Michael S. Jenkins teachings

Quoting Swede

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Pound/ dollar looking a bit vulnerable now... {image}

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Quoting Leacher

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{quote} GBP looks bullish to me. Above 4th Octave consolidating. wont trade it.

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Quoting Swede

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{quote} The thing is we are not just dealing with technical issues...the whole world is in turmoil regarding these health issues...and the Euro, because of carry trades has rose from the ashes...so really, no one has a crystal ball but we do have certain levels that make sense where reversals COULD occur.

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Quoting juhanimi

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{quote} Absolutely, and it is very interesting to follow what will happen. Is this Daily chart correct? Yours look like same or? {image}

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Quoting Swede

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{quote} Post your chart for comparison...if convenient..this IS NOT a call to trade...it is about following analysis...we saw how strong the Resistance line based on the square root method...so upward movement is limited at the moment...could retrace to the JSA 50 imho....

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Quoting Swede

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Pound/ dollar looking a bit vulnerable now... {image}

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Quoting Leacher

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USDCAD looks good for SHORT

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Quoting Leacher

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USDCAD looks good for SHORT

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Quoting Geester

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{quote} Tidied up my chart as you suggested. Hope this looks better to you - trade seems to be working out! {image}

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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 Swede

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{quote} NO it needs improvement...drop the volume,,,means nothing when the market is 4-6 trillion per day....using that space makes your chart such a rectangle.....squeeze it up one notch also....compare with post 768

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Quoting Leacher

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{quote} GBP {image}

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Quoting Leacher

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{quote} Need help with Square Roots tried to come up with levels on GBP to match yours but there is a difference could be kindly mention Step-by-step squareroot procedure for last two levels as of Support/Resistance as mentioned in your GBP chart? (what I did was took the swing low then square root of it, again square root of it and added to low to find resistance...but its different from yours)

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Quoting juhanimi

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{quote} This next chart suggests that you may to keep a log of volume per hour and note the recent historic extremes. Good trades develop on the extreme volume bars plus or minus one bar. Michael S Jenkins - Basic Day Trading Techniques 2007 p.66 Anyways thanks.

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Quoting Swede

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{quote} AGREE if your trading a centralized market like the New York Stock Market or Futures CME where volume means something...trying to do that with Forex is a disaster waiting to happen..

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Quoting juhanimi

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{quote} Forex world champion uses volume and DeMark. http://www.volumespreadanalysis.com/...%20Article.pdf Studies shows over 90% correlation. MT4 volume shows activity, good to know where it happens and when it happens? Let`s forget about volume now and move on. I just wanted to know if yours half angle was same than I have, if the Fibo box is about right place.

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