GBP Patterns, Facts, Trivia

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the pound has moved 13 pips north of the opening now has retraced below opening of the day

Just what I have learned from GBP statistics alone ( from goothings ) has improved my trading a LOT !!! Today was a grat retracement day... it was clear as a bell, and I made pips on it...

For me, it has been important stuff... !!! Can't give enough thanks !!!

I am just in the learning phase and don't post much. I just want to say I appreciate all of the good info here. THANKS.

Check out how many times the 1st hour of London trading sets the direction for the day of this pair. Then check the number of times the 1st hour of NY trading confirms that movement for the rest of the day.

Where is this info at, did I miss it?

Nov.1 10am Days High
Nov.2 10 am Days High
Nov. 3. 10am Days Low
Nov. 4 10 am No significance
Nov.7. 10am Days High
Nov. 8 10 am within 2 pips of 9:30am days low
Nov. 9 10am with in 10 pips of 8:30am Days Low
Nov. 10 10am No significance

Great thread. There is a lot to learn about this pair (IMO a wonderful pair) and I have already gained a lot of knowledge from all of you and especially from Goodthings who definitely lives up to his name.

Thanks everyone and keep it going and big thanks to Tiki the kitty for starting this thread.

Exactly what time in EST USA do the london and new york markets open?

How will this change with daylight savings time?

Was going over last years charts and in the first 4 months of 2007 I begin to notice how 10 am and there abouts played a key role in the gbpusd movement. Its been the high or within 3 pips of the 9 times since Nov.1 and the low or within 3 pips of the low 16 times since Nov.1 It also has been a significant point of retracements and supports and reisitence. Below is a break out of it's significance or non significance. It sees if a person knows how this time of the day is a key it would help him plan an exit strategy or an entry strategy upon knowing it could from this point begin its retracements to the fib levels. Hope you all can get a few more pips because of this. I will send a few charts here too.


Nov.1 10am Days High
Nov.2 10 am Days High
Nov. 3. 10am Days Low
Nov. 4 10 am No significance
Nov.7. 10am Days High
Nov. 8 10 am within 2 pips of 9:30am days low
Nov. 9 10am with in 10 pips of 8:30am Days Low
Nov. 10 10am No significance
Nov. 13 10am Days Low
Nov. 14 10:30 am Days Low
Nov. 15 No significance
Nov. 16 No significance
Nov. 17 10am Days High
Nov. 20 10am With in 2 pips of 9:30am days low
Nov. 21 No significance
Nov. 22 Days High
Nov. 23 No significance
Nov. 24 No significance
Nov. 27 10am Within 7 pips of 9pm days high
Nov. 28 Key Support See Post
Nov. 29 10am within 10 pips of days high
Nov. 30 11am within 2 pips of 12:30pm days high
Dec. 1 10:30 Days High
Dec. 4 No significance
Dec. 5 10am days low
Dec.6 10am High Retracement point after Days Low see chart
Dec. 7 10 am Within 12 pips of 2:30pm days low
Dec. 8 10am Days High
Dec. 11 10am No significance
Dec. 12 10am Key resistance point
Dec. 12 10am Within 16 pips of 9:30am low
Dec. 13 10am Days Low
Dec. 14 10:30 Days Low
Dec. 15 10:am Days Low
Dec. 18 10am Days Low
Dec. 19 No significance
Dec. 20 10am Broke Key support See Chart
Dec. 21 9:30am is days low
Dec. 22 10am 10 pips above days low of 12pm
Dec. 26 10am Key resistance level see chart
Dec. 27 10:30 am with in 1 pip of 11am low
Dec. 28 10am is the days low (key support ) after the high of the day
Dec 29 10:30am is within 1 pip of the 12:30 pm days low
Jan 2 10am key support for the days high
Jan.3 11:30am Low for the day
Jan 4. 10am Top resistance level after days high
Jan. 5 10am Days Low
Jan 8 10am No significance
Jan. 9 10:30am Low support after days high. With in 7 pips of days of the opening bars days low
Jan. 10 10am With in 7 pips of days low at 4pm.
Jan 11. 10am low support after days high
Jan 12 1030am Days high
Jan 15 1030am within three pips of days high
Jan. 16 10:30 am days low
Jan. 17 10am No real significance
Jan.18 10:30am No significance
Jan. 19 10:30 am Days Low

Key resistence after days low and it begins to retrace after that.

Key support after the days high.

Actually a better key support after days high

Days high or within 3 pips 9 times since Nov.1

Days low or within 3 pips of the days low 16 times since Nov.1

10 am in what time zone?

I am in eastern time zone...usa

Eastern time zone

a recent course a friend of mine bought on ebay used the 5wma and the 29 wma cross I went back i checked it out and if you took every trade I believe your account would be up, but you could also use a filter of some type

he also uses profitmaxtrading and has good luck with there service, it covers other currencies, but he uses it for pound and CD

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Average Time GbpUsd has retrace to these fib levels after the days high and low have been established. These retracement numbers are hit either the same day the high and low is established or some time the following day. This information is taken from all of 2006 and to date of 2007. These retracements level are not taking into account how the gbpusd retraces through out the day. These retracements are taken from the days high and low. A note of interest on the high and low for the gbpusd. It seems like these points happen frequently at around 10am are there abouts. This is when these fib retracement levels come into play. Still putting together information on this but it seems like around half the time this is when the high and low is established and the retracements happen.


23.6 Fib Level 95.4% of the time
38.2 Fib Level 81.8% of the time
50.0 Fib Level 68.9% of the time
61.8 Fib Level 55.7% of the time
Daily Range is 132 pips
Weekly Range is 317 pips
It has move 90 pips are more 81.8% of the time
It has move 100 pips are more 72.1% of the time
It has move 200 pips are more 13.6% of the time
In 2007 it has moved 120 pips or more 12 of 19 trading days
In 2007 it has had two days where it has moved 200 pips are more

Weekly Range For 2007 has been for week beginning

12/31/06 467 Pips
1/7/07 342 Pips
1/14/07 207 Pips
1/21/07 358 Pips