Michael S. Jenkins teachings | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Michael S. Jenkins teachings
Exit Attachments

Michael S. Jenkins teachings

  • #341
  • Feb 25, 2020 11:19am Feb 25, 2020 11:19am
Quoting Forest-Sea
{quote} Morning Ingvar -- When you originally set up your cycles do you draw a 45 degree line across the 8 octaves? Then you would go to set the fix. Possibly one could just visually create a (time) square and draw it in . . . pretty close. And, you would suggest to look at tops and bottoms to slightly reset the time boxes anyway. This is where I need a bit of help. Thanks, FS
I would look at that for certain...but you can see what I use the most for entries, and it is the 15 minute...I can help you with setting your octaves...will post some things..
  • #342
  • Feb 25, 2020 11:30am Feb 25, 2020 11:30am
Quoting Swede
{quote} I would look at that for certain...but you can see what I use the most for entries, and it is the 15 minute...I can help you with setting your octaves...will post some things..
here is the current 1 hour chart for Euro.....simply adjust your fib (octave tool) from low to high for support, resistance...and see how accurate it shows on the chart.

when you see the horizontals make sense, then use your cycle tool to make precise squares...move it around to make sure it makes sense by clearly showing reversals...cant get all of them but most of them will clarify if you have the setting correct...
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-02-25_1024.png Size: 63 KB
  • #343
  • Feb 25, 2020 11:50am Feb 25, 2020 11:50am
One more post before wrapping this morning trading...Jenkins stressed the need for any trader to have the complete picture of the market they are trading...having the daily, 4hr or 1 hour...then the 15 and lower time frames so he always stays with the overall trend. When you look at the daily it is clear we are still in a downtrend....the hourly is showing some conflict north...the 15 min has made a clear move north...so becuase of the overall trend is still in place, caution is needed on holding longs without perhaps a trailing stop, because it could revert to the overall trend at any time...so just a word of caution..
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-02-25_1042.png Size: 69 KB
  • #344
  • Feb 25, 2020 12:00pm Feb 25, 2020 12:00pm
Quoting Leacher
{quote} interpretation plz? above Horizontal center of Gravity look for long setups?
Leacher, from your question I infer you are looking for tricks, tips . It does not work like that.

The interpretation of Swede is true : the Horizontal Center of Gravity line can play a role of Resistance (a solid one) or Price can go higher.

If Price Action reaches This Horizontal Center of Gravity Line, this will constitute a RETURN TO THE MEAN;

If Price goes significantly Higher than the Center of Gravity Horizontal Line, then the center of Gravity Line will act as a Support

Notice that this center of Gravity Line is in the Center of the Sinewave.

Do you understand why Gann and others have emphasized about a usual 50 % RETRACEMENT, CORRECTION (Downtrend) or Rally (Uptrend)?

Do you see the relationship with the HALVING or DOUBLING of the PRICE RANGE ?
Attached Image (click to enlarge)
Click to Enlarge Name: SWEDE CHART CENTER OF GRAVITY.jpg Size: 186 KB
  • #345
  • Feb 25, 2020 12:06pm Feb 25, 2020 12:06pm
Jenkins's Chart

What is a Mid-Point ?

Note that on this Jenkins's Chart , all Mid-Points are not of the same degree, order, nature.

Attached Image (click to enlarge)
Click to Enlarge Name: MSJ BASIC TOOLS 25 THE POWER OF MIDPOINTS.jpg Size: 56 KB
  • #346
  • Feb 25, 2020 1:35pm Feb 25, 2020 1:35pm
Quoting emonts
Sorry guys, Posted indi did not refresh at new bar. I wanted to save cpu capacity, but saved to much. Below updated version. BR {file}
Thank you very much
  • #347
  • Edited 3:45pm Feb 25, 2020 2:07pm | Edited 3:45pm
Quoting Swede
{quote} here is the current 1 hour chart for Euro.....simply adjust your fib (octave tool) from low to high for support, resistance...and see how accurate it shows on the chart. when you see the horizontals make sense, then use your cycle tool to make precise squares...move it around to make sure it makes sense by clearly showing reversals...cant get all of them but most of them will clarify if you have the setting correct... {image}
I believe I am normally setting the octaves correctly, at least for the hour chart. Do you use the same Impulse line for the M15 or something smaller (I assume).

