Michael S. Jenkins teachings

Swede, I have noticed those to whom aren't serious, will never make money. You can't save them all.

Can you teach us how to draw those vertical lines from your 15 minute time frame, Mr.Jenkins mention to measure the horizontal time distance and estimated high or low bar but Im a little bit confused on how to do it..thanks

Yes...there will be a series starting today of some of the basics....

The 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 Optuma charts it is a simple touch to set up...but all of us are using Mt4 and it can be quite difficult to do all this by hand....

Solution....pull up you Fib retracement tool and input the levels to divide the low to the high by 8....below is the illustration of how to do that and it is a miracle tool for us Time and Price guys using mt4...there will be more later today...Again...we are going to just use this one chart for all the illustrations going forward...

Now, once you have made up you Octave tool (fib retracement) go back a few days, or even a week or so and find a major swing, a major impulse. and set it from the high to the low....note the levels ....you will never catch every level, every time...but you will catch enough to see that we are at a potential point of exhaustion, or at a level that we need to pay attention too.... next post will be squaring the time for all of this to occur...

Now every MT4 has a cycle tool found in your inserts tab...find it and place it on your chart, back where you established the Octaves and adjust it so you are squaring the octave with the cycle...make it the same color so it looks as part of you chart...and with simple adjustment forward, back etc...you will now see something quite interesting....you will note the price starts to react at these levels and you have just squared price and time...we will get into how to start using offset angles once you have your squared chart working....

So, why square time and price...well, have a look at the last illustration of a live trade at the closing of NY yesterday...was it the right decision to take my profits? Had I not, a couple hours later it popped up and then fell off the map...exactly where I thought it would...

So, this is a key fundamental exercise to even begin to analyze a chart..What you have done is establish an edge...while other traders are jumping in your saying "wait a minute, lets see how this plays out at this level"....An EDGE is the difference between a professional and a gambler.

Now lets see the proper way to draw offset angles....nothing written in stone here...but this is the basics to start.....

1.. down moves draw the 90 degree from the bottom to start
2.. up moves draw the 90 degree from the top
Why only the 90 degree....because whenever there is a reversal off the top seldom is the 90 degree penetrated unless there is a real north move underway...if it is breached then you will consider a trade in that direction. Same applies off the bottom, usually when the 90 is breached there is a strong move south...all things considered....time of day, momentum, news, etc. but this is often the case...

Now look at the last chart...GBPUSD....is there any doubt about the combination of time and price, and the relation to offset angles...can you "see" the trades?

i love this angles,i watched daily then moved down to 15mins and yes i got it,thanks you Dm , Swede, Parisboy and all of you

after you master the 90 start adding 30 60 45 etc you will see the power

Importance: I have watched the Jenkins Trading Video probably close to 50 times since it was produced. This is because of the simple fact that I learned or reinforced what I have learned each time I watched it. So will YOU.

Thanks for the detailed explanation swede, Got it on my mt4 now, Was a little troubled earlier, appreciate it!

To be used for analysis when Price Action is in RANGE

To be used when Price Action is BULLISH

Starting in post 44 we have established ....1...How To Divide a Major impulse by 8 to establish support or resistance.
2...How to establish a time line probability by using our cycle tool and squaring the price.
3...How start the drawing of offset angles...the basics

What I want to say here is just doing these three basic things can make even the most novice trader improve his trading tremendously. Most traders want an easy peasy trading script..open a chart, take the trade and wait for profit.....but that is not enough in today's trading environment, you need to see a picture before pulling the trigger...

Look at the last post from parisboy....you need to know what side of the market you want to be on...when you get it right you cannot imagine the profits that are waiting for you......

Tomorrow I would like to show you some MEASURED MOVES...is that ok....

If you enjoy some of these post let me know by a "like" or something...it motivates us to post more because we see we have some willing students of these methods.....keep green!!!!

ps.....I got Euro going north this morning...and I got Euro going south this morning using some of the 3 basics talked about here...will post later

[quote = Swede; 12765557] Comenzando en el puesto 44, hemos establecido ... 1 ... Cómo dividir un impulso mayor entre 8 para establecer el apoyo o la resistencia. 2 ... Cómo establecer una probabilidad de línea de tiempo utilizando nuestra herramienta de ciclo y cuadrando el precio. 3 ... Cómo comenzar el dibujo de ángulos de desplazamiento ... lo básico Lo que quiero decir aquí es que solo hacer estas tres cosas básicas puede hacer que incluso el operador más novato mejore enormemente su comercio. La mayoría de los operadores quieren un guión de negociación fácil y fácil ... abrir un gráfico, tomar el comercio y esperar ganancias ..... pero eso no es suficiente en el entorno comercial actual, necesita ver una imagen antes de apretar el gatillo ... Mire en la última publicación de parisboy ... necesita saber en qué lado del mercado quiere estar ... cuando lo hace bien, no puede imaginar las ganancias que lo esperan ... Mañana me gustaría mostrarle algunos MOVIMIENTOS MEDIDOS ... está bien ... Si disfruta de algunas de estas publicaciones, hágamelo saber por un "me gusta" o algo así ... nos motiva a publicar más porque vemos que tener algunos estudiantes dispuestos de estos métodos ..... ¡¡manténganse verdes !!!! pd ..... Tengo Euro yendo al norte esta mañana ... y tengo Euro yendo al sur esta mañana usando algunos de los 3 conceptos básicos mencionados aquí ... publicaré más tarde [/ quote]


I really enjoy your explanations. At the moment I do not understand them, but I like them. I have looked at books and videos several times and I still don't understand. So I wait for your instructions impatiently

I have used similar, your 8th tool or standard fib drawn between the box high / low can give more levels.

I have drawn the square roughly


Good thread thanks to all.

If you draw enough lines on a chart then some of them will be a trading point :-) or some other indication.