Disliked{quote} Thank you for the help how do you setup time and price on the chart like in Michael first video and do the formula he us work in the forex market?Ignored
simple and clear advice for new traders, no cryptic teachings 36 replies
Forex Audio Books and Teachings 5 replies
Michael's CHART Pattern trading is back! 0 replies
Getting Started in Currency Trading by Michael Archer 0 replies
Disliked{quote} Thank you for the help how do you setup time and price on the chart like in Michael first video and do the formula he us work in the forex market?Ignored
Disliked{quote} Tbh I am new to Jenkins method and trades just like you simply a complete nube. What I hope to see are 2 things on this thread going forward' for our proper learning, 1. real Jenkins method and trades according to his method, - the problem I have is there are too many non-Jenkin trades posted here which we are not interested(I am guilty as well) 2. actual live calls to see how they perform. Drawings on past data is artwork not trading. Whatever the result of your trade call does not matter. The real value is it's a live call. It's worth...Ignored
Disliked{quote} Why did you choose to use the low of the week and not the circled higher lows? {image}Ignored
DislikedBack in post 44 I showed you how to make up a tool for doing your Octave levels using your fib entrancement tool and entering 8 even levels .....there is a better way I have discovered and you may want to try it....Murray Math have done the same thing for us....they take 100 candles of data and determine what is the average high/low over that period of time and plot it for us....note the chart attached that seems to catch every significant level....then all you have to do is square things out with your cycle tool.....try it if you wish..... {image}...Ignored
DislikedOk so that was good for another 10 pips on the short side.....It is worth noting how Jenkins looks at these angles....when the 50 was breached means the retrace or the market is stronger than thought and this is when you have to make a quick decision. He talks of some of the most successful traders that he trained...and one of the traits they perfect is accepting the market for what it is telling you....and that means you may have to change direction quickly,.....take your small loss and get on the right side of the market....any questions on that?...Ignored
DislikedHey Swede, Thanks for pointing out the Murrey Math indicator. It does indeed line up with some key levels. I'm currently watching the Jenkins video and as a result of learning about the Jenkins Resistance Levels, I wondered what part they play, if any, in your trading approach? Cheers!Ignored
DislikedBack in post 44 I showed you how to make up a tool for doing your Octave levels using your fib entrancement tool and entering 8 even levels .....there is a better way I have discovered and you may want to try it....Murray Math have done the same thing for us....they take 100 candles of data and determine what is the average high/low over that period of time and plot it for us....note the chart attached that seems to catch every significant level....then all you have to do is square things out with your cycle tool.....try it if you wish..... {image}...Ignored
Disliked{quote} I had previously used these octaves set to 64 (occasionally 128 if the octaves too small. . . think low ADR pairs). Given past price movement on the EU the 64 setting and your 100 provide the same picture. The 100 offers more data, and I have left this on. Note the current top sits just above the strong support/resistence line of 6 and bounced off the 3. Thanks for bringing this to our attention. Also very easy and useful to see where price is from bottom to top of range and the center of gravity at 4.Ignored
Disliked{quote} Huge...I watch those levels all the time for potential turns....when there has been a strong move up, or down, then I turn to my JSA chart to gauge the retrace and I only have the script on...but my hourly and regular chart always have them.Ignored
DislikedThe starting point of every move is an impulse wave as illustrated yesterday.....before we go any further though, today we are going to square the price by establishing support/resistance and the time to the next potential turning point... 1. There are several ways to find sup/res using Jenkins ratios and you can study his teachings about all this in the books and lit posted at the beginning. But all of what he teaches is based on the Gann octave method...that is dividing the last major swing by 8 to establish sup/res. Now if you have Ensign or...Ignored