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Michael S. Jenkins teachings

  • #181
  • Edited 4:14am Feb 23, 2020 3:53am | Edited 4:14am
Quoting guitarman
{quote} Interesting stuff! In the above Jenkins example I understand the method from the low using 1/2, 1/4 angles etc but where do the vertical lines come from.... are they fib numbers or divisions of the price converted to time? Obviously these are just as important, as you see when they intersect the other angles the turning points are really precise. Regards Guitarman

I divide the hi-lo impulse into 8 horizontal lines of equal value. see Swede's previous post.
it is not fibo number.
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  • #182
  • Feb 23, 2020 4:41am Feb 23, 2020 4:41am
Quoting junleehaw
{quote} I divide the hi-lo impulse into 8 horizontal lines of equal value. see Swede's previous post. it is not fibo number. {image}
Ok got it, cheers man.
  • #183
  • Edited 6:19am Feb 23, 2020 6:02am | Edited 6:19am
Hi swedish, I am new, I would like to ask how can I set the grid and octave in MT4? Can you tell me the setting steps? I tried but didn't succeed! If you can explain all the tools that you are going to explain next, the installation and setup steps will be a happy thing for many newcomers! Sincerely appreciate your help!
  • #184
  • Feb 23, 2020 7:45am Feb 23, 2020 7:45am
Quoting SunnyCoast
{quote} This is very enlightening. Now using MT4 I need to adjust a few tools I understand that. I can do the FIB tool easily. Are you just using the simple triangle tool? I wish I could just rotate my first triangle and copy it. Also you have your period separators on your 4 hour chart set to your specific settings. I'm trying to find how to do that and I apologise if this has already been covered. I'll search again. Edit Post #46 Got it! Cheers Anthony
see chart
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  • #185
  • Feb 23, 2020 8:11am Feb 23, 2020 8:11am
Something to Consider: This field of geometric trading, and what Michael S. Jenkins had discovered is just the Tip of the Iceberg. I remember taking Ross Beck's Course (Geometric Trading about 10 years ago) . Ross learned a lot from Jenkins amongst others, however with Ross's Experimentation, Ross was making improvements on what Jenkins had discovered. So, the point is, everyone of you reading this at this defining moment has the ability to make further discoveries in Geometric Trading. In the end, by continuing to learn a more defined edge to your trading plan, you'll make better decisions upon entry & exit.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #186
  • Feb 23, 2020 8:37am Feb 23, 2020 8:37am
Quoting Swede
{quote} see chart {image}
Excellent Post, Swede. Explicit and to the point.
You NEVER will be the person you could be, without pressure & discipline
  • #187
  • Edited 9:17am Feb 23, 2020 8:50am | Edited 9:17am
There is a question with the Jenkins "Impulse Wave".

How to determine an Impulse Wave.

IMHO there are "Impulse Waves " of different nature , degree, order. And you can not add together potatoes and carrots.

In the Chart hereunder you observe 2 different Swings :

ABCDEF and abcd

the Swing AF is the CONCATENATION (summation) of 5 Swings AB, BC, CD, DE, EF of the lower adjacent order, degree, nature

the Swing ad is the CONCATENATION (summation) of 3 Swings ab, bc, cd, of the lower adjacent order, degree, nature

obviously the 5 Swings AB, BC, CD, DE, EF and the 3 Swings ab, bc, cd are of the same order, degree, nature, all these Swings fluctuate within the limits of the Envelope 32 Time Units

the Swings AF and ad can be classified of the same nature, order, degree. Both starts on the Lower Limit of the Envelpe 256 Time Units (brown) to end on the Centered Moving Average 256 Time Units (brown). The swing ad a little under the Centered Moving Average 256 and the Swing AF slightly above.

It is obvious that if on the same chart you use Swings of different degrees you will create confusion.
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  • #188
  • Feb 23, 2020 9:06am Feb 23, 2020 9:06am
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  • #189
  • Feb 23, 2020 9:16am Feb 23, 2020 9:16am
Attached Image (click to enlarge)
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  • #190
  • Feb 23, 2020 9:18am Feb 23, 2020 9:18am
Quoting parisboy
{image}
LOL, I was just studying the same thing....
You NEVER will be the person you could be, without pressure & discipline
  • #191
  • Feb 23, 2020 9:25am Feb 23, 2020 9:25am
And that is precisely why we need to have Time Conversion Bars along with the trendline if we are going to stay with the known trend.....what is the history of retrace after an impulse move? At least that is saved my bacon a few times lately...trading the tendline by itself is dangerous imho
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  • #192
  • Feb 23, 2020 9:27am Feb 23, 2020 9:27am
Quoting DiamondMiner
{quote} LOL, I was just studying the same thing....
Diamond

IMHO it is always better to SIMPLIFY rather than COMPLEXIFY if we want to uncover the structure of Price Action.

