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Eur/Gbp double distribution


If you draw a box from the high-low from 17:00 to midnight the EG is 75% likely to close no where in that box and be a text book double distribution trading day. 16 out of the last 20 trading days it closed well away from the "7hour box"
I just did a study of 180 days and the finding is amazing I haven't been this excited in a while. I am real busy these days but will try and post some charts this weekend.
I'm assuming you are referring to EST. Could you explain this "7hour box" idea more? I've got the box and don't really understand what you are referring to.

Cheers

Originally posted by CharterJoe

If you draw a box from the high-low from 17:00 to midnight the EG is 75% likely to close no where in that box and be a text book double distribution trading day. 16 out of the last 20 trading days it closed well away from the "7hour box"