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JohnFX's Price Magnets

  • #101
  • Jan 9, 2006 6:15pm Jan 9, 2006 6:15pm
John,

If you are predicting that price will go to a certain level then you might want to investigate the Oanda Option price boxes. You may be able to make more money with less risk using option boxes. I am not too familiar with them but oyu may find them of interest.

Simon
  • #102
  • Jan 9, 2006 6:19pm Jan 9, 2006 6:19pm
Quoting DrRock
John,

If you are predicting that price will go to a certain level then you might want to investigate the Oanda Option price boxes. You may be able to make more money with less risk using option boxes. I am not too familiar with them but oyu may find them of interest.

Simon
Hey Simon, thanks for the suggestion. I'll look into it.

JohnFX
  • #103
  • Jan 9, 2006 6:38pm Jan 9, 2006 6:38pm
Quoting JohnFX
1/9/06 9:15 PM (EST)

Ok this what I have for the USDJPY.

It is currently around 114.40

It should head back down to 114.20 and from there bounce back up to my target of 114.60-65.

My targets of 116.55, 116.71, 117.53, which I posted last week are still viable in the next 24-48 hours.

JohnFX
114.65 target hit. It sucked it in like a vacume cleaner..lol. But It didn't go all the way to 114.20 first.

Now there is a target at 114.38 and still 114.20.

JohnFX
  • #104
  • Jan 10, 2006 12:32am Jan 10, 2006 12:32am
Quoting JohnFX
114.65 target hit. It sucked it in like a vacume cleaner..lol. But It didn't go all the way to 114.20 first.

Now there is a target at 114.38 and still 114.20.

JohnFX
114.38 & 114.20 targets hit during London session 1/10/06

JohnFX
  • #105
  • Edited 7:03am Jan 10, 2006 5:53am | Edited 7:03am
1/10/2006 8:53 AM (EST)

USDJPY is currently at: 114.63

Price target at: 114.31

JohnFX
  • #106
  • Jan 10, 2006 7:05am Jan 10, 2006 7:05am
1/10/06 10:05 AM (EST)

114.31 target hit.



JohnFX

P.S. in my previous post I had put "PM" in stead of "AM" , that's why I edited it.

Thanks
  • #107
  • Jan 10, 2006 9:15am Jan 10, 2006 9:15am
12:15 PM (EST) 1/10/06

USDJPY is at 114.60

target: 114.35

JohnFX
  • #108
  • Jan 10, 2006 11:21am Jan 10, 2006 11:21am
Quoting JohnFX
12:15 PM (EST) 1/10/06

USDJPY is at 114.60

target: 114.35

JohnFX
2:20 PM (EST) 1/10/06

114.35 Target Hit.


JohnFX
  • #109
  • Jan 10, 2006 11:48am Jan 10, 2006 11:48am
Yep.... Just noticed that on my chart too.

Indeed.... you ARE the man!



Ol' Don
Don Life is expensive, but includes a free trip around the sun.
  • #110
  • Jan 10, 2006 11:56am Jan 10, 2006 11:56am
Quoting JohnFX
2:20 PM (EST) 1/10/06

114.35 Target Hit.


JohnFX

I can't wait to learn more about your 'Magnets' theory! This is just so amazing! this is a near 100% performance! (The only exception since I started following this thread is the EUR/USD, which was caused by a rare combination of EUR+ and/or USD- fundamentals) :surprised
  • #111
  • Jan 10, 2006 5:37pm Jan 10, 2006 5:37pm
My system seems to work best for the USDJPY so I will only be using it on that pair for the present time. I am actually not doing much quick scalping now. This system's trades usually last anywhere from 10-15 min. to a few hours. But, the accuracy is very high.


Thanks;

JohnFX
  • #112
  • Jan 11, 2006 12:40am Jan 11, 2006 12:40am
Quoting JohnFX
My system seems to work best for the USDJPY so I will only be using it on that pair for the present time. I am actually not doing much quick scalping now. This system's trades usually last anywhere from 10-15 min. to a few hours. But, the accuracy is very high.


