Yes, It finally broke the 115.60 at 19:30 EST 1/19/06 JohnFX

JohnFX's Price Magnets

Well I got 115.59 for a high on IBFX so I'll say target reached at 13:57 PM EST 1/19/06. I have found that many times price will come within 1 or 2 pips of my targets on the first sometimes second try. It usually eventually keeps trying until it ...

JohnFX's Price Magnets

No, that is just a coincidense. My method for picking the targets is proprietary. I do sometimes use Fibs. for entry purposes. But, my method for locating the targets really has nothing to do the traditional indicators or techniques. Thanks; JohnFX

JohnFX's Price Magnets

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

JohnFX's Price Magnets

eurusd 1.2118 target hit. JohnFX

JohnFX's Price Magnets

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

JohnFX's Price Magnets

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 ...

JohnFX's Price Magnets

Mike; If you have FXCM's platform (I do, but I don't like FXCM and don't use them for trading) the pip values are shown for all the pairs if you have the Dealing Rates Window set to "Standard" and not "Advanced" under "Look & Feel". The values are ...

Pip Value Question

Simon; Just a thought. This interest thing really isn't something I'm actively racking my brain about. You may want to check out my thread. That's where my efforts are being concentrated. By the way, IBFX has a 3 pip spread for usdjpy and FXDD has a ...

Warning to Carry Traders (Perfect Hedge)

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

JohnFX's Price Magnets

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 ...

JohnFX's Price Magnets

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

JohnFX's Price Magnets

115.35 hit then it went back a tagged 115.18 JohnFX

JohnFX's Price Magnets

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

JohnFX's Price 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 ...

JohnFX's Price Magnets

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

JohnFX's Price Magnets

1/18/06 12:58 PM EST usdjpy at: 115.30 presently should go to 115.15 JohnFX

JohnFX's Price Magnets

I think I've mentioned before that IMO, the USDJPY(long) is the best pair to try and take of advantage of rollover interest. This is especially true on wednesday's when interbankFX (and some of the other brokers) pay triple interest, which would be ...

Warning to Carry Traders (Perfect Hedge)

Yeah, after that B/S move down to about 2080 it pretty much did as I expected it would. Thanks; JohnFX

JohnFX's Price Magnets

Anyone ever trade the US dollar index USDX on the NYBOT? Could be a way to hedge an interest-bearing US dollar denominated forex pair. JohnFX

Warning to Carry Traders (Perfect Hedge)