JohnFX's Price Magnets | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fair value interest trading + magnets 9 replies

Close Price VS Median Price (or other price types) 33 replies

House price data price action 1 reply

Price on charts vs. Bid and Ask price 1 reply

differences between chart price and trading price 2 replies

Attachments: JohnFX's Price Magnets
Exit Attachments

JohnFX's Price Magnets

  • #321
  • Feb 8, 2006 6:54pm Feb 8, 2006 6:54pm
2/8/06 7:53 PM (EST)

Here is what appears to be setting up. Looks like EURUSD is heading towards my previously mentioned Price Magnet at 1.1985. That will help the USDJPY retrace to the 118.20 area, which would be a good entry because USDJPY has a Price Magnet at: 118.68. EURUSD also has a Price Magnet at 1.1958. So a short from the 1.1985 - 95 area would also be a good entry.

JohnFX
  • #322
  • Feb 8, 2006 9:39pm Feb 8, 2006 9:39pm
Quoting JohnFX
2/8/06 7:53 PM (EST)

Here is what appears to be setting up. Looks like EURUSD is heading towards my previously mentioned Price Magnet at 1.1985. That will help the USDJPY retrace to the 118.20 area, which would be a good entry because USDJPY has a Price Magnet at: 118.68. EURUSD also has a Price Magnet at 1.1958. So a short from the 1.1985 - 95 area would also be a good entry.

JohnFX
2/8/06 10:36 PM (EST)

The above scenario is playing out the way I said (almost).
USDJPY didn't get down to 118.20. Only 118.30 then a bounce and moving to the 118.68 Magnet.

EURUSD hit 1.1985 Magnet and a bit beyond then swiftly headed down. Slowly now trying to hit the 1.1958 Magnet.

JohnFX
  • #323
  • Feb 8, 2006 10:14pm Feb 8, 2006 10:14pm
It hit the 1.1958 magnet earlier, though, right? Can past magnets remain as future targets?



Quoting JohnFX
2/8/06 10:36 PM (EST)

The above scenario is playing out the way I said (almost).
USDJPY didn't get down to 118.20. Only 118.30 then a bounce and moving to the 118.68 Magnet.

EURUSD hit 1.1985 Magnet and a bit beyond then swiftly headed down. Slowly now trying to hit the 1.1958 Magnet.

JohnFX
  • #324
  • Feb 8, 2006 10:41pm Feb 8, 2006 10:41pm
Quoting FXLogic
It hit the 1.1958 magnet earlier, though, right? Can past magnets remain as future targets?
Since the time I called 1.1958 the lowest it has got is 1.1963 (on my charts), so it will still have to get to it exactly... and it will during London most likely.

Thanks;

JohnFX
  • #325
  • Feb 9, 2006 8:31am Feb 9, 2006 8:31am
Is there another USDJPY price magnet since 118.68 was hit this morning or is this one still valid since the price dropped down again? I am so impressed that you are able to calculate these so precisely!
  • #326
  • Edited 9:50am Feb 9, 2006 9:44am | Edited 9:50am
Quoting Fx Babe
Is there another USDJPY price magnet since 118.68 was hit this morning or is this one still valid since the price dropped down again? I am so impressed that you are able to calculate these so precisely!
118.68 was hit so presently no open Magnets on USDJPY.

The EURUSD 1.1958 Magent was also hit this morn. (NY session) and I was the one who triggered that drop, believe it or not. Goes to show you how easily these suposedly trillion dollar, over-hyped volume FOREX markets, can be moved and manipulated.

2/9/06 10:44 AM (EST)

Thanks;

JohnFX
  • #327
  • Feb 9, 2006 9:50am Feb 9, 2006 9:50am
I know it's against the trend, but there is now a Price Magnet for EURUSD at: 1.1973

2/9/06 10:50 AM (EST)

JohnFX
  • #328
  • Feb 9, 2006 10:24am Feb 9, 2006 10:24am
Quoting JohnFX
118.68 was hit so presently no open Magnets on USDJPY.

The EURUSD 1.1958 Magent was also hit this morn. (NY session) and I was the one who triggered that drop, believe it or not. Goes to show you how easily these suposedly trillion dollar, over-hyped volume FOREX markets, can be moved and manipulated.

2/9/06 10:44 AM (EST)

Thanks;

JohnFX
I want to point out that when I said there are times when you can trigger a move of 10-15 pips and without a very big position, particularily in EURUSD, I was Dead Serious. I didn't just say that to try and impress FXBabe or anyone.

