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Michael S. Jenkins teachings

  • #281
  • Feb 24, 2020 4:01pm Feb 24, 2020 4:01pm
Quoting Swede
{quote} ONce you have a 1 x1 or 45 degree angle your happy with...then check of "scale fix" on your common properties tab...experiment a bit and I think you will come up with a satisfactory solution

THANK YOU!
  • #282
  • Edited 4:40pm Feb 24, 2020 4:29pm | Edited 4:40pm
Now is anyone out there has a color envelope channel indicator, please let me know...I have searched but cannot find....it would be real nice to color the 32 envelope to stand out a little better....
  • #283
  • Feb 24, 2020 4:59pm Feb 24, 2020 4:59pm
Quoting OAPDave
{quote} Swede I would think Sohocool would be your man ? Dave
Thanks Dave......

Parisboy,,,,,could you ask Sohocool to program a color 32 envelope for us using mt4...I know you have worked with him in the past..?

It would make the charts so much more clear.....
  • #284
  • Feb 24, 2020 5:07pm Feb 24, 2020 5:07pm
Quoting Swede
{quote} Thanks Dave...... Parisboy,,,,,could you ask Sohocool to program a color 32 envelope for us using mt4...I know you have worked with him in the past..? It would make the charts so much more clear.....
Swede, I will ask him to get in touch with you so that you can precisely define together what you need.

Sohocool has a site here :

https://sohocool-trading.blogspot.com/
  • #285
  • Feb 24, 2020 5:10pm Feb 24, 2020 5:10pm
Quoting Swede
Now is anyone out there has a color envelope channel indicator, please let me know...I have searched but cannot find....it would be real nice to color the 32 envelope to stand out a little better....
Hi,

In the past i made this one.
Needs some update.

BR

Attached Image (click to enlarge)
Click to Enlarge Name: envelope_pb.png Size: 376 KB
It is not important how often you fall down, but how often you get up again
  • #286
  • Feb 24, 2020 5:31pm Feb 24, 2020 5:31pm
Quoting parisboy
{image}
That inversion point took place after 12 continious days of the same south move.

Quoting parisboy
{quote} This one {image}
This 4hr chart shows the move clearly.

That inversion point was pinpointed by the blue rectangle posted here.
Quoting BWilliam
EU - the blue rectangle is the projected time zone that the key targets is expected to take place. {image}
This is my expectation of precision for this method.
Know what you trade
  • #287
  • Feb 24, 2020 5:35pm Feb 24, 2020 5:35pm
Thanks for starting this thread. This is exactly what i have been after! downloaded files..going to work.
  • #288
  • Feb 24, 2020 5:55pm Feb 24, 2020 5:55pm
Quoting emonts
{quote} Hi, In the past i made this one. Needs some update. BR {image}
emonts...that would be great if you could share it....we just want to color fill the 32 envelope....I have found a Kijun/Tenkan colorfill that could be adapted but i am not a coder so kind of useless for me to try...
  • #289
  • Edited 6:29pm Feb 24, 2020 5:55pm | Edited 6:29pm
For those who use envelope the math of envelope,

1. Midline - the moving average of your choice with period option.
2. Top band - midline + standard deviation x %(your input)
3. Bottom band - midline - standard deviation x %(your input)

There is also the option of ohlc input for base data.
And the shift input function.

The purpose of the band is to try encompass as much of the data points inside the band. This band shows volatility of the price movement using stddev

The one main weakness of this envelope is the % input. This % differs from one pair to another due to the pricing of the pair and volatility within different timeframes.

This means that one setting can only be used on that one particular pair and timeframe.

You have to create a lot of templates for different timeframes and pairs mostly tweaked to fit current market conditions. (Main reason why I don't use this band.)

You will also notice that most of the data points will be outside the band if volatility exceeds the % you preset. Inversely, when volatility shrinks the datapoints cluster around midline. The math of this band do not allow for automatic adjustment to the volatility of the current market, the main weakness.

There are many types of bands each with their own different math applied. Study the math then make a choice that best fit your purpose.
Know what you trade
  • #290
  • Feb 24, 2020 5:58pm Feb 24, 2020 5:58pm
Quoting Forensic
Thanks for starting this thread. This is exactly what i have been after! downloaded files..going to work.
Welcome Forensic....you will find some very interesting ways of seeing the market here...this is kind of thinking out of the box.....read some of Jenkins .when you do starting in post 44 there are good instructions on setting up your octave grill and squaring the range. Also, the envelope method has a trader with a Masters Degree in trading the envelope...parisboy
  • #291
  • Feb 24, 2020 6:35pm Feb 24, 2020 6:35pm
Quoting Swede
For those of you with mt4, you will find it very nonuser friendly when it comes to setting up envelopes.....if you want the try them after seeing the many posts Parisboy makes you will soon give up trying to go from one time frame to another. So I have set about to solve that problem by programing the 1 min, the 5 min, the 15, 60 and 240 so all you need to do is open the template for each one and voolaaa.!!!..there they are. Im not proficient trading with them yet, but I have seen too many charts of his to discount them....in fact I paid the condo...
Thanks a lot for your contribution and help swede,PB,PM you are much appreciated!
  • #292
  • Feb 24, 2020 11:16pm Feb 24, 2020 11:16pm
I proceeded to load the channel templates and indicator on my older laptop and it didn't load well at all...its and older version running windows 7....so if you find like me that I had to load the PBChannel V1 onto each template and reset the settings...then it worked fine....

