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GBP Patterns, Facts, Trivia

  • #121
  • Feb 17, 2007 3:43am Feb 17, 2007 3:43am
Quoting MuddBuddha
Here, I have a couple as well....GBP only:

There is typically a 6:30AM EST reversal...occurs anytime between 5:30-7:00AM....but normally around 6:30 (ranging days....obviously NOT trending).

There is a 11:30 AM EST "PUSH" a lot of times...don't know why.

"
1. profit taking from London session, pre-US session/announcements

2. profit taking NY session before lunch
  • #122
  • Mar 2, 2007 1:41am Mar 2, 2007 1:41am
Hi guys,
I have a link of a thread where a professional trader describes a V pattern on cable that occurs 94% of the time. Its formation has an explanation, It's about bank orders and so on....I would like to study this pattern with you and learn to trade it.
Is it possible to post a thread from another forum here?If not PM me and I'll send you the link
  • #123
  • Mar 2, 2007 3:31am Mar 2, 2007 3:31am
I am very much interested in Reversal times for this market.
I have read the earlier posts and seen the10 am rev time and also the530 to 7 rev time.

Is there a 7 GMT to 9 GMT reversal time?
Looking at my charts this seems to be a time the market reverses also.

I also wonder if we used cyclical analysis if we could not pinpoint if the days reversal will come at that time or earlier/later.

Suggestions/thoughts welcome
  • #124
  • Mar 4, 2007 2:38pm Mar 4, 2007 2:38pm
I wondder which indicator to use to show overbought

or oversold and how to make adjustments with 5M GBP/USD chart

???


Thank you in advance!

Luke
  • #125
  • Mar 7, 2007 3:28am Mar 7, 2007 3:28am
Did you understand the V pattern i PMed?
regards
  • #126
  • Mar 10, 2007 5:11pm Mar 10, 2007 5:11pm
Weekly Average Range (WAR) For All of 2006 was 318 Pips
Weekly Average Range (WAR) for 2006 same time this year was 286 Pips
Weekly Average Range (WAR) for 2007 to date is 294 Pips
In summary the WAR in 2007 is 8 pips higher compared to this time last year

Daily Average Range (DAR) For All of 2006 was 134 Pips
Daily Average Range (DAR) For All of 2006 this time last year 129 Pips
Daily Average Range (DAR) For All of 2007 to date is was 128 Pips
In summary the DAR in 2007 is one pip lower compared to the same time last year


Below is a chart that shows how many times the GBPUSD has moved a certain
number of pips in the first 49 days of 2006 and 2007. For example the 5 below the 200 pips column indicates that the GbpUsd had a high and low daily range of 200 pips 5 times the first 49 days of 2006. The number 3 below the 5 shows it has had a high and low daily range of 200 pips 3 times out of the first 49 days in 2007. The number 47 below the 70 pips column indicated it has moved at least 70 pips 47 times of the first 49 days of the year 2006.


Moved....200 pips... 132 pips......120pips .......100 pips......90 pips....80 pips.....70 pips
2006......5 times ......20 times......20 times......33 times.....38 times..44 times...47 times
2007......3 times.......20 times......27 times......34 times.....37 times..45 times...46 times
  • #127
  • Mar 12, 2007 5:09pm Mar 12, 2007 5:09pm
Quoting goodthings

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
Can you explain?
If you can't solve a problem, it's because you're playing by the rules.
  • #128
  • Mar 12, 2007 6:19pm Mar 12, 2007 6:19pm
This is a quote from another trader that tells why around 10am is a time when the days high and low is established then a reversal starts. The point of the post you were refering to was to point out the significance of 10am or around that time. To me it looks like a good time to close trades because of how the gbpusd retraces.

Goodthings:

I was told by a former bank trader that options expire each weekday at 10:00 USET. As a result, he said you can expect "strange" things to happen during the 09:30-10:30 USET period. This may explain what you have been observing.

I consider myself an active-swing trader; but most of my trades are intraday; and the 09:30-10:30 USET period has been one of my favorite "fishing holes." I sometimes catch a trade in one direction leading up to the 10:00 USET option expiration and a trade in the opposite direction after that time. The pip movements during this hour or so are not usually what most of us would call significant, but it has been a profitable time period for me so far.

