EURUSD now also has a Price Magnet at : 1.1968 So, I would imagine that once it completes its journey to 1.2001, it should head for 1.1968. JohnFX

JohnFX's Price Magnets

Just posted another EURUSD chart to my website: www.jajr.com Thanks; JohnFX

JohnFX's Price Magnets

Just uploaded a new EURUSD chart. www.jajr.com Thanks; JohnFX

JohnFX's Price Magnets

2/9/06 2:15 PM (EST) RECAP: So we have USDJPY going to 118.56 and EURUSD heading to 1.2001 JohnFX

JohnFX's Price Magnets

2/9/06 2:09 PM (EST) I entered this week with the mindset of only looking for Price Magnets which are with the 15 min. chart trend. But with the market in this bull-shit mode I went back and re-examined the charts. I spotted another Price Magent for ...

JohnFX's Price Magnets

WTB; I'm going by InterBankFX's list of swap rates. Here is the link. http://interbankfx.com/faq.htm#swap JohnFX

trading AUD/JPY as though it were a bond fund

1.1973 hit (and beyond). JohnFX

JohnFX's Price Magnets

2/9/06 12:56 PM (EST) USDJPY has a price magnet at: 118.56 JohnFX

JohnFX's Price Magnets

Why not GBPJPY? The interest is almost double AUDJPY and is the highest of any pair. JohnFX

trading AUD/JPY as though it were a bond fund

As for my Price Magnets? All I know is I have discovered a way to detect them. As far as What They Are? I have a theory that they may be fundimental in nature. In other words, price HAS to trade at these Magnet Prices at some point, for fundimental ...

JohnFX's Price Magnets

Not hard to do. When the market is in it's pathetic state like it is this morning (NY) and like it is a high percent of the time, when there is no "real" volume. The market is being controlled by the MM's software. It's programmed with "greed" in ...

JohnFX's Price Magnets

I want to point out that when I said there are times when you can trigger a move of 10-15 pips and without a very big position, particularily in EURUSD, I was Dead Serious. I didn't just say that to try and impress FXBabe or anyone. JohnFX

JohnFX's Price Magnets

I know it's against the trend, but there is now a Price Magnet for EURUSD at: 1.1973 2/9/06 10:50 AM (EST) JohnFX

JohnFX's Price Magnets

118.68 was hit so presently no open Magnets on USDJPY. The EURUSD 1.1958 Magent was also hit this morn. (NY session) and I was the one who triggered that drop, believe it or not. Goes to show you how easily these suposedly trillion dollar, ...

JohnFX's Price Magnets

Since the time I called 1.1958 the lowest it has got is 1.1963 (on my charts), so it will still have to get to it exactly... and it will during London most likely. Thanks; JohnFX

JohnFX's Price Magnets

2/8/06 10:36 PM (EST) The above scenario is playing out the way I said (almost). USDJPY didn't get down to 118.20. Only 118.30 then a bounce and moving to the 118.68 Magnet. EURUSD hit 1.1985 Magnet and a bit beyond then swiftly headed down. Slowly ...

JohnFX's Price Magnets

fix typo — 2/8/06 7:53 PM (EST) Here is what appears to be setting up. Looks like EURUSD is heading towards my previously mentioned Price Magnet at 1.1985. That will help the USDJPY retrace to the 118.20 area, which would be a good entry ...

JohnFX's Price Magnets

2/8/06 10:33 AM EST F.Y.I., speaking of counter trend Magnets, there is a EURUSD price Magnet at 1.1985 JohnFX

JohnFX's Price Magnets

Obviously I haven't done much so far this week to follow my new procedure. I will have to hold off on following what I said above. I still have to re-think the 50/50 (entry/stop) idea. I may have to use a closer entry so I don't miss out on trades. ...

JohnFX's Price Magnets

That 1.1958 was hit around 7:08 AM EST JohnFX

JohnFX's Price Magnets