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JohnFX's Price Magnets

  • #61
  • Dec 21, 2005 4:26pm Dec 21, 2005 4:26pm
Quoting WTB
JohnFX, you seem to be falling in the same problem I incur in my intraday trading myself (I dont scalp though, my trades are a little bit longer): a couple of stoploss hits and I ruin the last fistful of trades. My win/loss % is certainly positive, but my average stop loss is usualy larger than my average winner, so even after a 8-out-of-10 week, I walk out with very modest earnings because those two single losses have dented badly my overall performace.

This is one bone I still struggle to chew through in my otherwise quite successful intraday trading scope
dose anyone please know broker who don`t force you to put any stop loss.? (which normaly will eat into some of you fud)
thanks
  • #62
  • Dec 21, 2005 5:35pm Dec 21, 2005 5:35pm
I've never used a broker that made me enter a stop loss. I often trade without a stop loss at either FXCM or Interbankfx. I hope that is what you are asking!
Don Life is expensive, but includes a free trip around the sun.
  • #63
  • Edited 7:25pm Dec 22, 2005 7:24pm | Edited 7:25pm
Just thought I'd post a signal given by my "Magnet" system.

I see the USDJPY getting to at least 117.35, most likely during the Asian or EU session.

Presently it's 8:20 PM 12/22/05 (NY) and USDJPY is at 116.75.

Again, I'd like to point out that my system is still in development, so if anyone trades with real money based on this signal, do it at your own risk.

Thanks;

JohnFX
  • #64
  • Dec 27, 2005 4:19pm Dec 27, 2005 4:19pm
Quoting JohnFX
Just thought I'd post a signal given by my "Magnet" system.

I see the USDJPY getting to at least 117.35, most likely during the Asian or EU session.

Presently it's 8:20 PM 12/22/05 (NY) and USDJPY is at 116.75.

Again, I'd like to point out that my system is still in development, so if anyone trades with real money based on this signal, do it at your own risk.

Thanks;

JohnFX
Well it took a lot longer than I expected, but USDJPY finally found 117.35 at around 13:30 (NY) today 12/27/05.

Looking for EURUSD to get to 1.1858 during asia or EU . (currently @ 1.1832)
JohnFX
  • #65
  • Dec 27, 2005 6:10pm Dec 27, 2005 6:10pm
Quoting JohnFX
Well it took a lot longer than I expected, but USDJPY finally found 117.35 at around 13:30 (NY) today 12/27/05.

Looking for EURUSD to get to 1.1858 during asia or EU . (currently @ 1.1832)
JohnFX
EURUSD 1.1858 target hit (InterbankFX) @ 19:03 (NY) 12/27/05

JohnFX
  • #66
  • Dec 27, 2005 6:42pm Dec 27, 2005 6:42pm
Ok it's 19:40 (NY) 12/27/05 and USDJPY is at 117.40

I have downside Magnets at: 117.29, 117.22 and 117.12

Should get there this evening.

JohnFX
  • #67
  • Dec 28, 2005 7:48am Dec 28, 2005 7:48am
Quoting JohnFX
Ok it's 19:40 (NY) 12/27/05 and USDJPY is at 117.40

I have downside Magnets at: 117.29, 117.22 and 117.12

Should get there this evening.

JohnFX
All targets hit.

JohnFX
  • #68
  • Dec 28, 2005 8:02am Dec 28, 2005 8:02am
Great forecasting JohnFX

Exactly as you posted.

Regards
Highway
  • #69
  • Dec 28, 2005 10:05am Dec 28, 2005 10:05am
Quoting highway3000
Great forecasting JohnFX

Exactly as you posted.

Regards
Highway
Thanks HW.

More to come.


JohnFX
  • #70
  • Dec 28, 2005 10:18am Dec 28, 2005 10:18am
Timestamp: 12/28/05 11:18 AM (NY)

USDCHF presently @ 1.3093

USDCHF should find its way down to 1.3065 in next few hours.