JohnFX
  • #329
  • Feb 9, 2006 10:55am Feb 9, 2006 10:55am
Please explain what you mean by moving EUR 10-15 pips by yourself.
  • #330
  • Feb 9, 2006 10:59am Feb 9, 2006 10:59am
I'm impressed anyway.....keep it up, John!

MrsMac
  • #331
  • Feb 9, 2006 11:05am Feb 9, 2006 11:05am
Quoting WTB
Please explain what you mean by moving EUR 10 pips by yourself.
Not hard to do. When the market is in it's pathetic state like it is this morning (NY) and like it is a high percent of the time, when there is no "real" volume. The market is being controlled by the MM's software. It's programmed with "greed" in mind and it's main function is to "SCREW" the small retail trader. I think I have mentioned in previous posts about my "Lure" tactic. You can intice the software to move the market against you with only small (even micro) lots. Example: I buy a .10 lot of EURUSD it immediately moves a couple pips against me. I repeat this process several times and the market will keep moving a couple pips against me at a time. I have had it go 8, 10 even 15 pips like that. Eventually, since the move was artificial, it goes back to near where it started the fake move.

Thanks
JohnFX
  • #332
  • Feb 9, 2006 11:13am Feb 9, 2006 11:13am
As for my Price Magnets? All I know is I have discovered a way to detect them. As far as What They Are? I have a theory that they may be fundimental in nature. In other words, price HAS to trade at these Magnet Prices at some point, for fundimental reasons. And fundimentals will overpower technicals and the MM manipulation, when it wants to. But that is just my theory I don't have proof of why price returns to these Price Magnets a high percent of the time, all I know is I've figured out how to detect them.

Thanks;

JohnFX
  • #333
  • Feb 9, 2006 11:57am Feb 9, 2006 11:57am
2/9/06 12:56 PM (EST)


USDJPY has a price magnet at: 118.56


JohnFX
  • #334
  • Feb 9, 2006 12:06pm Feb 9, 2006 12:06pm
Quoting JohnFX
I know it's against the trend, but there is now a Price Magnet for EURUSD at: 1.1973

2/9/06 10:50 AM (EST)

JohnFX
1.1973 hit (and beyond).



JohnFX
  • #335
  • Feb 9, 2006 1:09pm Feb 9, 2006 1:09pm
Quoting JohnFX
1.1973 hit (and beyond).



JohnFX
2/9/06 2:09 PM (EST)

I entered this week with the mindset of only looking for Price Magnets which are with the 15 min. chart trend. But with the market in this bull-shit mode I went back and re-examined the charts. I spotted another Price Magent for EURUSD at 1.2001 which was created early during the London session on 2/7/06.

So, 1.2001 is a target.

Thanks;

JohnFX
  • #336
  • Feb 9, 2006 1:14pm Feb 9, 2006 1:14pm
2/9/06 2:15 PM (EST)

RECAP:

So we have USDJPY going to 118.56 and EURUSD heading to 1.2001


JohnFX
  • #337
  • Feb 9, 2006 1:32pm Feb 9, 2006 1:32pm
Quoting JohnFX
2/9/06 2:15 PM (EST)

RECAP:

So we have USDJPY going to 118.56 and EURUSD heading to 1.2001


JohnFX
Just uploaded a new EURUSD chart.

www.jajr.com

Thanks;
JohnFX
  • #338
  • Feb 9, 2006 2:56pm Feb 9, 2006 2:56pm
Just posted another EURUSD chart to my website:

www.jajr.com

Thanks;

JohnFX
  • #339
  • Feb 9, 2006 5:09pm Feb 9, 2006 5:09pm
Quoting JohnFX
Just posted another EURUSD chart to my website:

www.jajr.com

Thanks;

JohnFX
EURUSD now also has a Price Magnet at : 1.1968

So, I would imagine that once it completes its journey to 1.2001, it should head for 1.1968.

JohnFX
  • #340
  • Feb 9, 2006 6:12pm Feb 9, 2006 6:12pm
Quoting JohnFX
EURUSD now also has a Price Magnet at : 1.1968

So, I would imagine that once it completes its journey to 1.2001, it should head for 1.1968.

JohnFX
1.2001 target hit (and beyond) at 19:02 (EST).

JohnFX
0 traders viewing now