Congratulations on recognizing and sharing what may be a very helpful observation to a lot of traders browsing this forum.

...\larry.bye
  • #129
  • Mar 13, 2007 3:18am Mar 13, 2007 3:18am
Quoting goodthings
This is a quote from another trader that tells why around 10am is a time when the days high and low is established then a reversal starts. The point of the post you were refering to was to point out the significance of 10am or around that time. To me it looks like a good time to close trades because of how the gbpusd retraces.

Goodthings:

I was told by a former bank trader that options expire each weekday at 10:00 USET. As a result, he said you can expect "strange" things to happen during the 09:30-10:30 USET period. This may explain what you have been observing.

I consider myself an active-swing trader; but most of my trades are intraday; and the 09:30-10:30 USET period has been one of my favorite "fishing holes." I sometimes catch a trade in one direction leading up to the 10:00 USET option expiration and a trade in the opposite direction after that time. The pip movements during this hour or so are not usually what most of us would call significant, but it has been a profitable time period for me so far.

Congratulations on recognizing and sharing what may be a very helpful observation to a lot of traders browsing this forum.

...\larry.bye
good info
thanks
  • #130
  • Apr 29, 2007 2:23pm Apr 29, 2007 2:23pm
2006 Daily Range For GBP/USD was 134 pips
2006 Daily Range For GBP/USD for this time last year was 128 pips
2007 Daily Range For GBP/USD to date is 122 pips
2007 5 Daily Daily Range For GBP/USD is 117 Pips
2007 10 Day Daily Range For GBP/USD is 117 pips
2007 20 Day Daily Range For GBP/USD is 108 pips
2007 55 Day Daily Range For GBP/USD is 117 pips
  • #131
  • Apr 29, 2007 2:50pm Apr 29, 2007 2:50pm
Quoting goodthings
2006 Daily Range For GBP/USD was 134 pips
2006 Daily Range For GBP/USD for this time last year was 128 pips
2007 Daily Range For GBP/USD to date is 122 pips
2007 5 Daily Daily Range For GBP/USD is 117 Pips
2007 10 Day Daily Range For GBP/USD is 117 pips
2007 20 Day Daily Range For GBP/USD is 108 pips
2007 55 Day Daily Range For GBP/USD is 117 pips
20% for today's Directional confirmation ~ 24 pips
20% less than MDR {Median Daily Range} to shoot for some profit ~24 pips
Leaves 52% on the table for me to pick up. ~62 pips.

Thank you for coming and I'll be here all week.
  • #132
  • May 20, 2007 12:58am May 20, 2007 12:58am
Below are the ranges between the high and low of each 4 hour time period for the GbpUsd . All times are US eastern.

6pm-10pm 33 pips
10pm-2am 30 pips
2am-6am 69 pips
6am-10am 65 pips
10am-2pm 52 pips
2pm-6pm 27 pip

Past Week Daily Range


2007 5 Daily Daily Range For GBP/USD is 105Pips
2007 10 Day Daily Range For GBP/USD is 107 pips
2007 20 Day Daily Range For GBP/USD is 112 pips
2007 55 Day Daily Range For GBP/USD is 114 pips

This week daily range


2007 5 Daily Daily Range For GBP/USD is 89 Pips
2007 10 Day Daily Range For GBP/USD is 97 pips
2007 20 Day Daily Range For GBP/USD is 105 pips
2007 55 Day Daily Range For GBP/USD is 112 pips

Daily Range For All Of 2007 is 119 pips
  • #133
  • Sep 8, 2010 6:48am Sep 8, 2010 6:48am
Hi there, I have just come across this thread and wondered if it had moved to somewhere else???? I have looked and looked and cant see any other reference to this statistical information that you have kindly provided. Would you know if there are any updates or if possible point me in the direction that may have similar information
Thanks in anticipation
Karen
  • #134
  • Last Post: Sep 8, 2010 10:42am Sep 8, 2010 10:42am
Karen, these should help to some extent

(attached indis)
Attached File(s)
File Type: mq4 Daily Range Calculator.mq4   15 KB | 425 downloads
File Type: mq4 # RANGE_TRADER_9.09 Labais53.mq4   20 KB | 367 downloads
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