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  • #42
  • Mar 12, 2020 1:46pm Mar 12, 2020 1:46pm
And the reason I was interested in your thread was to give me another perspective on measured moves and perhaps hone my skills to perfect the method.....my chart, posted a long times ago was trying to emulate a basic Jenkins teaching....measured moves and what they mean.....but as everyone knows Futures and Stock that trade a few hours every day (in a centralized market place) are quite different from Forex so his teachings can be tweaked for certain....anyway I wish you well, hope you dont mind my having a look now and then...
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  • #43
  • Mar 12, 2020 2:18pm Mar 12, 2020 2:18pm
Quoting Swede
{quote} Sorry to hear you feel that way, it’s hard not to take that personal, Eric.....I can assure you DM is not selling anything but an optional way to look at the market, nothing else. And I’m trying my best to assess what works for mt4 and what does not...but to bash it like this is perplexing to say the least....best... Ingvar
So let's set the record straight Swede because this has nothing to do with you. I merely submitted an opinion on DMs thread that is in fact correct. Instead of answering he dismissed me (put me on his ignore list) and bashed me. That is what cowards do. They call you names then run (ignore list). It's also what fake traders do when they are called out. I've seen it too many times.

DM hasn't posted a single real-time analysis of anything nor will he. I'm not asking for documented trade but how bout an in-advance-analysis of a possibility? Try Swede in your own polite way to ask him and see what happens.

His thread belongs in the Commercial section because it is in fact a commercial for Jenkins.

I don't for a second dispute that Jenkins works. You've proved that. But as far as I can see you are the only one that has done so and documented it. DM is a fake through and through and you've bought into it by doing what he is unable to to: Explaining and educating everyone. But like a teachers assistant except in this case the teacher doesn't have a clue and the assistant is already the surprising master. That's why I've encouraged you to start your own thread and take credit for your hard work. And I know you could do it without it looking like a commercial for Jenkins. Stop being used by DM Swede and do your own thing.

And I still stand by what I've said regarding all the wheel spinning with the platform issues. It's really ridiculous. Just how I see it Swede and it's not to put you down. I think DM and perhaps you need a thicker skin when it comes to a bit of criticism.
  • #44
  • Mar 12, 2020 2:21pm Mar 12, 2020 2:21pm
Quoting Swede
And the reason I was interested in your thread was to give me another perspective on measured moves and perhaps hone my skills to perfect the method.....my chart, posted a long times ago was trying to emulate a basic Jenkins teaching....measured moves and what they mean.....but as everyone knows Futures and Stock that trade a few hours every day (in a centralized market place) are quite different from Forex so his teachings can be tweaked for certain....anyway I wish you well, hope you dont mind my having a look now and then... {image} {image}
I remember that chart Swede. In actuality my method has a lot to do with median lines but I've taken the median lines out of the equation because many get caught up in "the lines" and forget about the price action.

First it is important to follow the swings... big ones then next big ones. Get in tune with the market. Eventually the market will show itself and often it is a measured swing that shows the way to a trade. EURUSD and USDJPY are perfect examples. Also I showed a trade in AUDUSD that was spot on with this. By the way it was a live traded called before and after.
  • #45
  • Mar 12, 2020 2:33pm Mar 12, 2020 2:33pm
EURUSD60min pending SELL
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  • #46
  • Mar 12, 2020 2:38pm Mar 12, 2020 2:38pm
USDJPY60min. Looking for a pullback but just watching for now.
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  • #47
  • Mar 12, 2020 3:46pm Mar 12, 2020 3:46pm
Quoting Winston Reed
Another swing trading thread!. YES!!! Can swing trading be systematized? What is a swing? Can a swing be objectively defined? Are all swings the same? How can we use them to objectively trade? What about price action? Everyone says they use price action but what is it really and how does it fit in with swing trading? The above questions will be answered but first some ground rules. 1. This is an indicator-free-thread. If you have them on your chart that's ok but we'll not use them here in any way. Markings are allowed such as trend lines, support...
I very much like simplicity too and am also a big advocate of measured moves - actually just posted a measured move chart of the Nasdaq over in the Michael Jenkins thread. As more of a scalper myself I understand this is not what you're looking to promote in this thread so I'll sit on the sidelines and watch and wish you all the best in your trading
  • #48
  • Mar 12, 2020 4:57pm Mar 12, 2020 4:57pm
EURUSD60min pending BUY triggered
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USDJPY60min pending BUY
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  • #49
  • Mar 12, 2020 10:45pm Mar 12, 2020 10:45pm
Quoting Winston Reed
{quote} So let's set the record straight Swede because this has nothing to do with you. I merely submitted an opinion on DMs thread that is in fact correct. Instead of answering he dismissed me (put me on his ignore list) and bashed me. That is what cowards do. They call you names then run (ignore list). It's also what fake traders do when they are called out. I've seen it too many times. DM hasn't posted a single real-time analysis of anything nor will he. I'm not asking for documented trade but how bout an in-advance-analysis of a possibility?...
Swede should distance himself from DM, it's so obvious he's being used.

Swede, if you read this stop lend credence to DM's commercial thread. Start your own new thread.

