Michael S. Jenkins teachings

Quoting Swede

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yesterday we compared methods for establishing support/ resistance....the Octave method dividing the last major swing high to low....or taking the low of the major swing and using the square root of the square root of that number and adding on to each level....I have to say with the big move up last night for GBP Jenkins method wins hands down.. Where did the move stop, yep, right at the second level...to the dime and reversed 37 pips......that in itself made the perfect countertrend short, staying with the overall trend.....nice!! {image} {image}...

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Quoting juhanimi

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simple stuff for simple minds {image}

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Quoting Leacher

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{quote} nice one Swede do you calculate Square roots manually and put in Fib tool or there is a method to automatically have it done? thx

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Quoting Geester

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When you have a situation like this with JSA, the fact that price is well above the secret angle would presumably suggest that this is not short candidate (too bullish)? {image}

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Quoting Swede

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From Kathy Lien {image}

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Quoting Swede

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{quote} You have a lot of stuff in the background that can confuse ....that’s ok but your Jenkins chart should be only that... As talked about previously, you might have another opinion if you look at your daily chart to give you the big picture....at resistance on the 1 hour is also the down trend line on the daily...so it may continue its down trend......(always use stops, the markets are volatile) {image}

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Quoting Swede

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Very Interesting Euro Daily chart....notice the reaction at the 90 offset....more upward?? or Reverse?? worth watching as it still seems to have upward momentum.....looking at the Kathy Lien post we should be nearing a high... {image}

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Quoting Swede

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Very Interesting Euro Daily chart....notice the reaction at the 90 offset....more upward?? or Reverse?? worth watching as it still seems to have upward momentum.....looking at the Kathy Lien post we should be nearing a high... {image}

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Quoting Leacher

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{quote} Nice one. I have the same on my D1 but 90 Offset comes around 1.1300 area. I think I will now print D1 Charts of majors and draw manually.

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Quoting juhanimi

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{quote} Thanks. Maybe we could call this last up move as a impulse wave.

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Quoting Leacher

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{quote} Nice one. I have the same on my D1 but 90 Offset comes around 1.1300 area. I think I will now print D1 Charts of majors and draw manually.

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Quoting Swede

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{quote} Do you have a protractor? Seems a bit basic but it works...

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Quoting juhanimi

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{quote} It does not look like 90

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Quoting Swede

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{quote} very possible...to consider that the low of the High Bar will have to be broken...so its a matter of watching for a few days...

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Quoting Swede

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{quote} post your chart for comparison if its convenient..

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Quoting juhanimi

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{quote} Daily should make a new high, I think that is what he says in this video. https://www.forexfactory.com/showthr...5#post12783605

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