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JohnFX's Price Magnets

  • #141
  • Jan 18, 2006 11:58am Jan 18, 2006 11:58am
1/18/06 12:58 PM EST

usdjpy at: 115.30 presently

should go to 115.15

JohnFX
  • #142
  • Jan 18, 2006 2:14pm Jan 18, 2006 2:14pm
Quoting JohnFX
1/18/06 12:58 PM EST

usdjpy at: 115.30 presently

should go to 115.15

JohnFX
115:18 @ 20:55 CET, and it may not even be done going down...

I made another 10 demo PIPs on that one!
  • #143
  • Jan 18, 2006 2:45pm Jan 18, 2006 2:45pm
Quoting CescoAiel
115:18 @ 20:55 CET, and it may not even be done going down...

I made another 10 demo PIPs on that one!
It still hasn't hit 115.15 (and it will), they're fighting it. After 115.15 is finally hit it should go back to 115.35, then 115.60.

JohnFX
  • #144
  • Jan 18, 2006 2:53pm Jan 18, 2006 2:53pm
Quoting JohnFX
It still hasn't hit 115.15 (and it will), they're fighting it. After 115.15 is finally hit it should go back to 115.35, then 115.60.

JohnFX

The volumes are so small that relatively small interventions will have big results... But even a 3 pips approach to the target is amazing!

I bow to your skill at predicting the magnets!
  • #145
  • Jan 18, 2006 3:30pm Jan 18, 2006 3:30pm
Quoting CescoAiel
The volumes are so small that relatively small interventions will have big results... But even a 3 pips approach to the target is amazing!

I bow to your skill at predicting the magnets!
LOL... please no need to worship me... I'm only human.

I agree, regarding the volume. I also feel that the volume of FOREX is grossly over hyped by the retail brokers, MM's and bucket shops. IMO, a lot of the quick swings are created by them and their trading software. They can move prices pretty easily at times, to go after your "hard" or "mental stops.

JohnFX
  • #146
  • Edited 4:36pm Jan 18, 2006 4:35pm | Edited 4:36pm
Quoting JohnFX
It still hasn't hit 115.15 (and it will), they're fighting it. After 115.15 is finally hit it should go back to 115.35, then 115.60.

JohnFX
That 115.18 may have been it. 115.35 and 115.60 should work.

Also I have the EURUSD going to 1.2088. Presently it's at 1.2116

It's presently 5:35 PM EST 1/18/06

Thanks

JohnFX
  • #147
  • Jan 18, 2006 6:21pm Jan 18, 2006 6:21pm
Quoting JohnFX
That 115.18 may have been it. 115.35 and 115.60 should work.

Also I have the EURUSD going to 1.2088. Presently it's at 1.2116

It's presently 5:35 PM EST 1/18/06

Thanks

JohnFX
115.35 hit then it went back a tagged 115.18

JohnFX

  • #148
  • Jan 18, 2006 6:42pm Jan 18, 2006 6:42pm
Quoting JohnFX
It still hasn't hit 115.15 (and it will), they're fighting it. After 115.15 is finally hit it should go back to 115.35, then 115.60.

JohnFX
John,
We appreciate you sharing your methods. IF you w/in 30 pips of the "magnet" price, what are you doing about stops?? Discretionary or xx amount of pips??

Regards
  • #149
  • Edited 6:59pm Jan 18, 2006 6:58pm | Edited 6:59pm
Quoting JohnFX
115.35 hit then it went back a tagged 115.18

JohnFX

EURUSD 1.2088 hit. Could go lower but I don't have a specific magnet below 2088.

A magnet has been created up back at 1.2118

1/18/2006 7:57 PM EST

JohnFX
  • #150
  • Jan 18, 2006 7:04pm Jan 18, 2006 7:04pm
Quoting brahma12
John,
We appreciate you sharing your methods. IF you w/in 30 pips of the "magnet" price, what are you doing about stops?? Discretionary or xx amount of pips??

Regards
That's something I'm still trying to perfect. I know I can call price point targets with very high accuracy. Still working on the entry and stop combo. Since my accuracy is so high I'm inclined to use a stop twice my target size. Example: 20 pip target, 40 pip stop. Even with a 1:2 ratio and my high accuracy, very good money can be made. I just do not want the operators going after my stop. And I don't care what anyone says, THEY DO STOP HUNT.

