Forex Ranges are Mathematical and ranges are found in books on meteorology. Far better books to learn and understand Statistics. due to many examples offered. The older the books the better due to the time taken by authors to offer deeper explanations to Statistical weather concepts.
Think about wind speeds, time to hurricane touchdowns and distances to touch certain areas. How about rain, snowfalls, blizzards, tornadoes and other weather patterns and events.
So time, distance and speed. Speed = Distance divide Time.
Distance = Speed X Time.
Time = Distance divide Speed.
Time to a moving average is found by price divide by average. Answers how long will target take to complete. Speed answers how fast is price and average moving while Distance answers how far.
Most vital are ranges to all market prices. That’s the distance between two points. The trade strategy is short highs at Deciles and long Terciles. All come in ranges by positive and negative values.
EUR/USD today until 10 AM Est, Tercile ranges are 1.2143 to 1.2073. Ranges are also vital break points to see a price rise above or below.
AUD/USDS current price at 0.7719 ranges from 0.7719 to 0.7736 or breaks 0.7719 to range 0.7719 to 0.7702. The Tercile range is 0.7673 to 0.7731. Informs 0.7731 must break to trade 0.7736 and 0.7702 must break to trade 0.7673.
AUD by Tercile ranges also informs a low and oversold price.
The same concept to ranges below are found in Confidence Intervals however ranges below are more accurate as Confidence intervals contain wider distances. Can’t remember 9.
Tercile 3rds
Quartiles 4
Quintiles 5
Sextiles 6
Septiles 7
Octiles 8
Deciles 10
Mathematical Stops are also located on site if interested. Enter Mathematical Stops in the Box to right and it appears. Enter any concept, trade, financial instrument and it appears.
Brian Twomey
BRIAN TWOMEY ON TRADING 