That of course will push EURUSD up , I don't have a specific upside target on EURUSD.


JohnFX
  • #71
  • Dec 28, 2005 12:35pm Dec 28, 2005 12:35pm
I may have been premature on the USDCHF post. But with that move down in the EURUSD around noontime (NY), it has created an upside target for EURUSD at 1.1905.

And I still feel USDCHF will go to 1.3065. Hopefully these moves will occur during the Asia or the EU session.

Thanks;

JohnFX
  • #72
  • Edited 3:37am Dec 29, 2005 3:25am | Edited 3:37am
Here is are my chart analysis. The trendline had been broken on the 5mins.
Attached Image
  • #73
  • Dec 29, 2005 3:35am Dec 29, 2005 3:35am
Quoting Nardino
Here is are my chart analysis.
This was what followed 15minutes later..
Attached Image
  • #74
  • Dec 29, 2005 10:17am Dec 29, 2005 10:17am
Hey Nardino,

Nice chart analysis

Thanks;

JohnFX
  • #75
  • Dec 29, 2005 9:43pm Dec 29, 2005 9:43pm
Quoting JohnFX
I may have been premature on the USDCHF post. But with that move down in the EURUSD around noontime (NY), it has created an upside target for EURUSD at 1.1905.

And I still feel USDCHF will go to 1.3065. Hopefully these moves will occur during the Asia or the EU session.

Thanks;

JohnFX
Well it's taking awhile, but it looks like the targets are in sight now. The EURUSD should definitely get hit. I won't be using this method for USDCHF anymore even though that target should also find its mark. My system works best with EURUSD and USDJPY (90+% accurate).

JohnFX
  • #76
  • Jan 3, 2006 12:00am Jan 3, 2006 12:00am
Quoting JohnFX
I may have been premature on the USDCHF post. But with that move down in the EURUSD around noontime (NY), it has created an upside target for EURUSD at 1.1905.

And I still feel USDCHF will go to 1.3065. Hopefully these moves will occur during the Asia or the EU session.

Thanks;

JohnFX
Again it took awhile, but the above targets were hit.

JohnFX
  • #77
  • Jan 3, 2006 12:09am Jan 3, 2006 12:09am
Quoting JohnFX
Again it took awhile, but the above targets were hit.

JohnFX
Incredible job!!
Could you kindly share how you can do that? It's a system or kind of feeling?

Thanks,
SteveFareast
  • #78
  • Jan 3, 2006 1:54am Jan 3, 2006 1:54am
[

JohnFX[/quote]
hi
h r u?
john can u tell me where u gbp/usd againt dollar
if it strong or week
in this week
  • #79
  • Edited 7:14am Jan 3, 2006 7:04am | Edited 7:14am
Quoting SteveFareast
Incredible job!!
Could you kindly share how you can do that? It's a system or kind of feeling?

Thanks,
SteveFareast
Thanks; Steve. Like I said in previous posts, my method is something I developed (proprietary) and doesn't involve any traditional indicators , such as pivots, MA's, stoch, EW, etc. I am able to identify price points that it appears are visited with a very high degree of accuracy. My delema is still when to enter and where to enter. (still working on that). I have no problem giving free signals, but can't divulge the method at this time. Yes, there presently is a little bit of discretion involved, but it is primarily mechanical, although I feel that the price targets are created fundimentally.

JohnFX
  • #80
  • Jan 3, 2006 7:16am Jan 3, 2006 7:16am
Quoting talal rizvi
[

JohnFX
hi
h r u?
john can u tell me where u gbp/usd againt dollar
if it strong or week
in this week[/quote]

Hello;

I don't follow the gbpusd very much. Primarily eurusd and usdjpy. But, I did pull up a chart and looked at it and presently don't have any specific target(s) for gbpusd. If I see something I will post it.

Thanks;

JohnFX
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