JohnFX
  • #151
  • Jan 18, 2006 7:17pm Jan 18, 2006 7:17pm
As you can see USDJPY is not "happy" because it didn't hit 115.15 "exactly", hence another attempt and sharp move down.

1/18/06 8:18 PM EST

JohnFX
  • #152
  • Jan 18, 2006 7:21pm Jan 18, 2006 7:21pm
Quoting JohnFX
That's something I'm still trying to perfect. I know I can call price point targets with very high accuracy. Still working on the entry and stop combo. Since my accuracy is so high I'm inclined to use a stop twice my target size. Example: 20 pip target, 40 pip stop. Even with a 1:2 ratio and my high accuracy, very good money can be made. I just do not want the operators going after my stop. And I don't care what anyone says, THEY DO STOP HUNT.

JohnFX
Got it ...thanks again. And I 100% agree about stop hunting. Way too many times you can tell that they trigger the stops and prices reverse at points that are unlikely to happen. You'd think that they would be subtle about it since there trying to screw the people that pay their income!!

D
  • #153
  • Jan 18, 2006 11:07pm Jan 18, 2006 11:07pm
1/19/06 12:05 AM EST

Ok this is what I see probably happening.

Another price magnet has been created at 1.2089 for EURUSD and still the one at 1.2118. Currently EURUSD is around 1.2099. The most likely move is to continue up to 1.2118 then come back down to 1.2089.

USDJPY is still hanging low around 115.20. It will eventually hit 115.15. When EURUSD comes back down to 1.2089 it should help push USDJPY up to the 115.65 target.

We'll see.

JohnFX
  • #154
  • Jan 19, 2006 12:28am Jan 19, 2006 12:28am
Looks like USDJPY hit 115.15, at least according to my charts. Nice work once again!

Quoting JohnFX
1/19/06 12:05 AM EST


USDJPY is still hanging low around 115.20. It will eventually hit 115.15. When EURUSD comes back down to 1.2089 it should help push USDJPY up to the 115.65 target.

We'll see.

JohnFX
  • #155
  • Jan 19, 2006 1:04am Jan 19, 2006 1:04am
Despite what you say about 'worship', such accuracy is
  • #156
  • Jan 19, 2006 8:41am Jan 19, 2006 8:41am
1/19/2006 9:40 AM EST

Right now the market is in chop "garbage" mode. Very difficult to trade this type of condition.

Targets still open:

USDJPY 115.60 (I made a couple mistakes in previous posts and said 115.65)

EURUSD 1.2118


JohnFX
  • #157
  • Jan 19, 2006 9:45am Jan 19, 2006 9:45am
Quoting JohnFX
1/19/2006 9:40 AM EST

Right now the market is in chop "garbage" mode. Very difficult to trade this type of condition.

Targets still open:

USDJPY 115.60 (I made a couple mistakes in previous posts and said 115.65)

EURUSD 1.2118


JohnFX
eurusd 1.2118 target hit.

JohnFX
  • #158
  • Jan 19, 2006 9:54am Jan 19, 2006 9:54am
The fact that USDJPY hasn't gone much below 115.00 despite the pretty good upmove of EURUSD to my 1.2118 target is encouraging that the USDJPY should reach the 115.60 target sometime today, hopefully.

Thanks;

JohnFX
  • #159
  • Jan 19, 2006 1:30pm Jan 19, 2006 1:30pm
Quoting JohnFX
The fact that USDJPY hasn't gone much below 115.00 despite the pretty good upmove of EURUSD to my 1.2118 target is encouraging that the USDJPY should reach the 115.60 target sometime today, hopefully.

Thanks;

JohnFX
Hello John i am new to this forum
your target on EUR 1.2118 is a retracement of the upmove from18.jan. (High 1.2159) 61,8%.
Are you trading fibonacci retracements?

Good Job

slawek
  • #160
  • Jan 19, 2006 1:41pm Jan 19, 2006 1:41pm
Quoting JohnFX
The fact that USDJPY hasn't gone much below 115.00 despite the pretty good upmove of EURUSD to my 1.2118 target is encouraging that the USDJPY should reach the 115.60 target sometime today, hopefully.

Thanks;

JohnFX

It's almost at 115.60! (Made 115.56 on my charts!)

Too bad I'm too late to trade it now...
I hate those days when I'm too busy to trade!
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