Quoting Winston Reed
... and perhaps you need a thicker skin when it comes to a bit of criticism.
The better response is live market call proof, that's what I do.
Know what you trade
  • #50
  • Mar 13, 2020 6:19am Mar 13, 2020 6:19am
USDJPY60 min BUY, closed
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  • #52
  • Mar 13, 2020 8:23pm Mar 13, 2020 8:23pm
Quoting Winston Reed
USDJPY60 min BUY, closed {image}
*Next to the bars themselves swings are arguably the next most basic component of market structure
*Price action is made up of bars and then swings and they can be objectively identified using very simple tools.
*Understanding where effort is being made is really what understanding price action is. Wide range bars in the form of gaps, outside bars and tails (sometimes called pinbars). Effort is where buyers and sellers are. When effort gets reversed it often signals opportunity.
*No indicators, no re-programming your platform and oh yeah...no protractors, LOL! But if your focused on these things rather than on swings and price action then you'll never really get it. But perhaps you'll be an expert in programming and such and make money that way!

USDJPY60minute trade analysis:

*Very simply the blue diagonal lines merely measure the largest swings on this chart. The first blue swing is what I call a transition swing which is really the last impulse of that size before price began to move up on the right side of this chart. The next blue line is a corrective swing made up of 2 smaller orange corrective swings.
*Note the bearish WRB gap which represents selling effort. The effort then is reversed. Using the smaller orange swings I projected the smaller corrective swing back to where buyers reversed the selling effort. This was a logical place to place a pending buy as I did.

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  • #53
  • Mar 13, 2020 8:51pm Mar 13, 2020 8:51pm
AUDUSD60min

*Boring looking chart. I know. No fancy indicators, grids or such but I don't need anything else
*Currently I'm in "following" mode. Just marking swings and making note of price action that sticks out
*There's one large blue swing and I've projected this below. It doesn't mean that price is going to magically move up to the top of that blue line but if it did it would be valuable information.
*There are smaller orange swings. I've projected it at the bottom and in fact price has met that projection. It did so with a bull WRB outside bar.
*Notice the large bearish gap at the bottom. Sellers created this and it is an important area to keep an eye when price gets to it and tests it. It doesn't mean I should sell it nor does it mean that I can't. That's a personal decision and if one does sell it then he/she takes responsibility for it. No one else does. Given how price has come down I wouldn't blame one for selling it.

So for now just watching. Hope this is helpful.

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  • #54
  • Mar 15, 2020 6:17am Mar 15, 2020 6:17am
Quoting Winston Reed
EURUSD60min pending BUY triggered {image} USDJPY60min pending BUY {image}
Re your EURUSD, H1 chart ...

You wrote "pending BUY triggered", but I'm guessing that's a typo, right? Two hours earlier, it was a pending SELL trade, which makes more sense to me.

With respect to Measured Moves, I had felt the SELL line was perhaps a bit premature, as it might rise higher to match the measured move, but you also noted the Support-turned-Resistance zone. You were right (if you sold, that is). The zone was a stronger resistance than was the draw of the measured move, and it went down to a new low!

So you Sold, right? If so, good move.
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  • #55
  • Mar 15, 2020 7:56am Mar 15, 2020 7:56am
Quoting pips4life
{quote} Re your EURUSD, H1 chart ... You wrote "pending BUY triggered", but I'm guessing that's a typo, right? Two hours earlier, it was a pending SELL trade, which makes more sense to me. With respect to Measured Moves, I had felt the SELL line was perhaps a bit premature, as it might rise higher to match the measured move, but you also noted the Support-turned-Resistance zone. You were right (if you sold, that is). The zone was a stronger resistance than was the draw of the measured move, and it went down to a new low! So you Sold, right? If so,...
Thanks! You're correct.
  • #56
  • Mar 15, 2020 8:42am Mar 15, 2020 8:42am
Quoting pips4life
{quote} Re your EURUSD, H1 chart ... You wrote "pending BUY triggered", but I'm guessing that's a typo, right? Two hours earlier, it was a pending SELL trade, which makes more sense to me. With respect to Measured Moves, I had felt the SELL line was perhaps a bit premature, as it might rise higher to match the measured move, but you also noted the Support-turned-Resistance zone. You were right (if you sold, that is). The zone was a stronger resistance than was the draw of the measured move, and it went down to a new low! So you Sold, right? If so,...
EURUSD60min

Sellers still controlling this pair for now. Selling pressure marked as shown. Let's see what happens.
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  • #57
  • Mar 16, 2020 6:13pm Mar 16, 2020 6:13pm
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  • #58
  • Mar 17, 2020 8:11pm Mar 17, 2020 8:11pm
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  • #59
  • Mar 17, 2020 9:04pm Mar 17, 2020 9:04pm
USDJPY 3minute chart.
Not going to say to much about this chart except that following swings up and then down is sooooo revealing. Trades just pop up. The 3 min chart is fairly fast but it's good to learn.
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  • #60
  • Edited 2:58pm Mar 19, 2020 2:28pm | Edited 2:58pm
AUDUSD 60 minute

AUDUSD has taken out some sellers.

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Zooming in a bit price is testing.
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