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Michael S. Jenkins teachings

  • #301
  • Feb 25, 2020 3:32am Feb 25, 2020 3:32am
You can see the difference between Long Term and Mid-Term
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  • #302
  • Feb 25, 2020 3:42am Feb 25, 2020 3:42am
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
Here's a little helper for that.

Attached File(s)
File Type: mq4 ScaleFix.mq4   1 KB | 664 downloads
  • #303
  • Feb 25, 2020 3:49am Feb 25, 2020 3:49am
Shorter Time Frame
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  • #304
  • Edited 4:31am Feb 25, 2020 3:52am | Edited 4:31am
Quoting parisboy
You can see the difference between Long Term and Mid-Term {image}

thank you for the explanation.

so its discretionary with Price Action Behavior at that particular point, touch, consolidation.

how about using Angles with a TOP-Down approach as mentioned by Jenkins? Havent seen much charts here with M,W, D,4H, 1H, 15M? maybe it would clutter? hows the experience with 1H and 15M charts with Angles application for more clarity?

Tried this GBP Chart as of now with a scalp Sell. Targets: 1.2950 Short Term Intraday; 1.2900 Till Tomorrow (based on Measured move)..lets see
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Time & Price Forecast - Jenkins
  • #305
  • Feb 25, 2020 3:57am Feb 25, 2020 3:57am
Quoting parisboy
Shorter Time Frame {image}
so basic PA behavior around specific S/R helps in the decision...

by the way, I must say "Squaring the Range" has amazing accuracy with creating S/R

although not much trades taken...but I have seen PA "TURNS" exactly at the S/R created on most instruments if not all.
Time & Price Forecast - Jenkins
  • #306
  • Feb 25, 2020 4:48am Feb 25, 2020 4:48am
Quoting fullaforex
{quote} 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.
You will have to talk with parisboy on the subject...I dont use them myself but he does very successfully. I posted the setup for mt4 because there is interest and they are related to time and price.reversion to the meand and so on, .but again I use the Jenkins methods pretty much exclusively and that is what this thread should really focus on.....I do like the short term chart like the 1 minute for entries though..
  • #307
  • Feb 25, 2020 5:13am Feb 25, 2020 5:13am
hi Swede:

plz continue to post your charts/ step by step education on Jenkins, when you have time.

I have personally learnt a lot with your simplicity of the subject.

you have shown the most complicated in very "obvious" manner.

thank you
regards
leacher
Time & Price Forecast - Jenkins
  • #308
  • Feb 25, 2020 5:17am Feb 25, 2020 5:17am
Sorry guys,

Posted indi did not refresh at new bar.
I wanted to save cpu capacity, but saved to much.
Below updated version.


BR

Attached File(s)
File Type: mq4 PB_Cycles_V1.02.mq4   19 KB | 568 downloads
It is not important how often you fall down, but how often you get up again
  • #309
  • Feb 25, 2020 5:18am Feb 25, 2020 5:18am
We all know there are so many ways to skin the cat...but I would like to stress a couple of points.........Do yourself a favor and concentrate on post 44 and subsequest posts to do just a few things to get your teeth into Jenkins.

1......Get your octaves set correctly...the horizontal lines...they represent support and resistance.

2.....Next get your cycles set up correctly to show the time factor because this is the time where the price may shift...its a warning to the trader

3.....If you want to learn about angles...start by just getting your 90 degree down...it is the key to all the rest of the movement.


Become masters of these three things...and you will see the market with a new eye......only then experiment with more angles, fibs etc...

Look at the simplicity of this euro chart....15 min...a clear roadmap for the trader...
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  • #310
  • Feb 25, 2020 5:30am Feb 25, 2020 5:30am
I'm seeing lots of charts that are good, but not trade=able....they are complicated, lines all over the place with little relation to pulling the trigger on a trade....there are too many factors to consider...simplify.....Jenkins is really a simple way of trading once you understand his calculations, and its good to try lots of different ways to calculate support, resistance, turning points and so on.....but my advise is to chunk it down to just the basics....it will make a better trader out of you now..not in some future time period.
8
The one thing that is not being talked about is the fundamentals of the instrument you are trading......Do you know what news is about to be released that could affect the euro trade shown above...what is going to happen at 8:00 eastern?? You can have the best set up in the world only to have it turn into a loss because you were not aware of upcomming news...

