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Michael S. Jenkins teachings

  • #681
  • Mar 3, 2020 9:24am Mar 3, 2020 9:24am
Scale fix looks like it does not work.

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  • #682
  • Mar 3, 2020 9:26am Mar 3, 2020 9:26am
Gbpnzd +100 pips; these lines from high and low seems to work pretty well.
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  • #683
  • Mar 3, 2020 9:34am Mar 3, 2020 9:34am
Quoting juhanimi
Scale fix looks like it does not work. {image}
I forgot to mention; after you fix it, you can't zoom in or zoom out chart.
  • #684
  • Mar 3, 2020 9:38am Mar 3, 2020 9:38am
Quoting Faraon
{quote} I forgot to mention; after you fix it, you can't zoom in or zoom out chart.
Yes, I saw that, and now when price went out of scale, angle changed, so it does not work, it works when price is in range, and so works everything else too.
MT4 is not good for Jenkins/Gann.
  • #685
  • Mar 3, 2020 9:50am Mar 3, 2020 9:50am
Quoting juhanimi
{quote} Yes, I saw that, and now when price went out of scale, angle changed, so it does not work, it works when price is in range, and so works everything else too. MT4 is not good for Jenkins/Gann.
Yes, price need to be in the scale. However you can lock some more space to the up and down side of the chart and control it as situation develops. Mt4 was not made with intention to make money for us, it's just the tool for brokers .
  • #686
  • Mar 3, 2020 10:32am Mar 3, 2020 10:32am
If you guys want an angle tool that stays with the chart..no matter if 1hr or 15 min or 5 min take your fib fan...clear all the angles out and just use the 0.00 setting...then place your protractor over the screen and set the angle you want...watch how the angle stays precicely where you placed it on the 1 hour...you can also squeeze the chart, you can let the automatic scale occur and it still stays in the same place...and that works as well as any pricey chart set up.... ps...banked 3 lots @ 40 pips each on the failure at the grid high.....octave grids are terrific...
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  • #687
  • Mar 3, 2020 10:38am Mar 3, 2020 10:38am
Quoting Swede
If you guys want an angle tool that stays with the chart..no matter if 1hr or 15 min or 5 min take your fib fan...clear all the angles out and just use the 0.00 setting...then place your protractor over the screen and set the angle you want...watch how the angle stays precicely where you placed it on the 1 hour...you can also squeeze the chart, your can let the automatic scale occurs and it still stays in the same place...and that works as well as any pricey chart set up.... ps...banked 3 lots @ 40 pips each on the failure at the grid high.....octave...

Yes, but make 90 angle of 2 fibo and watch if that angle stays, I am pretty sure it will change.
  • #688
  • Mar 3, 2020 10:44am Mar 3, 2020 10:44am
Now this is important......setting up your grid properly (I went back to the 8 level fib retrace tool works best) I drew a line 1 x 1 through the box all the way to the top...and note how that last pop up on euro was right to the perfect place to enter counter trend if it began to fail....
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  • #689
  • Mar 3, 2020 10:46am Mar 3, 2020 10:46am
Quoting juhanimi
{quote} Yes, but make 90 angle of 2 fibo and watch if that angle stays, I am pretty sure it will change.
nope ...place it on your chart...squeeze, scale, move to another time frame...it stays....if you go to the Time and Price thread I posted that feature many times...proven to work
  • #690
  • Mar 3, 2020 10:49am Mar 3, 2020 10:49am
Everyone should go back and re read starting in post 44....how to set up the octave levels and using the cycle tool to make perfect squares....that is the starting point of all analyses since we use mt4....its a bit picky but works very very well if you set up properly....no worse than the expensive charting packages...
  • #691
  • Mar 3, 2020 10:52am Mar 3, 2020 10:52am
Quoting Swede
If you guys want an angle tool that stays with the chart..no matter if 1hr or 15 min or 5 min take your fib fan...clear all the angles out and just use the 0.00 setting...then place your protractor over the screen and set the angle you want...watch how the angle stays precicely where you placed it on the 1 hour...you can also squeeze the chart, you can let the automatic scale occur and it still stays in the same place...and that works as well as any pricey chart set up.... ps...banked 3 lots @ 40 pips each on the failure at the grid high.....octave...

