Thread: Help Me Establish The GbpUsd After Dinner Club

Originally Posted by ;

what Can you have as the ma on the chart

All are EMA close

White is 5
Red is 13
Blue is 62
White that Operates with All the Gold is 144
Gold 169

I also Seem at 200 and 365

Anything else I should know/?



You have an intersting verse

Goodthings

Todays low came earlier compared to the daily time you are looking at recently... I see this truly seems to be because there was no real news reports. Daily low or high might average with no news. So today around 9:15 or so rather than 10:15

Days low

Originally Posted by ;

Goodthings
The highs high aren't always likely to be after 10am. This has been a slow afternoon together with the range being 64 pips roughly half of the average of 133 pips to the gbpusd. I'll be keeping an eye on it. As I mentioned in another place the pound has just moved less then 70 pips nine days from all 2006 until today. I believe it is 9.


Todays low came earlier compared to the daily time you are looking at recently... I see this truly appears to be because there was no real news reports. Daily high or low might average earlier on days with no news. So now around 9:15 or so rather than 10:15

This is monday's chart and following 10 am there wasn't any authentic signifcant price action of high, low, or retracement about that period.Range for the day was 64 pips which the pound dollar has just done that 19 days (7 percent ) from current date back to each of 2006.

This is Tuesday's chart showing that in 10am it was within 8 pips of daily low at 11:15am. Not trying to establish anything magical about the exact time of 10am. Just that again it could be used as a mile marker which the market is going to exhaust itself and when a person is leaving his trades on a daily basis he can devote this time period some thought. Then begin to check at ching a few pips on retracement or the rally.

Hi Goodthing,
Is it 10AM est or gmt?

Eastern

Goodthings:

I was advised by a former bank trader that options perish each weekday at 10:00 USET. Consequently, he said it is possible to expect strange things to occur during the 09:30-10:30 USET period. This may explain exactly what you have been observing.

I believe myself an active-swing trader; however most of my trades are intraday; and the 09:30-10:30 USET period was one of my favourite fishing holes. I occasionally ch a commerce in 1 direction leading to this 10:00 USET alternative expiration and also a trade in the opposite direction then time. The pip moves during this hour or so are not usually what many of us would call important, but it's been a profitable time period for me so far.

Tack on recognizing and sharing what may be a quite beneficial observation to a lot of traders browsing this forum.

...\larry.bye

My goal is to arrange my program where I can start to put this to work for me. If a person can find a handle on particular tenies on how the market moves he could up his lot dimensions for smaller moves but much more profitable. For me once I see retracement probabilities like this
23.6 Fib degree was retraced to 272 out of 280 days for a 97.1% likelihood of retracement to that degree after the days high and low are established.
38.2 Fib degree was retraced to 241 out of 280 days for a 86.1% likelihood of retracement to that level after the days high and low are established.
50.0 Fib degree was retraced to 215 out of 280 days for a 76.8% likelihood of retracement to that level after the days high and low are established.
61.8 Fib degree was retraced to 175 out of 280 days for a 62.5% likelihood of retracement to that level after the days high and low are established.
It creates for lesser risk transactions. As usual the market is the market and like any company it is one thing to understand decent business principles and another to put them into practice.
(not only know about these )sound business practices

Originally Posted by ;

Goodthings:

I had been told by a former bank trader that options perish every weekday at 10:00 USET. Consequently, he said you can expect strange things to occur during the 09:30-10:30 USET period. This may explain what you've been observing.

I believe myself an active-swing trader; but a lot of my transactions are intraday; and also the 09:30-10:30 USET period was one of my favourite fishing holes. I sometimes ch a commerce in one direction leading up to the 10:00 USET alternative expiration and a transaction in the opposite direction after that moment. The pip movements during this hour or so are not typically what many people would call significant, but it's been a profitable time period for me so far.

Congratulations on sharing and comprehending what may be a very beneficial monitoring to a lot of traders browsing this forum.

...\larry.bye