Looking at the (SP) statistical probability for weekly (RM) GbpJpy. The EurJpy had a wider weekly range of motion (WRM) 350 pips then the pounds 338 pips.

GbpJpy Statistical Probability With Price Action

See link for last weeks gbpjpy statistics. http://www.forexfactory.com/showthre...04#post1631704 posts 591 thru 595

GbpJpy Statistical Probability With Price Action

Thats simple enough I will keep an eye on it through out the week. If there are other thoughts on this I would appreciate it.

MT4 daily weekly indicator

In post 1 it was noted that the weekly RM was getting lower for the past 3 weeks and looking at the statistical probabilities (SP) it was highly probable for the RM to break out. As always the key to trading is knowing highs,lows, trends, and timing ...

EurJpy Statistical Probability Trading With Price Action

The five week (WAR) compared to the 10 week (WAR) is leveling off to being closer to the yearly (WAR).

EurJpy Statistical Probability Trading With Price Action

In post 8 for this past week it was noted the weekly fibs would be good s/r level to look at based on (SP) statistical probabilities. The EurJpy ranged between the 61.8 fib which held as bottom support and the 23.6 fib was a place of resistance ...

EurJpy Statistical Probability Trading With Price Action

The eurjpy for the weekly fib has come with in 13 pips of 50 fib from last weeks high and low. See previous post for statistical probability (SP) percentages for weekly fib retracements. If it comes with in 10 pips of a weekly fib level its counted ...

EurJpy Statistical Probability Trading With Price Action

EurJpy weekly fibs

EurJpy Statistical Probability Trading With Price Action

GbpJpy after moving 111 pips ( see previous posts for WAR and DAR) its retraced to within 7 pips of the daily 61.8 fib based on current lows and highs. This again is typical (whats typical?) after moving a 100 pips. Have not compiled any real data ...

GbpJpy Statistical Probability With Price Action

Currently on the daily it has retraced to 61.8 fib level at 164.65. Break above that and the days opening and high of 164.97 would indicate up swing. Breaking below 164.14 down side trend continues. Around 3am could give some indicators which way it ...

EurJpy Statistical Probability Trading With Price Action

EurJpy is finding support 27 pips beyond the weekly fib of 61.8. See previous post for statistical probabilities (SP) for weekly retracements to these level. Its high and low is 164 pips with WAR for 2007 being 337 and yearly DAR 140 pips. Currently ...

EurJpy Statistical Probability Trading With Price Action

On the daily so far it has retraced to the 61.8 fib of the present days high and low. A break above that and past opening price of 2.0413 could be up side. Break below the daily low and 2.0355 Fridays 61.8 daily fib retracement down side trend ...

GbpUsd Statistical Probability With Price Action

Right now the gbpusd daily range is 57 pips and is finding support at the 61.8 fib daily fib level of last Friday's high and low.

GbpUsd Statistical Probability With Price Action

Possible support at these weekly fibs. One thing to note is point 1 was a high for the week and EurJpy did retrace beyond the 61.8 fib (see shaded areas) then went up and established a new high for the week. EurJpy also has had 4 straight weeks with ...

EurJpy Statistical Probability Trading With Price Action

GbpJpy pink line is 238 pip DAR for 2007 the blue is daily RM last 40 days

GbpJpy Statistical Probability With Price Action

EJ (RM) the last 41 to 80 days.

EurJpy Statistical Probability Trading With Price Action

EJ daily RM the last three weeks is showing more weakness then the gbpusd and gbpjpy. See post 3 for DAR.

EurJpy Statistical Probability Trading With Price Action

(DR) probabilities EJ.

EurJpy Statistical Probability Trading With Price Action

GbpUsd from last friday and statistical probability (SP) for daily fib retracements based on Fridays high and low.

GbpUsd Statistical Probability With Price Action