Damm I cant type for crap. Stop should be 1.2005 always 20 pips from entry. See how it goes. Price should return to 1.1770 (at least, sometime this afternoon. Hope stop holds.

JohnFX's Price Magnets

ok I have a signal. It's 11:49 AM NY time. sell eurusd 1.1785 stop 1.2015 target 1.1775

JohnFX's Price Magnets

target hit during London around 4:04 AM or 5:56 AM (ET) depending on your broker. Yes, I know some are going to say, "but it went much higher and your trade didn't take advantage of it". Well that's easy to say in hindsight. This method is about ...

JohnFX's Price Magnets

Yeah sorry bout that. I misread my chart after the 1st post. The entry should have been 1699 stop 1679 target 1709 There is a 90% probability price will return to 1710 area during asian - european session. Like I said I am still trying to determine ...

JohnFX's Price Magnets

sorry I typed the wrong figure. Not used to this posting of signals. filled 1699 stop 1679 target 1709

JohnFX's Price Magnets

filled @ 1709 stop 1689 targt 1719

JohnFX's Price Magnets

ok I have a signal. It's 9:36 PM NY time. buy eurusd @ 1.1699 if filled stop is 1.1679 target 1.1709

JohnFX's Price Magnets

Regarding my 1 minute chart signals for eurusd, here is what I'll do. Of course I will continue to trade my regular methods during NY session 8:00 - 12:00, that's where I earn my money. I have studied more 5 min. charts and really feel this 5 min. ...

JohnFX's Price Magnets

Well guys I'm happy, my NY Giants beat the Dallas Cowboys to take over 1st place. But still 4 games to go so they haven't won it yet. I'm going to start a new thread and call it "Forex Scalping & Very Short Term Trading. I probably should leave out ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Dave I am not bull-shitting. That's not my style. I mentioned my system to make a point. And maybe you should recall that I was probably the only person on this forum who saw that TradeVector was full of it right off the bat. You can verify that ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Well while we're on the subject of "trading systems" I'm going to mention something which I previously wasn't going to in this thread. But here it goes. And this is no BS. I have discovered a phenomenon in the 1 minute EURUSD chart that occurs ...

Mathematical reasons why MOST DayTraders & scalpers fail?

LOL.... 99% of systems that are sold simply don't work. That's why the sellers are selling the systems. If the system worked so well, simply trade it and make money trading. A lot less headaches IMO. And as far as scalping systems, like I said in ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Oh no! This thread is starting to turn into pissing and bragging contest. LOL. Well I see a lot of "I made x amount of pips",wether it be from traders in forums or on comercial pay-for-signal sites, etc. IMO the bottom line is, the ROI (return on ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Have to be carefull when trading under-the-influence of alchohol. LOL Can be dangerous. I trade just one pair (eurusd). I like to focus and concentrate on one chart. But, if you can do 4 pairs at once, then good for you. JohnFX

Mathematical reasons why MOST DayTraders & scalpers fail?

Yes I do agree with you. The monthly return is what's most important. All my talk about weekly earnings is just for reference. I don't withdraw profits weekly, only monthly. JohnFX

Mathematical reasons why MOST DayTraders & scalpers fail?

I don't think scalping makes one less patient. Either a person is already patient or isn't. But I do have to admit that I am not the most patient person. Mybe that's why I prefer very short term trading. But, with this style of trading you also ...

Mathematical reasons why MOST DayTraders & scalpers fail?

LOL, I guess I'm a perfectionist. I would like to point out that my average win from the 35 winning trades was about 3.5 pips. My largest was 14 pips. Smallest was of course 1 pip. I'll take any winning trade. Even 1 pip. Better than a losing trade. ...

Mathematical reasons why MOST DayTraders & scalpers fail?

So what's your point? My goal is simply to make money the way I like to trade. How I accomplish that doesn't really matter, as long as I reach my goal. If I trade 20 or 30 hrs. a week and make $1000 - $2000, then I feel that my goal was ...

Mathematical reasons why MOST DayTraders & scalpers fail?

Ho Lee, that's the style of a true scalper. And I would like to point out I'm not trading just 1 or 2 mini lots. Presently 20 mini lots ($20 per pip). Working my way up the eventually 50 mini lots per trade ($50 per pip). I "netted" 48 pips. Some of ...

Mathematical reasons why MOST DayTraders & scalpers fail?