Michael S. Jenkins teachings

Very True. All this happening in a months time. If this is beyond Headlines, Covid19 could destroy masses from earth. Let’s hope things gets to improve starting next week with vaccines hitting the market.

I wouldn't hesitate in cancelling it immediately. If things clear up (which hopefully they will) you'll always be able to re-book closer to the time. As you say, can you imagine being quarantined in a Russian port!

Good call, but with only 8 minutes to close of markets, spreads get very wide with my broker...especially last couple minutes...so be cautious...

[quote=Geester;12807297]{quote} Hi Swede, my broker allows the use of MT4 and MT5. They have a "wallet" concept so you can move funds to/from your wallet and apply the funds to your various MT4/MT5 accounts - nice and easy to move between them. So, I have been looking a lot at MT5 recently given that it handles scaling so much better. As far as the JSA script goes, it is an MT4 script and will not work on MT5. If the source JSA script MQL4 code was available, it could be recompiled on MT5 unless it was using any coding approaches/commands/functions that are not directly supported on MT5. In that case, the source code could be amended to run on MT5 and then recompiled. However, I am currently working on a number of things in this connection. First, as you know, I've developed an "Octaves" indicator that will select the highest/lowest bar on the screen and draw the Octave grid. This is an example of the initial "range" selector (the diagonal line). With that section of the chart and its range of bars, it automatically selects the highest/lowest bar range:- {image} This is after you press "D" for display:- {image} You can obviously adjust that grid size and manually choose the high/low if you want to. That is done and works fine but in addition to that, I am adding support for the horizontals lines to be based not on just Fibs, but, Jenkins Natural Ratios, Sqrt and Sqrt(Sqrt). In this case, you will use the high/low selector line to choose whatever high/low or low/high you want and the generated S/R horizontals will be drawn beyond based on that initial high/low range for a user-defined number of values, say 20 S/R levels above the originally selected "impulse" move. You might choose this as your impulse:- {image} After pressing "D" to display, 20 horizontal S/R lines will be generated from the initially selected range based on Jenkins Natural Ratios, Sqrt or Sqrt(Sqrt). The difference between this and using Octaves is that the Octave fib lines are drawn WITHIN the range of the selected low/high or high/low whereas the Jenkins Natural Ratios, Sqrt or Sqrt(Sqrt) lines are generated based ON the selected low/high or high/low and extend beyond that initial selection. That code will run on both MT4 and MT5. Finally, back to the JSA script! Whilst it is great, it is very inflexible being a script. For example, you cannot change timeframes without unloading it. As a result, I'm developing my own version of JSA as an indicator. It will allow changing timeframes and coming back to the original timeframe with JSA "resurrected" and exactly where you left it. It means that you drop the indicator on the chart, specify which timeframe it should run on and by definition, that means that you can have numerous JSA indicators on the SAME pair that can be configured to run on different individual timeframes.

Very impressive...

Only scanning for possibilities.
thx

For those who are struggling, start very simply, knowledge will build upon knowledge, this is predominantly all i use to trade successfully now, yes you can add a myriad of other techniques from Jenkins and yes they are all amazing but for now focus on price action around the most basic of his concepts and you will grow i promise!

Done some early experiments with JNR on my indicator. The ratios really seem to work well with small low to high (or high to low) ranges. Here are a few examples:-







Here is the current input layout (in MT4)

Trying to make the offsetangles on the 1 min chart eur/usd.
Nice entry to the pip.

EU

Time about to meet price at 62.5. Big move imminent? Is this last move a fakeout from the range, ready to reverse and go high at 62.5? Or is it going down?
H&S on H4

Inspired by Leacher's last EU post (above), I just took a sample range low from the top and look what it predicted!



Some of the touches that have occurred since are uncanny!

Short. Hoping current upmove is fakeout on the range

Basically wanting price to go down from 62.5 to the 75, 82.5 and 100. H&S on H4

Sorry, Swede, EURUSD

It went south through the 50 on daily fib from previous up move so agree less likely to go up. Some EU bod says GDP will lose 1% near term. DXY rallying. So felt shorting EU has probability, and that time meeting price at 62.5 clinched it for me.

10 pips away from my first TP at fib 75

Absolutely, Swede. I'm on microlots. After all the analysis, and no matter what the confluence, anything can happen, and does.

Closed all positions when it hit the 75 fib octave for 40 pips. EU still going south when I last looked but that will do me for today.
My next TP was 1076 on the 82.5 (it just hit it)
And then 100 to match the previous bottom at 1.1054
All credit to Jenkins methods of squaring time and price.

All targets hit. (no regrets for coming out early though grrrr)
You can't see the wick of that last candle that hit the 100 at 1.1054

i am afraid GU 1.22xxx

First, I will tell no one when to trade and when not to. However, I must say this current Coronavirus has opened more opportunities in trading then I have seen since 911. It's not good that many wealthy people will lose money, but many new millionaires will be made from this event. This is opportunity. Second, there are those who post here and still really don't grasp Jenkins. Please re-read the Secret Science of the Stock Market.
DM