on previous March resistance and April support of 2007 and the difference between the high and lows ...

Statistical Probability Trading With Price Action

Edited previous two posts for more clarity.

Statistical Probability Trading With Price Action

Nice observation Phillip. Was able to gain some pips with that tip. Still in one trade. Do not use the MacD but do follow the thread and your posts as well as a couple of others and have gained a lot of useful trading approaches. Thanks Tom

4 Hour Strategy (MACD)

I personally do not use the MacD system but I do get over 300 pips a month . I use break outs of past supports and resistance, trend lines, weekly daily fib retracements ,some hedging strategy, daily and weekly average range for entry and exits. But ...

300+ pips MACD strategy Poll

Weekly fib retracements with daily and weekly probabilities. See previous post for explanation of range of motion probabilities. The weekly fibs are probabilites of it retracing to these levels this coming week.

Statistical Probability Trading With Price Action

Daily Retracement Probabilities are in the yellow Daily Range of Motion Averages are in the green Weekly Range of Motion Averages are in the white. Range of motions start at the low of an uptrend and the high of down trend. The placement of the ...

Statistical Probability Trading With Price Action

The 20 week average range (WAR) of 404 pips and the daily average range (DAR) of 191 pips are within 8 pips of one another. The 70% statistical probablilty range of motion (RM) for the daily and weekly is around 2.4645 area. The begining of the RM ...

Daily GBP/JPY analysis

This weekly chart showing the range of motion(RM) includes the current week. The (RM) could change if it breaks 246.28 another 60 pips. The pink line is the 20 week (WAR). There is 44 pip differences between the yearly (WAR) of 448 and 20 week (WAR) ...

Statistical Probability Trading With Price Action

GbpJpy has already reached its 70% statisitcal probablity DAR and WAR.

Statistical Probability Trading With Price Action

The 20 week (WAR) for the GbpJpy has been hit 15 out of the previous 29 trading weeks for a 52% probability. Its current weekly range of motion (WRM) has been 366 pips it which it has hit 19/29 trading weeks for a 66% statisitcal probability.

Statistical Probability Trading With Price Action

The 20 week (WAR) weekly average range and the (DAR) daily average range or within a 3 pip confluence.

Statistical Probability Trading With Price Action

UsdJpy retraced to within the 10 pip tolerance of the weekly 50 fib as it stands now. Did not take a trade there because its range of motion (RM) for the week so far is 182 pips. Its WAR (weekly average range) for 2007 is 201 pips updated. Figured ...

Statistical Probability Trading With Price Action

Entry was at 1.5662 (the daily pivot was 1.5657) exit was at the bottom of the weekly average range (WAR) based on 1.5752 being the high for the week. It was also with in 4 pips of the S3 for the day. The red tags are S1, S2, and S3. Blue tag is the ...

Aussie Pairs

Not Elliot Wave but there is a mid week reversal pattern the the gbpjpy.

Daily GBP/JPY analysis

The gbpchf daily pin has not broken the 2.4746 resistance or which now is support. I would like to see it break it so my short can gain some of the loss its in.

james16 Chart Thread

With my mt4 I am just finishing a 4hr candle from 10pm to 2am eastern. The average range for that candle for the gbpjpy is 60 pips. The next candle from 2am to 6am eastern US the average range is 89 pips. This 10pm candle had a range of 131 pips ...

Daily GBP/JPY analysis

Been a battle in this area.

Aussie Pairs