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JohnFX's Price Magnets

  • #341
  • Feb 9, 2006 6:41pm Feb 9, 2006 6:41pm
Quoting JohnFX
1.2001 target hit (and beyond) at 19:02 (EST).

JohnFX
1.1968 just hit thanks to my "lure" tactic.



JohnFX
  • #342
  • Feb 9, 2006 8:06pm Feb 9, 2006 8:06pm
Quoting JohnFX
2/9/06 12:56 PM (EST)


USDJPY has a price magnet at: 118.56


JohnFX
USDJPY 118.56 hit around 20:50 (EST)


JohnFX
  • #343
  • Feb 9, 2006 8:08pm Feb 9, 2006 8:08pm
Now I'm not trying to be boastfull, but you have to admit that my calls were pretty precise today. Go back over my posts today and compare with your charts.



JohnFX
  • #344
  • Feb 9, 2006 8:24pm Feb 9, 2006 8:24pm
Quoting JohnFX
Now I'm not trying to be boastfull, but you have to admit that my calls were pretty precise today. Go back over my posts today and compare with your charts.



JohnFX
You called the euro almost to a tee, it did go higher than you thought but retraced within 5 pips of 1.1968

Nice job
Jace
  • #345
  • Feb 9, 2006 8:25pm Feb 9, 2006 8:25pm
Hi John. You deserve some props. I watched all of them get hit. You were on fire! Thanks, BillyC
  • #346
  • Feb 9, 2006 8:43pm Feb 9, 2006 8:43pm
nice job. Did anybody besides me make bank off johns posts today?
  • #347
  • Feb 10, 2006 11:20am Feb 10, 2006 11:20am
Thanks for the compliments Guys & Gals.

With that rediculous overdone and minipulated drop of the EURUSD this NY morning, there is a Price Magnet now at: 1.2006 & 1.2014

I doubt price will get back there today, but you never know.

Thanks;

JohnFX
  • #348
  • Edited Feb 12, 2006 10:08am Feb 11, 2006 9:49pm | Edited Feb 12, 2006 10:08am
At the beginning of this past week I had announced that I would be taking a defined approach in using my Price Magnets. I mentioned I would be using a 50 pip target and 50 pip stop. Now I plan to try a different approach.

A while back, a poster to this thread suggested that I may want to try options such as a "one touch" option. I never really thought about it until recently. But it does make a lot of sense since as most of you have seen, I can pick price levels that price visits pretty accurately. But my problem has been where the best time is to enter and what stop to use. Well the stop isn't an issue if using an option. I know I have read and heard that options are not a good deal, but I still am going to give it a try. I have opened a small account with BetonMarkets. They are not your average Forex broker but are a sort of Financial Bookie. The wagers they take on financial products (including Forex) are basicly just like an option. As far as the company is comcerned they are owned by a big publicly traded firm on the Hong Kong stock exchange so they appear to be legit and they have been in business several years. But I won't deposit any significant money with them until I gain confidence in them. Once I make some wagers (trades) and make some $$$ and withdraw some $$$ without any problems. I do like the way they handle deposits and withdrawals. Instantly to and from a debit card (Visa Verified) with no fees. I'll let you folks know how its going. If anyone out there has had any experiences with BetonMarkets please feel free to post any comments here. I would appreciate it. Once I start to trade with them I will post statements and results on my website.

Thanks;

JohnFX

P.S. Big snowstorm headed here tonight in New England. I hope it heads out to sea and misses us.
  • #349
  • Feb 11, 2006 11:04pm Feb 11, 2006 11:04pm
USDJPY has price Magnets at: 118.53 and 117.51

I will be watching these levels when the market opens. The divergence suggests that price will move down before up. If so and if 117.50 holds that would be a good place to go long or buy a 118.53 "touch option".

I loaded a new chart to : www.jajr.com

Thanks;

JohnFX
  • #350
  • Feb 12, 2006 6:35pm Feb 12, 2006 6:35pm
Quoting JohnFX
USDJPY has price Magnets at: 118.53 and 117.51

I will be watching these levels when the market opens. The divergence suggests that price will move down before up. If so and if 117.50 holds that would be a good place to go long or buy a 118.53 "touch option".

I loaded a new chart to : www.jajr.com

Thanks;

JohnFX
My 117.51 Price Magnet has just been hit, as I expected. I have purchased a 118.50 one-touch option in my B.O.M. account since there is a Price Magnet at 118.53. The option has 7 days to hit its target. Should Be a Piece-of-Cake hopefully.

Thanks;

JohnFX
  • #351
  • Feb 12, 2006 6:45pm Feb 12, 2006 6:45pm
Guys;

Something I just noticed about B.O.M. (BetonMarkets) is that the option or (wager) increases in value as price moves in my favor. So if I desire, once the option is "in-the-money", I can sell it for a profit (lesser) instead of waiting for it to hit my price magnet. That's cool, just like regular stock options on CBOE.

