Statistical Probability Trading With Price Action

GbpChf moved with in the daily 51% statistical probability (SB) range of 130 pips for a new weekly high and has done about a full retrace off of early July daily s/r's forming a daily pin bar bouncing off of the 4hr 21 ema. Currently has found support at the 4hr 89 ema. Possible further down side.

Statistcal Probability (SB) for the daily on the short side.

GbpJpy has ranged 9 pips beyond 50% Statistical Probability weekly range of 400 pips. Currently it has found support at the 61.8 weekly fib retracement for the current weeks high and low. Looking to see what way it breaks for the rest of the week.

See previous posts for updates for the usdjpy, gbpusd,gbpjpy, and gbpchf.

GbpChf has gone beyond the weekly 51% (SP) statistical probability (RM) range of motion. This one seems to retrace quite a bit look for the 50 weekly fib of 2.4359. See post 434 http://www.forexfactory.com/showthread.php?t=27624&page=29
and post 445 for earlier weekly scenarios

Went beyond the 70% weekly (SPRM) statisitcal probablity range of motion to within 14 pips of the 50% (SPRM).

Possible scenario based on (SP) weekly retracements with 117.59 holding as low. I will wait and see if it holds.

33% (SP) for the gbpjpy to move beyond its current weekly low 237.61

gbpusd has moved within the 51 % (SPDR) statistical probability daily range and is still within the parameters of 50% (SPWR) statistical probability weekly range.

See post 451 for earlier scenario. The UsdJpy went beyond the 86.7% Statistical Probability weekly fib retracement of 50.0 and beyond the 61.8 weekly fib retracement.

Added daily probabilities for the gbpjpy.

Weekly Range for EurJpy

Daily Range EurJpy

GbpChf has broken out of its 51% (266 pips) weekly range of motion establishing a new high for the week.

I am wondering if you have Statistical Probability study for the daily GBP/JPY , telling that :
If the daily trend back to the 23.5% fib + 1 pip , then what will be the Statistical Probability to go to 50% and 61.8%,?
That will be very help to inter the trade after the trend test the 23.5% as confirmation.
thanks for your good workhttp://www.forexfactory.com/images/icons/icon7.gif

Statistical Probabilites For Daily Range (SPDR)

Daily Average Range (DAR) GbpUsd

Range of Motion (RM) for GbpUsd last 20 days. The yellow line is the (DAR) for 2007

Weekly Average Range (WAR) for GbpUsd

WAR for GbpUsd