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JohnFX's Price Magnets

  • #381
  • Feb 22, 2006 11:12pm Feb 22, 2006 11:12pm
Quoting JohnFX
USDJPY has a Price Magnet way down at 117.62


JohnFX
117.62 target hit. It was at 118.60 when I made this call late on Monday. I had a 117.65 One-Touch option, so it work perfect.

USDJPY now has Price Magnets at: 118.52 & 118.78

JohnFX
  • #382
  • Feb 22, 2006 11:14pm Feb 22, 2006 11:14pm
Quoting SteveFareast
God!!! I can't believe it's true! My hero!

Steve
Thanks Steve, we must have been typing about the same time. You beat me to the post. Like I said previously, the USDJPY works the best. Doesn't mean the EURUSD won't get to its target, but often takes a lot more patience you take more "heat" on the trade.

JohnFX
  • #383
  • Feb 22, 2006 11:23pm Feb 22, 2006 11:23pm
Quoting JohnFX
117.62 target hit. It was at 118.60 when I made this call late on Monday. I had a 117.65 One-Touch option, so it work perfect.

USDJPY now has Price Magnets at: 118.52 & 118.78

JohnFX
Before I take a long position for a 118.78 target, I want to see some MACD divergence on 5 or 15 min. chart. None yet so it could go lower. Caution is advised. It's 12:22 AM here, so it will probably happen while I'm sleeping.

JohnFX
  • #384
  • Feb 22, 2006 11:32pm Feb 22, 2006 11:32pm
Looks like the 117.60 put the Kibosh (I think thats how ya spell it...lol) on the move down for the time-being.

JohnFX
  • #385
  • Feb 22, 2006 11:41pm Feb 22, 2006 11:41pm
Quoting JohnFX
Thanks Steve, we must have been typing about the same time. You beat me to the post. Like I said previously, the USDJPY works the best. Doesn't mean the EURUSD won't get to its target, but often takes a lot more patience you take more "heat" on the trade.

JohnFX
Out of huge curiosity, how could you make it? Keen to understand your system. Could you give any hint? With which factors do you confirm your magnets? There are so many I yearn to know. When will be the end we can stop guessing the riddle?

Steve
  • #386
  • Feb 23, 2006 7:40am Feb 23, 2006 7:40am
I see 1.1970 (EURUSD) target was hit. 1.2010 remains.


JohnFX
  • #387
  • Feb 23, 2006 3:45pm Feb 23, 2006 3:45pm
Hi John

I've followered this thread since the scalping title (i know you still do scalp), but this is a stunning performance by your magnets. It makes me chuckle how you can predict these numbers. I'm waiting on the euro 1.2010 to give me my next belly laugh.

I do doth my cap to you Sir.

slate
  • #388
  • Feb 23, 2006 4:50pm Feb 23, 2006 4:50pm
Quoting slate
Hi John

I've followered this thread since the scalping title (i know you still do scalp), but this is a stunning performance by your magnets. It makes me chuckle how you can predict these numbers. I'm waiting on the euro 1.2010 to give me my next belly laugh.

I do doth my cap to you Sir.

slate
Hey thanks for the comp. , Slate. I'm not scalping Forex very much lately. I am going to confine my scalping and very short term intraday trading to the mini dow index on the Ecbot. All electronic exchange.

The EURUSD got to 1.1970 pretty much right on the nose. But, the 1.2010 may take some time. I may be mostly posting (and trading), the Price Magnets for USDJPY from now on. Right now my target is: 118.75

Thanks;

JohnFX
  • #389
  • Feb 23, 2006 7:22pm Feb 23, 2006 7:22pm
John, how are you able to tell the speed at which the magnets will be reached? Im curious as youve mentioned a couple of times that the euro 2010 magnet may take a while. do the magnets have an inbuilt speedo?

Trumpcard
  • #390
  • Feb 23, 2006 7:44pm Feb 23, 2006 7:44pm
Quoting Trumpcard
John, how are you able to tell the speed at which the magnets will be reached? Im curious as youve mentioned a couple of times that the euro 2010 magnet may take a while. do the magnets have an inbuilt speedo?

Trumpcard
Lol...good one Trump. Actually I don't have a clue how long it will take. Just an educated guess based on price action and the amount of pips it has to travel. All I know is these Magnets eventually get hit a high percent of the time, usually taking no longer than a few days.

I'd like to point out that during the course of the day there are other Magnets that I don't get time to post, which I guess you could call them very short term magnets where price moves 10-20-30 pips from it and then returns to it. The trick is to try and figure out if it is going to be a "quick" Magnet, which you trade as a sort-of scalp, or if it's going to be a long term Magnet, which you want to wait until price gets like 75 or 100 pips or more away from it, before you enter for the trade.

