Range of motion (ROM) for the gbpusd this year

Cable Update (GBPUSD)

DAR

Cable Update (GBPUSD)

The pink line is the daily average range (DAR) for 2007 and the yellow line shows the (DAR) for the past 20 days

Cable Update (GBPUSD)

Last 8 weeks it has a weekly high Tuesday or Wendesday

Cable Update (GBPUSD)

It bounced of the weekly 38 fib with the news

Cable Update (GBPUSD)

Last couple of months it has had a Tuesday or Wendesday reversal.

Statistical Probability Trading With Price Action

With the news the GbpUsd has bounced off the 38.2 weekly fib.

Statistical Probability Trading With Price Action

See above posts for GbpUsd updates

Statistical Probability Trading With Price Action

Reviewing your questions. Fib retracements are looked at within the same day after high or low is established or by the end of the next day. Same thing with weekly that week after high and low are established or by the end of the following week.

Statistical Probability Trading With Price Action

This may be helpful too.

EURUSD USDCHF Hedge Question

Below is a quote explaining why you will find often the market retraces around 10:00 am eastern time. That is when I look to close my trades (75% of the time) and take profits. Once again you will not have a perfect set up every day of the week. It ...

Statistical Probability Trading With Price Action

If you review post 244 shows a break out of pip retracements following a 300 pip (ROM) for 31 past weeks. This would be applicable for the coming week. As you said sometimes high and low are established mid week and currency ranges between that and ...

Statistical Probability Trading With Price Action

Next week retracement again post 243 did not come out that clear

Statistical Probability Trading With Price Action

Same week retracement again post 243 not that clear

Statistical Probability Trading With Price Action

Same day retracement post 243 did not come out clear

Statistical Probability Trading With Price Action

Next day retracement repost from 243 because it did not come out clear

Statistical Probability Trading With Price Action

Here is a chart showing the statistical probability of retracement for the GbpUsd after a week with 300 pip range of motion (ROM) which it has done 31 times since Jan 2006. See post 228 showing all weekly fib retracements since Jan 1 2006

Statistical Probability Trading With Price Action

Those are good questions. In regards to same day next day or same week next week. It doesn't make any difference. I am looking for a perfect set up which obvously does not happen every day/ every week. The amount of range of motion (ROM) on a daily ...

Statistical Probability Trading With Price Action

Posts 230 thru 240 are updated posts for the GbpUsd.

Statistical Probability Trading With Price Action

Weekly highs

Statistical Probability Trading With Price Action