GbpJpy Statistical Probability With Price Action

See http://www.forexfactory.com/showthre...04#post1631704 posts 591 thru 595 for up dated gbpjpy statistics.

Hi Tom,

Here is some more interesting data that I have found in my tool box of info.

Northpro

Friday is normally retracement after the weeks run? With Wed and Thursday mostly being the heart and end of the trend? Meaning if you are in a trade it would be good to take profits by Thursday?

Tom,

Means 3 to 5 4hr bars (or candles) happen 29% of the time, 6 to 11 happen 49% etc...

NP

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

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 for this. With a new trading session opening could determine daily trend.

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

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.

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.

The GbpJpy has found support at the top of a 24 day 664 pip range. It also is around the 50 fib of the bottom of the range area and the high after it broke out. The 61.8 fib (232.99) of the previous fib points is around 200 pips below it's Friday close. Another area right below the 61.8 fib is 232.45 which is an area where there were more then a half a dozen daily highs,lows,close, and opens.






382

S/R levels from a weekly look, shows the GbpJpy closed for the week at previous weeks high and lows for other weeks too.

Post 10 starts updated information from this past weeks trading

Post 10 starts updated information from this past weeks trading for GbpJpy

Post 10 starts new up dates from last weeks GbpJpy. The daily RM statistical probabilities (SP) for gbpjpy the last 55 days is a lot higher in pip movement the last 55 days then the overall average for the year.

S/R levels on the daily




534

The 4hr weekly its fully extended with out a major retracement from the weeks high and low. Trading almost 1700 pips below July high plenty of room on the up side.

(RM) for the GbpJpy on the 4hr candles/Bar. Broken out for the year and pre and post July 23.

The gbpJpy has been ranging around hourly s/r of around 80 pips. A break out of that could determine trend for the day.

GbpJpy has bounced off of a major weekly fib of 50. Plenty of room to the top.

Daily range so far 92 pips. Its retraced to the 50 fib on the daily. The fib points are drawn from the current days low and high. Has a habit of retracing to the 50 or 61.8 daily fibs after around a 100 pip or better run. Then gets set up for a break out.