Ok whatever. I do admit I don't know much about the true interbank system. I'm just going by what IBFX says on their website. Whether they are giving misleading advertising or not, all I know is my scalping performance has improved dramatically ...

Mathematical reasons why MOST DayTraders & scalpers fail?

The eurusd 1730 price has been hit. I have a new Price magnet for usdchf USDCHF 1.3085 JohnFX

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On average it can be anywhere from 5-10 trades. Occasionally I go over 10, but I try to refrain from over trading. That's where the disicipline needs to kick in. JohnFX

JohnFX's Price Magnets

Hello Roadster welcome to FF. Actually this thread was started just a couple days ago to discuss scalping and very short term trading in forex. I am primarily a scalper, but recently have notice something on short term times frames that I am ...

JohnFX's Price Magnets

Dang, It finally did visit my 1.3145 (usdchf) last night, as previously mentioned. Just a little note: As I have stated before when I scalp I primarily trade EURUSD. This system I am working on is a longer term trading method and I have observed ...

JohnFX's Price Magnets

I am not happy with this post. usdchf will probably still hit the listed area but I'm not satisfied that's taking this long. JohnFX

JohnFX's Price Magnets

Hey Iso; Thanks very much for the sugestion. I appreciate it. For now I'll just keep this thread. I didn't realize how much work it can be to post in FF and trade at the same time. I commend those in this forum who do it on a regular basis. Plus I'm ...

JohnFX's Price Magnets

This time I'm just going to give a price area for USDCHF Presently time is 10:10 AM (NY time) Should visit the 1.3135-45 area. See how it goes. JohnFX

JohnFX's Price Magnets

Hi WTB; My system is propietary (something I discovered that shows up on 1 & 5 min. charts) that seems to have a very high percent re-occurance. What I mean by that is when I spot this particular formation, price seems to just about always return to ...

JohnFX's Price Magnets

Well I see eurusd did finally visit the 1770 area as I had predicted (and a bit lower). Oh well, was still a positive trade. JohnFX

JohnFX's Price Magnets

Ok this is taking too long. Closing @ 1785 for +20 Will wait for the next setup. 2 - 1 +10 pips

JohnFX's Price Magnets

This would be a really long trade for me. Now I know why I don't trade the asian session. It's q thin, boring market. Could take 20 pips @1785. Pretty sure 1770-75 will get hit eventually. It's there like a magnet but not pulling hard enough ATM. ...

JohnFX's Price Magnets

Good idea Jim. Thanks; JohnFX

JohnFX's Price Magnets

Yeah correct. My brain is not working correctly today. Guess I didn't get enough sleep. LOL Thanks; JohnFX

JohnFX's Price Magnets

Haha lol... You must have bought a few carloads

I can't understand this enormous spike...

Had to be a bad data tick. Often times some charting data feeds will spit out a false or bad tick of data. When I have one of those I simply go into my data file stored on my computer and edit it out. JohnFX

I can't understand this enormous spike...

short eurusd @1805 stop 1825 target 1775 Shooting for 30 pips on this one. I want to re-iterate that I am not trading real money on these signals yet and don't recommend anyone doing that. These are test trades for illustration purposes only. ...

JohnFX's Price Magnets

I wasn't going to post any more in this thread, but I just noticed this from Mr. Lightbulb. (by the way that avatar is annoying to look at...LOL). So what the heck does my age have to do with anything. FYI I didn't graduate for school a couple of ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Ok got stopped out on that one. Like I said this method still needs refinement. 1 for 2 -10 pips. I still feel price will hit at least 1770 sometime this afternoon or possible early asian session. JohnFX

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Yeah. GO GIANTS!! Great defense yesterday. Reminds me of LT's days. JohnFX

JohnFX's Price Magnets