If you experience what I did here are the "input" settings for the indi

1 min 125
5 min 250
15 min 625
1 hour 1200
4 hour 1450
  • #293
  • Feb 24, 2020 11:41pm Feb 24, 2020 11:41pm
A question for Swede or anyone who knows. When Jenkins equates a $50 stock price with a time sequence of 50 periods how would that be translated to the forex market prices? For instance, how would you list the price of E/U which at present is 1.08545?
  • #294
  • Feb 24, 2020 11:49pm Feb 24, 2020 11:49pm
Quoting Swede
I proceeded to load the channel templates and indicator on my older laptop and it didn't load well at all...its and older version running windows 7....so if you find like me that I had to load the PBChannel V1 onto each template and reset the settings...then it worked fine.... If you experience what I did here are the "input" settings for the indi 1 min 125 5 min 250 15 min 625 1 hour 1200 4 hour 1450
Just a question about these bands.. They look like TMA bands which are notorious for repainting (giving a false history.) The only bar you can trust is the current bar. These bands also have a shift of about 10. I'd like to know how you could trade with these successfully?
IMHO I think TMATrue (LWMA bands) would give better results.
  • #295
  • Feb 25, 2020 1:50am Feb 25, 2020 1:50am
It should be an interesting day trading over the next couple of sessions attached are my SAM's and offset angles for the ES and crude. If the 45-degree angle is breached it should be free fall on both charts and if it remains above the 180 degrees i.e the top of the box then the midpoint should be the next target , the 60 or 30 degrees might also come into play
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Crude_oil-SAMandoffset65min.png Size: 62 KB
Click to Enlarge Name: ES_65min_SAMand Offset.png Size: 72 KB
  • #296
  • Feb 25, 2020 1:55am Feb 25, 2020 1:55am
Something I have been experimenting with and noticed was that if you draw an impulse trendline and form you box if the diagonal is not 45 degrees your box is invalid. To get the right angles I first determined the angle of the first impulse wave which is normally between the range of 79 - 85 degrees, subtract the value from 90 to get the value of the angle of the base, once you now complete your box the diagonal must be very close to 45 degrees if valid.
  • #297
  • Feb 25, 2020 3:08am Feb 25, 2020 3:08am
Hi guys DiamondMiner has created this thread so that we focus on Jenkins methods.

Hence I think all discussions on the Envelopes methodology and its use for trading should be transfered on my thread. But before asking questions read the thread , most of your questions are already anwered there in details.

https://www.forexfactory.com/showthread.php?t=709088

As for the "technical questions" related to Swede's Envelopes I think it is better to discuss them on DiamondMiner other thread.

https://www.forexfactory.com/showthr...4#post12772354

IMHO we should only discuss here the use of Envelopes when used in conjunction with Jenkins's tools or methods.
  • #298
  • Feb 25, 2020 3:30am Feb 25, 2020 3:30am
Quoting Swede
{quote} emonts...that would be great if you could share it....we just want to color fill the 32 envelope....I have found a Kijun/Tenkan colorfill that could be adapted but i am not a coder so kind of useless for me to try...
Hi,

In the appendix the envelope indi according Parisboy definition for MT4.

BR

Attached File(s)
File Type: mq4 PB_Cycles_V1.01.mq4   19 KB | 571 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: envelope_pb.png Size: 95 KB
It is not important how often you fall down, but how often you get up again
  • #299
  • Feb 25, 2020 4:47am Feb 25, 2020 4:47am
morning guys

been learning step by step and reading slowly as much as I can gather...

just came across the Angles where it says above 45 -its all bullish and below its bearish.....need to know if this is same as Fib Fan with same Angles inserted? would this be enough or would I still need to use the manual Protractor on screen or print?

thx
leacher
Time & Price Forecast - Jenkins
  • #300
  • Feb 25, 2020 5:25am Feb 25, 2020 5:25am
Quoting Leacher
morning guys been learning step by step and reading slowly as much as I can gather... just came across the Angles where it says above 45 -its all bullish and below its bearish.....need to know if this is same as Fib Fan with same Angles inserted? would this be enough or would I still need to use the manual Protractor on screen or print? thx leacher
It is more complicated than that.

Trend can be UP and Price Action can be UNDER the (1x1) Angle
Attached Image (click to enlarge)
Click to Enlarge Name: EXXON ANGLES 1970-2026.jpg Size: 177 KB
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