When I said I opened a small account with BOM, I mean VERY small acount, only $50 to start.

JohnFX
  • #352
  • Feb 12, 2006 8:48pm Feb 12, 2006 8:48pm
Just uploaded new USDJPY chart to website:


www.jajr.com


JohnFX
  • #353
  • Feb 12, 2006 11:03pm Feb 12, 2006 11:03pm
Quoting JohnFX
My 117.51 Price Magnet has just been hit, as I expected. I have purchased a 118.50 one-touch option in my B.O.M. account since there is a Price Magnet at 118.53. The option has 7 days to hit its target. Should Be a Piece-of-Cake hopefully.

Thanks;

JohnFX
I noticed that the USDJPY created another Price Magnet at 117.55.

So it has one at 117.55 and 118.53.

I did close out the 118.50 option for a 22% profit when USDJPY spiked up a bit to 118.04 and when I had noticed that a new price magnet had been created at 117.55. It's hard to determine if it will go back to 117.55 again, before heading to my 118.53 target.

Well it's midnight here and I'm off to bed.

Thanks;

JohnFX
  • #354
  • Feb 13, 2006 5:31pm Feb 13, 2006 5:31pm
Quoting JohnFX
I noticed that the USDJPY created another Price Magnet at 117.55.

So it has one at 117.55 and 118.53.

I did close out the 118.50 option for a 22% profit when USDJPY spiked up a bit to 118.04 and when I had noticed that a new price magnet had been created at 117.55. It's hard to determine if it will go back to 117.55 again, before heading to my 118.53 target.

Well it's midnight here and I'm off to bed.

Thanks;

JohnFX
The 117.55 Price Magnet has been hit. I purchased another 118.50 "touch Option". It has 5 days to reach its target.

JohnFX
  • #355
  • Feb 14, 2006 8:42am Feb 14, 2006 8:42am
During the last 8 hours or so (I think), I went on another scalp-fest during these boring pathetic market conditions. Good practice and I only used micro-lot size. Well anyway, I had 53 winners and 4 losers (93%), wow about 150 pips net. If you want to see the statement here it is:

www.jajr.com


JohnFX
  • #356
  • Feb 14, 2006 9:15am Feb 14, 2006 9:15am
Quoting JohnFX
... I have opened a small account with BetonMarkets.


... If anyone out there has had any experiences with BetonMarkets please feel free to post any comments here. I would appreciate it.


P.S. Big snowstorm headed here tonight in New England. I hope it heads out to sea and misses us.
I've had an account with BOM for more than a year and so far everything has gone smooth. Almost instantaneous withdrawals and good customer relationships.

Hey, what a storm ! They said it was the biggest ever recorded in the US !
  • #357
  • Feb 14, 2006 9:19am Feb 14, 2006 9:19am
Quoting QuestionGuy
I've had an account with BOM for more than a year and so far everything has gone smooth. Almost instantaneous withdrawals and good customer relationships.

Hey, what a storm ! They said it was the biggest ever recorded in the US !
Hey, thanks for the input about BOM.

No, here in my part of Massachusetts, wasn't close to being the biggest storm. We only had 10 inches. Some parts of MA got 2 feet.

We had a blizzard last year (jan. 23, 05) where we got about 30 inches and the storm last for 2 days.

Thanks;

JohnFX
  • #358
  • Feb 14, 2006 9:24am Feb 14, 2006 9:24am
... and I forgot to say I'm impressed by your magnets; nice job really.


Thank you


QG
  • #359
  • Feb 16, 2006 11:20am Feb 16, 2006 11:20am
Quoting JohnFX
The 117.55 Price Magnet has been hit. I purchased another 118.50 "touch Option". It has 5 days to reach its target.

JohnFX
I had the opportunity to sell the 118.50 touch option this morning (NY) at a small profit, so I did. With the Japan GDP due out today at 6:50 PM (EST), there is no telling what the Yen will do. Plus the USDJPY and the whole Forex market in general, has really tested my patience the past few days.

The USDJPY now has a price magnet down at 117.40, so I may be looking to buy another option for that price point, if and when it gets closer to 118.50 (meaning I'll be looking to short that 118.50 price area).

Thanks;

JohnFX
  • #360
  • Feb 16, 2006 6:13pm Feb 16, 2006 6:13pm
Quoting JohnFX
I had the opportunity to sell the 118.50 touch option this morning (NY) at a small profit, so I did. With the Japan GDP due out today at 6:50 PM (EST), there is no telling what the Yen will do. Plus the USDJPY and the whole Forex market in general, has really tested my patience the past few days.

The USDJPY now has a price magnet down at 117.40, so I may be looking to buy another option for that price point, if and when it gets closer to 118.50 (meaning I'll be looking to short that 118.50 price area).

Thanks;

JohnFX
The 117.40 price was hit after the Japan GDP release

JohnFX
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