Just to compare what Swing hi/low have you taken as impulse for Octave levels? Mine is different. my 7th level comes at around 1.1180.
Time & Price Forecast - Jenkins
  • #692
  • Mar 3, 2020 10:57am Mar 3, 2020 10:57am
Quoting Leacher
{quote} Just to compare what Swing hi/low have you taken as impulse for Octave levels? Mine is different. my 7th level comes at around 1.1180.
Mine are drawn from Feb 20 low to current high...now thats on the 1 hour chart.....that was a huge move the past 3 weeks so if your using your 15 min chart you might want to tighten that up a bit... ps im short again as it retraced to the breakout point...going for level 6 take profit inho
  • #693
  • Mar 3, 2020 11:08am Mar 3, 2020 11:08am
Quoting Swede
{quote} Mine are drawn from Feb 20 low to current high...now thats on the 1 hour chart.....that was a huge move the past 3 weeks so if your using your 15 min chart you might want to tighten that up a bit...
Thx. got it. I have the same Octave levels just the swing high was from last 2 days.
Time & Price Forecast - Jenkins
  • #694
  • Mar 3, 2020 11:11am Mar 3, 2020 11:11am
Quoting Swede
{quote} Mine are drawn from Feb 20 low to current high...now thats on the 1 hour chart.....that was a huge move the past 3 weeks so if your using your 15 min chart you might want to tighten that up a bit... ps im short again as it retraced to the breakout point...going for level 6 take profit inho

Short too, but taking profits on the way in 10-15 pips range....don't want to risk much.

Had a stop Hit today on the Short Side mid London session.
Time & Price Forecast - Jenkins
  • #695
  • Mar 3, 2020 11:12am Mar 3, 2020 11:12am
Brilliant thread Swede / DM / PB! Is there a way to prevent the Cycle tool from extending further than the width (and height) of the grid that is being drawn?. Thanks
  • #696
  • Mar 3, 2020 11:12am Mar 3, 2020 11:12am
Swede: I see that trade quite cautiously.

like your risk management.
Time & Price Forecast - Jenkins
  • #697
  • Mar 3, 2020 11:23am Mar 3, 2020 11:23am
Quoting Leacher
Swede: I see that trade quite cautiously. like your risk management.
certainly...that is what I like about my hidden stop...no one knows, broker cant see it...I will post the ea later....its a good one and it works..

This is the reason I concentrate on Euro...the less distractions I have, the more clarity I have when I open just a few charts...but thats just me.

moving through grid 7 now...if it breaks will probably make my target today sometime..
  • #698
  • Mar 3, 2020 11:27am Mar 3, 2020 11:27am
Quoting roverandout
Brilliant thread Swede / DM / PB! Is there a way to prevent the Cycle tool from extending further than the width (and height) of the grid that is being drawn?. Thanks
don't think so...it fills the screen and one into perpetuity lol

Now if you read Jenkins and get the whole picture...this guy goes back 10 years and studies the cycles ...the swings...he knows to the minute when a cycle will change direction.....He states that if you do the same you will be simply amazed at how accurate doing that is....my cycles are based only a few days back at best...so not as accurate...
  • #699
  • Mar 3, 2020 11:29am Mar 3, 2020 11:29am
Quoting Swede
{quote} certainly...that is what I like about my hidden stop...no one knows, broker cant see it...I will post the ea later....its a good one and it works.. This is the reason I concentrate on Euro...the less distractions I have, the more clarity I have when I open just a few charts...but thats just me. moving through grid 7 now...if it breaks will probably make my target today sometime..

thanks. took my profits. take care. see you tomorrow.
Time & Price Forecast - Jenkins
  • #700
  • Mar 3, 2020 11:30am Mar 3, 2020 11:30am
Quoting Swede
A Note how the time period..horizontal lines...how the trend continues or changes direction at the same time as the bar ends...nice hey? {image}
You are a very smart trader. It seems so obviousAFTER you show us. Evidently not since hundreds/1000s didn't catch it before on the forum.

2
Thank you . . . again
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