BUT, choosing Impulse lines at lower than H1 does seem trickier and less reliable. How far back can/should we go . . . there is always a longer line back there eventually.
  • #348
  • Feb 25, 2020 2:52pm Feb 25, 2020 2:52pm
Hi, when you are drawing angles on your MT4 charts, are you fixing the scale of your chart? There is actually a "Scale Fix One To One" option that does seem to give a true price/time relationship. However, the screen can become quite large and difficult to use.

I understand the suggestion to use a protractor laid on the screen to get an idea of the required angles. However, does it not matter that these angles are overlaid on a price/time structure that isn't "One To One"? This aspect is confusing me.

For example, I used the Jenkins secret angle script earlier and it drew the appropriate diagonals and the square box. However, when I adjusted the price scale to make the screen a little smaller, everything was then "out of wack".

If anyone can explain this situation, I'd greatly appreciate it!
  • #349
  • Edited 7:15pm Feb 25, 2020 3:30pm | Edited 7:15pm
So just wanted to post the square as of today for Euro.....the octaves were drawn from the low of 2/20 and the high was today...so lets see how it progresses...will it head north...will it begin to revert to the mean, will it fall off the earth....lets watch to see how it goes...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-02-25_1425.png Size: 35 KB
Click to Enlarge Name: nice_flag_pattern.png Size: 18 KB
Click to Enlarge Name: 2020-02-25_1814.png Size: 31 KB
  • #350
  • Feb 25, 2020 3:54pm Feb 25, 2020 3:54pm
Quoting emonts
Sorry guys, Posted indi did not refresh at new bar. I wanted to save cpu capacity, but saved to much. Below updated version. BR {file}
not sure what happened; first version was fine, version2 does not work here when updating ticks.
  • #351
  • Feb 25, 2020 3:58pm Feb 25, 2020 3:58pm
Quoting Montrose
{quote} not sure what happened; first version was fine, version2 does not work here when updating ticks.
Hi,

The indi updates at every new bar.
If version 1.01 is ok for you then use this version.

BR
It is not important how often you fall down, but how often you get up again
  • #352
  • Feb 25, 2020 4:12pm Feb 25, 2020 4:12pm
Quoting Swede
I was under the impression it was a must to have professional charts like Optuma, Ensign or others to use his methods. Well, that would be nice to have things a little more automated, or easier to draw. But what I found was having to do the preparation before beginning the days activity really drove home the point of the relevance of the levels I was drawing...then going back in history to see how past levels reacted by drawing on old charts became a fascination....it works way better than I expected. It takes the anxiety out of the equation, it...
This is incredible! I cann't believe my eyes. Once I found the "right" scale, I see it happens almost everywhere in my chart, and it's very precise

I'm a newbie to this trading method. I just started reading the recommended books since last week. Cann't wait to learn more from this amazing thread.

Thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
Click to Enlarge Name: Screenshot2.png Size: 66 KB
  • #353
  • Feb 25, 2020 4:30pm Feb 25, 2020 4:30pm
Quoting Swede
So just wanted to post the square as of today for Euro.....the octaves were drawn from the low of 2/20 and the high was today...so lets see how it progresses...will it head north...will it begin to revert to the mean, will it fall off the earth....lets watch to see how it goes... {image} {image}
This is quite helpful. For some reason I thought the cycles needed to start where the octaves did. Clearly, and helpfully, not so in your two charts. Helps a lot for me to get my time sequence in a much better fit.
  • #354
  • Feb 25, 2020 4:31pm Feb 25, 2020 4:31pm
Quoting emonts
{quote} Hi, The indi updates at every new bar. If version 1.01 is ok for you then use this version. BR
thanks! version 1.01 is great but indeed does not update, version 1.02 does not plot at all (?)
  • #355
  • Feb 25, 2020 6:13pm Feb 25, 2020 6:13pm
Quoting Swede
I was under the impression it was a must to have professional charts like Optuma, Ensign or others to use his methods. Well, that would be nice to have things a little more automated, or easier to draw. But what I found was having to do the preparation before beginning the days activity really drove home the point of the relevance of the levels I was drawing...then going back in history to see how past levels reacted by drawing on old charts became a fascination....it works way better than I expected. It takes the anxiety out of the equation, it...
Would you be so kind as to explain this operation in more detail?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 67 KB
  • #356
  • Feb 25, 2020 7:05pm Feb 25, 2020 7:05pm
Quoting cocoracas
{quote} Would you be so kind as to explain this operation in more detail? Thanks {image}
Read the section in Jenkins Basic trading book about Time Conversion Bars....it means normally the distance in time for the price to reverse...that time represented as distance can be measured....see # 2 in the illustration. So if you wanted to measure that and make a vertical tool to show that distance from the bottom of the turn how do you do it accuratly? You use your circle tool...overlay on the #2 distance and then use a trendline to make up a vertical tool...that can be moved beside the retrace.......It is a critical piece of the Jenkins pie....practice it and you will see how the two distances relate...

Do the reading...They are Called Time Conversion Bars...
  • #357
  • Feb 25, 2020 7:09pm Feb 25, 2020 7:09pm
Quoting Xxyy
{quote} This is incredible! I cann't believe my eyes. Once I found the "right" scale, I see it happens almost everywhere in my chart, and it's very precise I'm a newbie to this trading method. I just started reading the recommended books since last week. Cann't wait to learn more from this amazing thread. Thank you {image} {image}
You my friend have just discovered a method that is totally overlooked in the trading community....real nice work....be excited, you earned it by doing the work!!!! Funny, a simple circle tool (you can use your ruler also) to make time and price relate to one another is simply incredible.....we going to be doing a lot of that the next while...
  • #358
  • Edited 9:28pm Feb 25, 2020 8:29pm | Edited 9:28pm
Quoting cocoracas
{quote} Would you be so kind as to explain this operation in more detail? Thanks {image}
here us another example of the use of the tool......the vertical blue tool was made from the blue horizontal distance at the top...the circle tool was needed to do the exact measurment. All the verticle blue tools are the same size...notice how price was predicted each move?

last chart is trade tonight using the time conversion bars
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDiH1 circle tool.png Size: 65 KB
Click to Enlarge Name: price mirror.png Size: 58 KB
Click to Enlarge Name: AUDUSDiM15 using time conversion bars.png Size: 63 KB
  • #359
  • Feb 25, 2020 9:56pm Feb 25, 2020 9:56pm
Look, I going to come out and say it here in public....

Putting a protractor and ruler on my computer screen feels as goofy as the goofiest goofball thing to do but....

It actually makes a whole lot of sense and more importantly those lines are absolutely tradeable from the right hand side of the chart.

Lots to learn and I don't want to fall down the rabbit/worm holes these could lead, but if I keep things to the core basics this should be very very interesting.

Cheers

Anthony
Empty your mind and let the market guide you
  • #360
  • Feb 25, 2020 10:42pm Feb 25, 2020 10:42pm
Quoting SunnyCoast
Look, I going to come out and say it here in public.... Putting a protractor and ruler on my computer screen feels as goofy as the goofiest goofball thing to do but.... It actually makes a whole lot of sense and more importantly those lines are absolutely tradeable from the right hand side of the chart. Lots to learn and I don't want to fall down the rabbit/worm holes these could lead, but if I keep things to the core basics this should be very...
Anthony....I fought the same thoughts...a ruler? a protractor? really????? On my computer screen???? you gotta be kidding!!!

Now I wouldn't be caught without one...haaaaa
4 traders viewing now