Thanks;

JohnFX
You know, I don't care for which pair it is, as long as it works! Making pips is the name of game, not selecting your favorite pair...

If it works consistently on the USDJPY, then USDJPY is my defacto favorite pair!
  • #113
  • Jan 11, 2006 3:34am Jan 11, 2006 3:34am
well done john
another INTP
  • #114
  • Jan 11, 2006 7:55am Jan 11, 2006 7:55am
You know John, I've been staring at the JPY charts, trying to see the patterns you must be seeing. Sigh..................

Did you say what time frame you are using for this? I've been looking at the M5 time frame. Thanks for any tips.

Ol' Don
Don Life is expensive, but includes a free trip around the sun.
  • #115
  • Jan 11, 2006 11:22am Jan 11, 2006 11:22am
Quoting traderone
You know John, I've been staring at the JPY charts, trying to see the patterns you must be seeing. Sigh..................

Did you say what time frame you are using for this? I've been looking at the M5 time frame. Thanks for any tips.

Ol' Don
Hello, Don. I'm using the 5, 10, & 15 min. candles with no indicators, no MA's, or pivots or EW, etc. Absolutely no traditonal indicators.

1/11/06 2:21 PM (EST) USDJPY is around 114.15

I have a price target for USDJPY at: 114.02

I haven't gone short yet, I want to see price get 25-30 pips (or more), away from the target before taking a position. Idealy it would be after 5:00 PM. Today is triple interest day and the USDJPY tends to be bid up until rollover time comes. I'm hoping my target won't get hit before then.

JohnFX
  • #116
  • Jan 11, 2006 11:45am Jan 11, 2006 11:45am
One thing that I have noticed about my method, that amazes me, is that it works just as well, if not better, during the slow market times such as NY afternoons and even late Asian session - early European session. Those are times I always use to avoid trading and scalping. But, once I have identified a "price magnet", it will usually get hit despite the time of day. Really strange, but who cares as long as it works.


JohnFX
  • #117
  • Edited 12:23pm Jan 11, 2006 12:06pm | Edited 12:23pm
Quoting JohnFX
One thing that I have noticed about my method, that amazes me, is that it works just as well, if not better, during the slow market times such as NY afternoons and even late Asian session - early European session. Those are times I always use to avoid trading and scalping. But, once I have identified a "price magnet", it will usually get hit despite the time of day. Really strange, but who cares as long as it works.


JohnFX

I live in Europe... If I can make my points in the early morning, I can take the rest of the day for other things! ;-)
  • #118
  • Jan 11, 2006 12:55pm Jan 11, 2006 12:55pm
Johnfx,


when are you going to share how this price magnet thing work or how you figure the price magnet. Hopefully you'll share. This is a great thread. Thanks !!!
Fdisk Please I just want a few pips. Is that too much to ask?
  • #119
  • Jan 11, 2006 1:46pm Jan 11, 2006 1:46pm
I haven't tried my system on the crosses, but just for the heck of it, I pulled up charts for EURGBP. There is a magnet at .6854

It's 4:45 PM (EST) 1/11/06

EURGBP presently at .6870 - .6874

See what happens to it.

JohnFX
  • #120
  • Jan 11, 2006 5:54pm Jan 11, 2006 5:54pm
Quoting JohnFX
Hello, Don. I'm using the 5, 10, & 15 min. candles with no indicators, no MA's, or pivots or EW, etc. Absolutely no traditonal indicators.

1/11/06 2:21 PM (EST) USDJPY is around 114.15

I have a price target for USDJPY at: 114.02

I haven't gone short yet, I want to see price get 25-30 pips (or more), away from the target before taking a position. Idealy it would be after 5:00 PM. Today is triple interest day and the USDJPY tends to be bid up until rollover time comes. I'm hoping my target won't get hit before then.

JohnFX

USDJPY 114.02 target hit @ 8:50 PM (EST) 1/11/06

There is now a target @114.30 (to the upside)

Thanks;
JohnFX
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