Key is, get a simple set up, know your currency and its nuances , and know what is around the corner...
  • #311
  • Feb 25, 2020 5:47am Feb 25, 2020 5:47am
Look at the simplicity of this 4 hour euro chart....the offset 90 degree angle was a give away yesterday...I shorted this thing all over the place after the first big 4 hour candles stopped...where...at the 90.....read Jenkins on the 90 0ffset and how seldom is it penetrated in these calculations...
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  • #312
  • Feb 25, 2020 5:56am Feb 25, 2020 5:56am
Quoting Swede
We all know there are so many ways to skin the cat...but I would like to stress a couple of points.........Do yourself a favor and concentrate on post 44 and subsequest posts to do just a few things to get your teeth into Jenkins. 1......Get your octaves set correctly...the horizontal lines...they represent support and resistance. 2.....Next get your cycles set up correctly to show the time factor because this is the time where the price may shift...its a warning to the trader 3.....If you want to learn about angles...start by just getting your...
many thx for the revision. your lessons first 2 points im practicing daily...and posting raw charts...next time I will be simple in chart setups.

making 90 angle on Mt4 is still an issue for me. how do you do it? protractor on screen?

regards
Time & Price Forecast - Jenkins
  • #313
  • Feb 25, 2020 6:03am Feb 25, 2020 6:03am
Then ask yourself...how did I know to start shorting euro...that 4 hour candle was a strong looking momentum candle right? Normally I probably would have started to think long...wait for a retrace and go long......But Jenkins ....the very first page of his introductions says this....."always wait for a signal...short the low of the high bar, go long the high of the low bar...you see that's the confirmation and it works so well Im embarassed that I didn't trade this way in the past...more a gamble than the confirmation....now look at the chart again...the 15 min...do can you see what I mean...
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  • #314
  • Feb 25, 2020 6:05am Feb 25, 2020 6:05am
Quoting Leacher
{quote} many thx for the revision. your lessons first 2 points im practicing daily...and posting raw charts...next time I will be simple in chart setups. making 90 angle on Mt4 is still an issue for me. how do you do it? protractor on screen? regards
Yes...protractor on screen...cost about 2 bucks and its worth thousands ...too me anyway
  • #315
  • Feb 25, 2020 6:07am Feb 25, 2020 6:07am
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  • #316
  • Feb 25, 2020 6:09am Feb 25, 2020 6:09am
Quoting Swede
Then ask yourself...how did I know to start shorting euro...that 4 hour candle was a strong looking momentum candle right? Normally I probably would have started to think long...wait for a retrace and go long......But Jenkins ....the very first page of his introductions says this....."always wait for a signal...short the low of the high bar, go long the high of the low bar...you see that's the confirmation and it works so well Im embarassed that I didn't trade this way in the past...more a gamble than the confirmation....now look at the chart again...the...
confirmation setups look so simple and clean.
Time & Price Forecast - Jenkins
  • #317
  • Feb 25, 2020 6:09am Feb 25, 2020 6:09am
And..in the last 10 minutes what do we see .....looks like more south to me....but again...RED news upcoming at 8 for USD pairs so need to use caution...
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  • #318
  • Feb 25, 2020 6:10am Feb 25, 2020 6:10am
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  • #319
  • Feb 25, 2020 6:18am Feb 25, 2020 6:18am
So, to finish this subject for a bit.......PRICE ACTION....has to be part of the trading set up....FUNDAMENTALS.....forms a portion of your set up and only then ANGLES, RATIOS, FIBS, OCTAVES, ETC. will truly be a trading package that you can take to the bank.

This is why personally I don't like moving averages and envelopes with all their color and movement and so on...it confuses me to enter when I should not be entering...it looks good on the chart that we are in outer ranges and so on...but often there is so much more to the story that takes time to understand like parisboy, who in my estimation is simply brilliant...his depth of knowledge is beyond my scope for certain...he knows his stuff... for me simplicity is the key...
  • #320
  • Feb 25, 2020 6:22am Feb 25, 2020 6:22am
Quoting parisboy
{image}
interpretation plz?

above Horizontal center of Gravity look for long setups?
Time & Price Forecast - Jenkins
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