Hence it is IMHO better to generate 2 Charts showing Price Time Relationships of Swings of the same degree - here the Swings fluctuating within the Envelope 32 and the Swings of the higher AdjacentDegree.

Only after that you can generate a chart mixing both degree of swings and check if it brings more clarity or more confusion.
  • #193
  • Edited 10:05am Feb 23, 2020 9:37am | Edited 10:05am
Quoting Swede
And that is precisely why we need to have Time Conversion Bars along with the trendline if we are going to stay with the known trend.....what is the history of retrace after an impulse move? At least that is saved my bacon a few times lately...trading the tendline by itself is dangerous imho {image}
Time Conversion Bars is essentially a Timing tool underlining a potential Low or a Potential Top at Time T.

It is why IMHO it is better to use it with the Triad Envelopes System.

The Envelopes show you the Trend(s) and act as potential Price Targets.

If you are at the same time near an Envelope Limit and within a potential Pivot Time Area you can suspect a reversal with high probability. Additional confirmation can be given by using Heikin Ashi Candles when HA Candles turn from red to green or conversely
  • #194
  • Feb 23, 2020 9:47am Feb 23, 2020 9:47am
Quoting parisboy
{quote} Diamond IMHO it is always better to SIMPLIFY rather than COMPLEXIFY if we want to uncover the structure of Price Action. Hence it is IMHO better to generate 2 Charts showing Price Time Relationships of Swings of the same degree - here the Swings fluctuating within the Envelope 32 and the Swings of the higher AdjacentDegree. Only after that you can generate a chart mixing both degree of swings and check if it brings more clarity or more confusion.
Parisboy, at this moment I am high on TCB and it's accuracy. While, Price Drop=Bars in Time is overwhelming with usually accurate with one bar. Jenkins is brilliant. If anyone studys "Square the Range" and cannot make money, you are in the wrong business.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #195
  • Edited 10:11am Feb 23, 2020 10:01am | Edited 10:11am
Quoting Swede
And that is precisely why we need to have Time Conversion Bars along with the trendline if we are going to stay with the known trend.....what is the history of retrace after an impulse move? At least that is saved my bacon a few times lately...trading the tendline by itself is dangerous imho {image}
I quote myself : "If you are at the same time near an Envelope Limit and within a potential Pivot Time Area you can suspect a reversal with high probability. Additional confirmation can be given by using Heikin Ashi Candles when HA Candles turn from red to green or conversely

the chart hereunder illustrates above sentence

(1) Notice that both Swings are of the same degree as previously explained
(2) Notice that both Time (fF) and Price (de) Measured Moves were measured with ..... my ruler !
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TCB AND ENVELOPES METHODOLOGY.jpg Size: 85 KB
  • #196
  • Feb 23, 2020 10:49am Feb 23, 2020 10:49am
Quoting parisboy
{quote} I quote myself : "If you are at the same time near an Envelope Limit and within a potential Pivot Time Area you can suspect a reversal with high probability. Additional confirmation can be given by using Heikin Ashi Candles when HA Candles turn from red to green or conversely the chart hereunder illustrates above sentence (1) Notice that both Swings are of the same degree as previously explained (2) Notice that both Time (fF) and Price (de) Measured Moves were measured with ..... my ruler ! {image}
I know what your saying but its represented through the envelopes methods, a study in itself. I haven’t seen Jenkins use these studies, its more Hurst is it not.? And mt4, even though it is possible to set up similar charts, they are only a raw representation to your charts...you use tradingview correct, they are much more sophisticated and detailed as far as I can see, so one will need a paid subscription to do similar charts to yours. Anyway, I know you read them probably better than anyone here and you see things that I miss because I haven’t developed a proficiency in using them....anyway just my 2 pips..
  • #197
  • Feb 23, 2020 11:20am Feb 23, 2020 11:20am
Let's go back to Jenkins Time Price Conversion Methodology .