JohnFX
  • #391
  • Feb 24, 2006 7:25am Feb 24, 2006 7:25am
USDJPY has magnets at: 117.27, 117.49, 118.49, 118.78

Thanks;

JohnFX
  • #392
  • Feb 24, 2006 8:30am Feb 24, 2006 8:30am
I know this is a Forex forum, but for anyone who is interested, the Mini Down Index (YM) (march contract), has a price magnet at 11044.

JohnFX
  • #393
  • Feb 24, 2006 9:38am Feb 24, 2006 9:38am
Quoting JohnFX
I know this is a Forex forum, but for anyone who is interested, the Mini Down Index (YM) (march contract), has a price magnet at 11044.

JohnFX
The Mini Dow opened at 11072 and hit my Magnet at 11044 at 10:34 AM (EST).


JohnFX
  • #394
  • Feb 24, 2006 11:39am Feb 24, 2006 11:39am
Quoting JohnFX
The Mini Dow opened at 11072 and hit my Magnet at 11044 at 10:34 AM (EST).


JohnFX
The Mini Dow Index has a price magnet at : 11038

Right now it's around 11067


JohnFX
  • #395
  • Feb 28, 2006 9:48am Feb 28, 2006 9:48am
Quoting JohnFX
The Mini Dow Index has a price magnet at : 11038

Right now it's around 11067


JohnFX
I posted the 11038 target Friday. It got hit this AM.

Upside targets are 11074, 11115 & 11125

JohnFX
  • #396
  • Feb 28, 2006 9:55am Feb 28, 2006 9:55am
bring on the euro 2010 magnet baby!
  • #397
  • Feb 28, 2006 12:17pm Feb 28, 2006 12:17pm
Firstly, John - Thank you very much for sharing your insights with us. I ve been following your thread for sometime and expreimenting with different entries, stops and limits which is certainly a challenge. Even tried the box option feature in Oanda but missed out by a few hours on one of the magnets. Going to have a play around with hedging soon.

A couple of quick Q's
Are the JPY magnets still valid?
Do magnets ever dissapear or expire?

Once again thanks for posting on this thread. I, like many, appreciate it.

Cheers
  • #398
  • Feb 28, 2006 12:44pm Feb 28, 2006 12:44pm
Quoting Adsta
Firstly, John - Thank you very much for sharing your insights with us. I ve been following your thread for sometime and expreimenting with different entries, stops and limits which is certainly a challenge. Even tried the box option feature in Oanda but missed out by a few hours on one of the magnets. Going to have a play around with hedging soon.

A couple of quick Q's
Are the JPY magnets still valid?
Do magnets ever dissapear or expire?

Once again thanks for posting on this thread. I, like many, appreciate it.

Cheers
Hello Adsta, Thanks for the post. The candle formations that I call magnets are always there on the charts once created, so technically the don't disappear. The part I still struggle with (in Forex) is the entry. Is it practical to still consider the JPY ones valid? That's difficult since the JPY bias is strongly down now. Depends on what type of trader one is, wether or not you want to have a target that is 200 - 300 pips away. The 117.27 & 117.49 targets would be the highest probability right now on a retrace. There is also now a target at 116.18 which is not too far away. To be honest with everyone, I have been watching the Mini Dow Index, with regards to the Price Magnets and have more confidence in the performace on that, escpecially on an intraday basis.

Thanks;

JohnFX
  • #399
  • Mar 1, 2006 7:23am Mar 1, 2006 7:23am
Quoting JohnFX
Hello Adsta, Thanks for the post. The candle formations that I call magnets are always there on the charts once created, so technically the don't disappear. The part I still struggle with (in Forex) is the entry. Is it practical to still consider the JPY ones valid? That's difficult since the JPY bias is strongly down now. Depends on what type of trader one is, wether or not you want to have a target that is 200 - 300 pips away. The 117.27 & 117.49 targets would be the highest probability right now on a retrace. There is also now a target at 116.18 which is not too far away. To be honest with everyone, I have been watching the Mini Dow Index, with regards to the Price Magnets and have more confidence in the performace on that, escpecially on an intraday basis.

Thanks;

JohnFX
116.18 was hit around 5:40 AM (EST)

JohnFX
  • #400
  • Mar 1, 2006 11:10am Mar 1, 2006 11:10am
Quoting JohnFX
I posted the 11038 target Friday. It got hit this AM.

Upside targets are 11074, 11115 & 11125

JohnFX
The 11074 target has been hit.

JohnFX
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