Let me put it this way once the high is established for the week I use the fib calculations based on the those highs. Those fib calculations will carry over into the following week until the 61.8 fib is hit or the week ends. Again not to be ...

Statistical Probability Trading With Price Action

Hopefully posts 378,379,380,382, and 383 answere some questions.

Statistical Probability Trading With Price Action

The usdjpy and gbpusd are two different examples. The gbpusd established weeks high and low officially on Friday at .0366. This is where the other side comes in I actually thought it was established wed. at .0363.I placed a short at 0304 with a ...

Statistical Probability Trading With Price Action

Here how it looked at the end of the week. It actually went up to 122.61 to the 61.8 fib 45 pips beyond my target of 122.15. But the trade was based on high probabilitiy retracement. The EMA's or 21 white 144 blue and 89 red. Been looking them to ...

Statistical Probability Trading With Price Action

Here is a trade on the UsdJpy that I took based on weekly fibs and the following criteria. 1. It moved 268 pips which is 78 pips beyond its 2007 weekly average of 190 pips. 2. It had retraced some from it's weekly low and came back down and started ...

Statistical Probability Trading With Price Action

Technically your weekly fib would be drawn like this. Arrow 1 was a weekly high and retraced to arrow 2 but then went up and reastablished the high for the week at arrow 3. So no fibs have been touched from the weekly fib of the weeks high and low.

Statistical Probability Trading With Price Action

Technically the fibs would be drawn like the below post. You can see arrow 1 was a high during the week then it retraced to arrow 2 and established a new high. It's very reasonable to look to the 23.6 fib retracement with previous price action and ...

Statistical Probability Trading With Price Action

I believe most pivot points are established aroung 10gmt or 11gmt that would be 5pm or 6pm eastern time US

Time of day for pivot points

Good you made some nice profits. Obviously the way things are in a tight range there will be another break out (probably next week). Up or down will just have to wait and see and go with the flow.

Daily EUR/JPY analysis

Ultimately price action tells the story but here is some thoughts from Fxcm. 21:32 EUR/JPY: NY Traders Warn of Risk of a Correction San Francisco, Jul 12. Despite the strong close on US stocks which remains supportive for the carry trade ...

Daily EUR/JPY analysis

Quote From Fxcm [he risk is now for JPY crosses after heavy NZD/JPY selling overnight and the reports of large leveraged account selling in EUR/JPY that could fuel sentiment for more profit-taking in those crosses. Despite the FX market speculation ...

Daily GBP/JPY analysis

Yes. The weekly retrace can either happen the same week or the following it is all pending on the high and low being established. Some weeks have better set ups then others. One to look at now is the usdjpy. It is getting what I call over extended.

Statistical Probability Trading With Price Action

From Fxcm 22:31 NZD/USD: Well Bid In Early Trading As Longs Reestablished Sydney, July 9: The NZD/USD has moved higher in early Asian trading as longs are being reestablished after a few longs pared back on Friday. Traders say that there was some ...

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff

Small pin on the 4hr

Daily GBP/JPY analysis

EUR/JPY EUR/JPY had another strong week with recent rally extending to as high as 168.16, taking out mentioned initial target of 61.8% projection of 161.49 to 166.94 from 164.23 at 167.60. From a short term angle, further rally is expected this week ...

Daily EUR/JPY analysis

You would draw the weekly fib like the below post. It would include the weeks high and low. And you really only know that for sure until the week is up. I also draw it from the bottom up because for the week it closed with a blue candle, a higher ...

Statistical Probability Trading With Price Action

I was in a trade a couple of weeks ago June 22 with the eurjpy. Over leveraged and sweating bullets and in the hole with a long position. Starting hearing of a bearish Euro for that Friday. I said well I am cutting my losses and punched out Thursday ...

james16 Chart Thread

Quote Euro - Double Top in the Making? Thursday, 05 July 2007 21:19:35 GMT Written by Kathy Lien, Chief Strategist The 1.3660/80 zone was the top in the Euro back in December 2004 and April 2007 and the question burning on everyone's minds at the ...

EURUSD

Quoting Fxcm 07:22 GBP/USD: Some Still Looking For A Rate Reaction London, July 5. The U.K MPC concludes its rate debate and the surprise decision would be "no change". While we still feel that the Pound is now vulnerable to confirmation of a 1/4- ...

Cable Update (GBPUSD)

USDCAD - Triangle Formation Wednesday, 04 July 2007 13:57:49 GMT Written by Kathy Lien, Chief Strategist A clear triangle formation can be seen in the both the daily and hourly charts for USD/CAD. The 1.0466 low set on June 29 is very significant ...

USDCAD trend reversal?