Another look at the gbpusd from the daily.

Statistical Probability Trading With Price Action

The WAR for the past 5 weeks is 221 pips 10 weeks is 240 pips 20 weeks is 267 pips 55 weeks is 304

Statistical Probability Trading With Price Action

I wait until 4:30 am news release

Statistical Probability Trading With Price Action

I wait until 4:30 am news release.

Statistical Probability Trading With Price Action

Quote from Fxcm [02:30 GBP/JPY: Consolidating Gains Above 240 Overnight, Offers Still] Tokyo, May 23. GBP/JPY looks to be consolidating gains above 240.00 seen overnight. Early Asian trading saw the cross trade up marginally higher to the 240.25-30 ...

Statistical Probability Trading With Price Action

The white numbers show monthly fib levels, yellow numbers weekly fib and green numbers are daily fib levels. Fib levels are based on highs and lows of previous month, week, and day. The green numbers are the resistance levels, red numbers are ...

Statistical Probability Trading With Price Action

A comment with previous post is that 6 of the last weeks have been below the 2007 over all (WAR)

Statistical Probability Trading With Price Action

A week by week look at the (WAR) for 2007 the pink line compared to the over all (WAR) for 2007 blue line.

Statistical Probability Trading With Price Action

The chart shows the weekly average range (WAR) comparison between this time in 2006 blue line which had a (WAR) of 318 and year ending of 318 and 2007 red line which has a (WAR) to date of 267.

Statistical Probability Trading With Price Action

The daily range for GbpUsd the last 19 days ending last week.

Statistical Probability Trading With Price Action

The daily fibs are the green numbers and since it closed lower then the open the fib lines are drawn from top to bottom for the down trend. When it closes higher then the open then the fib lines are drawn from bottom to up for an up trend.

Statistical Probability Trading With Price Action

Daily range for EurUsd this time last year was 91 pips it ended the year with an average 92 pips for the daily range. Currently the daily range for 2007 is 73 pips. 2007 5 Daily Daily Range For EurUsd is 74 Pips 2007 10 Day Daily Range For EurUsd is ...

Statistical Probability Trading With Price Action

4Hr Candle/Bar Ranges Below are the ranges between the high and low of each 4 hour time period for the below currencies. All times are US eastern. GbpUsd EurJpy GbpJpy UsdCad UsdJpy 33 pips 51 pips 83 pips 16 pips 38 pips 6pm-10pm 30 pips 40 pips 66 ...

Statistical Probability Trading With Price Action

Daily S & R

Statistical Probability Trading With Price Action

Lots of numbers here but with in a week or two I will post the stats in a more orderly fashion with a table of contents to help find which posts have daily range, weekly range, hourly ranges, fib retracements, supports, resistance and pivots, as ...

Statistical Probability Trading With Price Action

These ranges date back to the first trading day of this year (2007) Below are the ranges between the high and low of each 4 hour time period for the GbpUsd . All times are US eastern. 6pm-10pm 33 pips 10pm-2am 30 pips Below are the ranges between ...

Statistical Probability Trading With Price Action

S & R for GbpJpy on 4hr chart

Statistical Probability Trading With Price Action

The green numbers are the resistance levels, red numbers are support levels and turquoise numbers are pivot points based on previous days high, low, and close. The following are S&R statistics that can be used as a guide of when to exit trades based ...

Statistical Probability Trading With Price Action

2007 5 Day Daily Range For UsdJpy is 59 Pips 2007 10 Day Daily Range For UsdJpy is 60 pips 2007 20 Day Daily Range For UsdJpy is 66 pips 2007 55 Day Daily Range For UsdJpy is 90 pips Daily Range For UsdJpy for all of 2007 is 89 pips Daily Range For ...

Statistical Probability Trading With Price Action

Reaching highs not seen since Oct of 92

Statistical Probability Trading With Price Action