GBP/USD Day Trade Percentages

Day trades are derived from either the 7 1/2 hour trade from 2:30 am EST to 10:00 am EST or the 24 hour trade from 5 pm EST to 5 pm EST. The vast majority of trading occurs from 2:30 am to 10 am. The 24 hour trade allows profits from 5 pm to 2.30 am and from 10:00 am to 5 pm. Not 1 pip profit is missed in the 24 hour trade especially for central bank meetings for the RBA, RBNZ and BOJ.

The 24 hour trade allows to profit from outlier pips. If GBP/USD trades an 80 pip day, the full 60 ish pips will profit from the 7 hour trade and the additional 20 ish pips profit from the 24 hour trade.

How does GBP/USD 63 pips match to the past 56 trade days. Here’s the data and percentages.

GBP/USD 15 of 56 trade days, had 100 pips or above trade days or 26.10%. GBP/USD traded 41 days of 56 below 100 pips or 73.21%.

GBP/USD 1 day traded 204 pips.

GBP/USD at 70 pip trade days = 10 of 56 or 17.86%. Below 70 pip trade days = 16 of 56 or 28.57%.

GBP/USD at 60 pips and below = 10 of 56 or 17.86.

GBP/USD below 70 and 60 pip trade days = 26 of 56 or 46.43%.

GBP/USD 70 pip to 100 trade days = 25 of 56 or 14%.

GBP/USD in the past 56 trade days ranged from 1.1820 to 1.2679 or 859 pips. Take 859 divide 56 = 15.33. Speculation for 15.33 = Minimum pips that must trade.

GBP/USD = 63

Long Short Line 1.2424

Most Important 1.2393 and 1.2417 Vs 1.2431, 1.2439, 1.2447, 1.2455, 1.2471, 1.2479, 1.2487, 

Bottom 1.2361 achieves by 1.2376 and 1.2392

Upper Target 1.2487

Continuation Fail 1.2455

Brian Twomey