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JohnFX's Price Magnets

  • #401
  • Mar 1, 2006 11:53am Mar 1, 2006 11:53am
Quoting JohnFX
The 11074 target has been hit.

JohnFX
On the downside, the Mini Dow Index has Price Magnets at: 11027 & 10997

Thanks;

JohnFX
  • #402
  • Mar 2, 2006 9:29am Mar 2, 2006 9:29am
hi John, getting damn close to the 1.2010 magnets on the Euro!
  • #403
  • Mar 2, 2006 9:34am Mar 2, 2006 9:34am
Quoting Trumpcard
hi John, getting damn close to the 1.2010 magnets on the Euro!
Hi Trump;

Yeah it should hit it.

JohnFX
  • #404
  • Mar 2, 2006 9:39am Mar 2, 2006 9:39am
  • #405
  • Mar 2, 2006 10:25am Mar 2, 2006 10:25am
and there she goes! congratulations once again John, you made the 1.2010 call a while ago!
  • #406
  • Mar 2, 2006 10:46am Mar 2, 2006 10:46am
Quoting Trumpcard
and there she goes! congratulations once again John, you made the 1.2010 call a while ago!
Thanks. Yes that was an old one. Over 2 weeks agao I think. I don't like when they take that long.

New EURUSD magnet at 1.1928

JohnFX
  • #407
  • Edited 2:17pm Mar 2, 2006 11:33am | Edited 2:17pm
Quoting JohnFX
On the downside, the Mini Dow Index has Price Magnets at: 11027 & 10997

Thanks;

JohnFX
The Mini Dow gapped open below 11027 and has just hit the 10997 target.

The upside targets are: 11036, 11069, 11115 & 11125

JohnFX
  • #408
  • Mar 2, 2006 11:41am Mar 2, 2006 11:41am
Quoting JohnFX
Thanks. Yes that was an old one. Over 2 weeks agao I think. I don't like when they take that long.

New EURUSD magnet at 1.1928

JohnFX
EURUSD magnets: 1.1996, 1.1928, 1.1903, 1.1856

I uploaded new chart: www.JAJR.com

Thanks;

JohnFX
  • #409
  • Edited Mar 3, 2006 12:12pm Mar 2, 2006 2:19pm | Edited Mar 3, 2006 12:12pm
Quoting JohnFX
The Mini Dow gapped open below 11027 and has just hit the 10997 target.

The upside targets are: 11036, 11069, 11115 & 11125

JohnFX
The 11036 target has been hit. Note that I changed the 11074 to 11069. I had made an error. New downside magnet is at : 11011.

So we have : 11011 11069 11115 & 11125

Thanks;

JohnFX
  • #410
  • Edited 3:23pm Mar 2, 2006 3:22pm | Edited 3:23pm
gawd, it (euro) took awhile but now i can let it out

Congrats John

slate
  • #411
  • Mar 2, 2006 3:49pm Mar 2, 2006 3:49pm
Quoting slate
gawd, it (euro) took awhile but now i can let it out

Congrats John

slate
Thanks Slate. Yes I agree. My Magnets haven't been getting hit quickly lately.
I think the best way to use them for high probability trades is, once price has moved away from them signifcantly 100 pips or more as as an example, then once price returns to something like 20 pips of the target, then take it. Better to get 90% successful 20 pip trades, than to go for home runs and have to deal with big stops and big drawdowns. Anyways that's my opinion.

Thanks;

JohnFX
  • #412
  • Mar 2, 2006 5:56pm Mar 2, 2006 5:56pm
It looks to me that the USD/JPY is forming a bottom here. I think it will rally for a new yearly high. What do you think John
  • #413
  • Mar 2, 2006 6:16pm Mar 2, 2006 6:16pm
Quoting danegg7
It looks to me that the USD/JPY is forming a bottom here. I think it will rally for a new yearly high. What do you think John
Hi Dane;

Just looked at the usdjpy chart. I haven't looked at it much today. Good observation about the bottom. Pretty good long tail candle on the 60 min. (last hour). I don't know about new year highs. That would be over 119.00, so I doubt that, in the near term. A new Magnet at 116.28 is in the cards, possibly followed by the 117.27.

Thx.

JohnFX
  • #414
  • Mar 2, 2006 9:08pm Mar 2, 2006 9:08pm
Quoting JohnFX
Hi Dane;

Just looked at the usdjpy chart. I haven't looked at it much today. Good observation about the bottom. Pretty good long tail candle on the 60 min. (last hour). I don't know about new year highs. That would be over 119.00, so I doubt that, in the near term. A new Magnet at 116.28 is in the cards, possibly followed by the 117.27.

Thx.

JohnFX
The 116.28 Magnet has been hit.

JohnFX
  • #415
  • Mar 3, 2006 9:34am Mar 3, 2006 9:34am
Quoting JohnFX
EURUSD magnets: 1.1996, 1.1928, 1.1903, 1.1856

I uploaded new chart: www.JAJR.com

Thanks;

JohnFX
The EURUSD 1.1996 has been hit.

JohnFX
  • #416
  • Mar 3, 2006 9:36am Mar 3, 2006 9:36am
Quoting JohnFX
The 11036 target has been hit. Note that I changed the 11074 to 11069. I had made an error. New downside magnet is at : 11011.

So we have : 11011 11115 & 11125

Thanks;

JohnFX
The Mini Dow gapped open below the 11011 Magnet, then went up through it to close the opening gap.

New Magnet created down at: 10998

JohnFX
  • #417
  • Mar 3, 2006 9:43am Mar 3, 2006 9:43am
hi john, do you think the euro 1.1928 will be hit anytime soon? brilliant call on the 1.1996 btw, spot on!
  • #418
  • Mar 3, 2006 11:07am Mar 3, 2006 11:07am
Quoting JohnFX
The Mini Dow gapped open below the 11011 Magnet, then went up through it to close the opening gap.

New Magnet created down at: 10998

JohnFX
Mini Dow 10998 target hit.

JohnFX
  • #419
  • Mar 3, 2006 11:08am Mar 3, 2006 11:08am
Quoting Trumpcard
hi john, do you think the euro 1.1928 will be hit anytime soon? brilliant call on the 1.1996 btw, spot on!
Thanks Trump.

1.1928 will be tough today, being Friday. But, you never know.

JohnFX
  • #420
  • Mar 3, 2006 12:15pm Mar 3, 2006 12:15pm
Quoting JohnFX
The 11036 target has been hit. Note that I changed the 11074 to 11069. I had made an error. New downside magnet is at : 11011.

So we have : 11011 11069 11115 & 11125

Thanks;

JohnFX
The 11069 target has been hit.

UPDATE:

The targets are, downside: 11040 upside: 11115, 11125

JohnFX
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