Notice that if I had a general knowledge of Jenkins , I am like most of you a newbie . Until I was challenged by Swede and DiamondMiner I did not used Jenkins tools in my day to day trading.

But I am a quick learner when I am interested and I see confluence , complementarity with the Envelope System I use (I know I am a little stubborn relatively to that point.

Notice too that I did not trade the AUDUSD

Anyway we will "milk" the AUDUSD 1 Year Chart Daily using Jenkins TCB Methodology.

Look at this chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TCB 1 ENVELOPE 32.jpg Size: 63 KB
  • #198
  • Edited 1:25pm Feb 23, 2020 11:40am | Edited 1:25pm
Translation of the Chart for the Dummies and the Newbies :

a) notice the Low L1 in red
b) notice the Top T1 in Green
c) Draw an Horizontal Line (angle 0°) in black from the Low L1
d) Draw a vertical line from the Top T1 up to this horizontal line in black
e) measure the distance between the Top T1 and the black Line : this is represented by the orange vertical line = your Measured Move in Price
f) return to the Top T1 , starting from this top draw an Horizontal Line of the same length that the length of your Measured Move in Price
g)now, from the last point of this horizontal line , draw a vertical line - here the vertical Line in blue

what do you catch : a Top labeled T2 !

Notice the following points :

Jenkins shows you with the TCB method after having converted in Time Units your Measured Move in Price , you should reach a Pivot Point on the Time Axis - a Low or a Top

Parisboy which is totally stubborn regarding Envelopes observes that at this exact same moment Price Action has reached and crossed the Upper Limit of the Envelope 32 (in blue) and that Heikin Ashi Candles turn from bullish green to bearish red.

Hence Parisboy considers a Short with a Stop Loss located slightly above the Last Top labeled T2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TCB 1 ENVELOPE 32.jpg Size: 63 KB
  • #199
  • Edited 12:13pm Feb 23, 2020 11:56am | Edited 12:13pm
Translation of the Chart for the Dummies and the Newbies :

a) notice the Low L1 in red
b) notice the Top T1 in Green
c) Draw an Horizontal Line (angle 0°) in black from the Low L1
d) Draw a vertical line from the Top T1 up to this horizontal line in black
e) measure the distance between the Top T1 and the black Line : this is represented by the orange vertical line = your Measured Move in Price
f) return to the Top T1 , starting from this top draw an Horizontal Line of the same length that the length of your Measured Move in Price
g)now, from the last point of this horizontal line , draw a vertical line - here the vertical Line in blue

what do you catch : a Low labeled L2 !

Notice the following points :

Jenkins shows you with the TCB method after having converted in Time Units your Measured Move in Price , you should reach a Pivot Point on the Time Axis - a Low or a Top

Parisboy which is totally stubborn regarding Envelopes observes that at this exact same moment Price Action has reached the Lower Limit of the Envelope 32 (in blue) crossed the Lower Limit of the Envelope 256 (in brown) and that Heikin Ashi Candles turn from bearish red to.bullish green.

Hence Parisboy considers a Long with a Stop Loss located slightly under the Last Low labeled L2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TCB 2 ENVELOPE 32.jpg Size: 60 KB
  • #200
  • Feb 23, 2020 12:10pm Feb 23, 2020 12:10pm
Translation of the Chart for the Dummies and the Newbies :

a) notice the Low L1 in red
b) notice the Top T1 in Green
c) Draw an Horizontal Line (angle 0°) in black from the Low L1
d) Draw a vertical line from the Top T1 up to this horizontal line in black
e) measure the distance between the Top T1 and the black Line : this is represented by the orange vertical line = your Measured Move in Price
f) return to the Low L1 , starting from this Low draw an Horizontal Line of the same length that the length of your Measured Move in Price
g)now, from the last point of this horizontal line , draw a vertical line - here the vertical Line in blue

what do you catch : a Low labeled L2 !

Notice the following points :

Jenkins shows you with the TCB method after having converted in Time Units your Measured Move in Price , you should reach a Pivot Point on the Time Axis - a Low or a Top

Parisboy which is totally stubborn regarding Envelopes observes that at this exact same moment Price Action has reached the Lower Limit of the Envelope 32 (in blue) and that Heikin Ashi Candles turn from bearish red to.bullish green.

Hence Parisboy considers a Long with a Stop Loss located slightly under the Last Low labeled L2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD TCB 3 ENVELOPE 32.jpg Size: 61 KB
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