The weekly looks strong too. But it is coming into an area where it topped out and there is a lot of strong bullish bars/candles behind it. I will be careful to not get caught long. Probably will be looking at using tighter stops or atleast using ...

EurJpy Statistical Probability Trading With Price Action

Even though the DAR the last 20 days has leveled off, during that time it has maintained a steady push to the up side after ranging for about a week with no real fib retracements. Its also well above the 21 day ema, the yellow line. Still looks ...

EurJpy Statistical Probability Trading With Price Action

It is currently about 266 pips below its high in July. Has room for a break out toward the upside before it hits uncharted territory.

EurJpy Statistical Probability Trading With Price Action

The daily RM for EurJpy the last 20 or so days has decreased compared to its RM between 20 and 60 days ago. It still has a higher RM compared to the previous 6 to 7 months of the year. So when looking at the daily (SP) chart you have to take in the ...

EurJpy Statistical Probability Trading With Price Action

Daily RM EurJpy the last 40 days

EurJpy Statistical Probability Trading With Price Action

Daily RM the last 41 to 80 days.

EurJpy Statistical Probability Trading With Price Action

EurJpy

EurJpy Statistical Probability Trading With Price Action

From last Friday's bullish daily bar/candle it has only retraced to the 38.2 daily fib of the days high and low.Possible bounce off of these fibs and up. Always keeping in mind PA and the daily RM probabilities and WAR.

GbpUsd Statistical Probability With Price Action

Daily Fib Retracements for GbpUsd.

GbpUsd Statistical Probability With Price Action

High probability trades are based on 70% probability and up. When looking at the daily RM the 55 days it has ranged at least 120 pips 40 times for a 73% probability. When looking at the year 120 pips RM is at 46% probability. From the charts the ...

GbpUsd Statistical Probability With Price Action

GbpUsd RM the last 41 to 80 days

GbpUsd Statistical Probability With Price Action

RM for GbpUsd

GbpUsd Statistical Probability With Price Action

GbpUsd Daily Average Range (DAR)

GbpUsd Statistical Probability With Price Action

One thing to note from last post. The gbpusd in 2006 had retraced to the 61.8 fib 38 times for a 73% probability. This year it has retraced to that level 24 times for a 62% probability. The rest of the fib levels are with in a few percentages when ...

GbpUsd Statistical Probability With Price Action

For this past week the gbpusd has already retrace to the weekly 50 fib after last weeks high and low were established.

GbpUsd Statistical Probability With Price Action

S/R levels based on weekly highs lows and close. Also looking at trend line and the 21 ema.

GbpUsd Statistical Probability With Price Action

From last weeks high and low the gbpusd has already retraced to the 50 fib level.

GbpUsd Statistical Probability With Price Action

There was a big drop in weekly (RM) for the GbpUsd this past week. See link for addition stats for GbpUsd url and page 40

GbpUsd Statistical Probability With Price Action

Weekly RM for GbpUsd

GbpUsd Statistical Probability With Price Action

The GbpJpy closed 93 pips below the weekly high. On the weekly chart it is at a strong level of past s/r level. It also is 1173 pips below the 7/08/07 weekly high were the EurJpy is around 221 pips below its long time high of the week of 7/08/07.

GbpJpy Statistical Probability With Price Action