Michael S. Jenkins teachings | Page 55 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

simple and clear advice for new traders, no cryptic teachings 36 replies

Forex Audio Books and Teachings 5 replies

Michael's CHART Pattern trading is back! 0 replies

Getting Started in Currency Trading by Michael Archer 0 replies

Attachments: Michael S. Jenkins teachings
Exit Attachments

Michael S. Jenkins teachings

  • #1,081
  • Edited 8:15pm Mar 15, 2020 7:51pm | Edited 8:15pm
Wait a ninute...what is happening??...a slight pull back perhaps? A minor retrace I'm sure?....still thinking my long is safe....Well it is not!!....this red candle that totally engulfs the upward movement is telling a story.....Market Makers have walked away..
Attached Image (click to enlarge)
Click to Enlarge Name: Euro_2.png Size: 9 KB
  • #1,082
  • Edited 8:18pm Mar 15, 2020 7:52pm | Edited 8:18pm
So , now the waiting game begins...you have identified an area of interest...now wait for it to be tested...may take an hour, may take 8 hours ....but when it does and the area fails to go north, your in......and what is the result??
Attached Image (click to enlarge)
Click to Enlarge Name: euro_3.png Size: 27 KB
  • #1,083
  • Edited 8:21pm Mar 15, 2020 7:53pm | Edited 8:21pm
But dammit I missed it!!!!...maybe another will come along?...the market is volatile, market makers try as they might cannot make this market head north...so you wait for another signal, and believe me they will come...
Attached Image (click to enlarge)
Click to Enlarge Name: euro_4.png Size: 42 KB
  • #1,084
  • Edited 8:34pm Mar 15, 2020 7:53pm | Edited 8:34pm
My point of all this is never, ever forget basic price action....you can have the best square of 9 or 144, octaves all in place, Beck or Jenkins angles, fibs, envelopes and so on an so on...but this type of price action combined with good analysis that is taught in this thread and you will be a force to recon with in the trading for forex....it takes time for a pattern to complete, it takes time for Market Makers to show their hand, it takes time for profit to flow....so give yourself the time and include price action in your analyses.

(ps....the signals I have shown are the reverse if the currency in in a long trend...always identify the underlying trend before considering the validity of the 3 bar pattern.)
Here are a couple more from last week.....note the octave levels in confluence with this pattern...make for a license to print money lol

So, stay safe, maybe see you in a few weeks...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp_1.png Size: 30 KB
Click to Enlarge Name: gj_1.png Size: 31 KB
  • #1,085
  • Edited Mar 16, 2020 2:02pm Mar 15, 2020 9:42pm | Edited Mar 16, 2020 2:02pm
Fixed another bug. (Indicator was reset after changing timeframe)

PS:
A new version has been attached to Post 1,089
  • #1,086
  • Edited Mar 16, 2020 2:01pm Mar 15, 2020 11:05pm | Edited Mar 16, 2020 2:01pm
- Added a new option to draw Octave levels (I will work on adding more types of levels in the future when I have time)
- Renamed the indicator to XXYY (my FF username )



PS:
A new version has been attached in post Post 1,089
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 59 KB
Attached Image
  • #1,087
  • Mar 15, 2020 11:58pm Mar 15, 2020 11:58pm
Quoting Swede
My point of all this is never, ever forget basic price action....you can have the best square of 9 or 144, octaves all in place, Beck or Jenkins angles, fibs, envelopes and so on an so on...but this type of price action combined with good analysis that is taught in this thread and you will be a force to recon with in the trading for forex....it takes time for a pattern to complete, it takes time for Market Makers to show their hand, it takes time for profit to flow....so give yourself the time and include price action in your analyses. (ps....the...
Hi Swede whereabouts is your exact entry on these trades? What bar would you enter short?
  • #1,088
  • Mar 16, 2020 12:00am Mar 16, 2020 12:00am
It turned out it's very easy to add the following two options into my indicator so I decided to add just them today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB
Click to Enlarge Name: Screenshot3.png Size: 71 KB
Attached Image
Attached File(s)
File Type: ex4 XXYY.ex4   14 KB | 505 downloads
  • #1,089
  • Mar 16, 2020 2:29am Mar 16, 2020 2:29am
Hi there,

After adding this indicator to the folder it does not appear in the indicators drop down list.
  • #1,090
  • Mar 16, 2020 4:13am Mar 16, 2020 4:13am
Quoting Xxyy
It turned out it's very easy to add the following two options into my indicator so I decided to add just them today. {image} {file} {image} {image}
When I place your indicator the JNRL level only show the high and low.
  • #1,091
  • Mar 16, 2020 5:03am Mar 16, 2020 5:03am
Quoting Soraman
{quote} When I place your indicator the JNRL level only show the high and low.
The same problem here! Something ist wrong.
  • #1,092
  • Mar 16, 2020 6:42am Mar 16, 2020 6:42am
Renktop and/or Soraman,

Can you post a screenshot?

By the way, what is the version of your MT4? Can you post a screenshot of the About screen as well?

This is what I have.
Attached Image
  • #1,093
  • Mar 16, 2020 6:50am Mar 16, 2020 6:50am
Quoting Soraman
{quote} When I place your indicator the JNRL level only show the high and low.
Hi Soraman,
Did you go to the inputs menu in the indicator and click on options to select which of the Jenkins Natural Ratios to show?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #1,094
  • Mar 16, 2020 6:51am Mar 16, 2020 6:51am
Quoting Swede
I wont be posting for some time as other interests will keep me engaged for a few weeks. But I wanted to post something that has been overlooked in this thread, a simple concept, yet vital to your entries in a volatile market...its called price action, but not the kind everyone talks about, but one that will give you spectacular results. This is not my concept, rather it was someone by the handle FXcyborg...dont know the man but his way of identifying Market Makers exhaustion is second to none in this trading business. He quit FF some time ago for...
Hi Swede, here's the thread, seems to be a bit of a fall out with FF.

https://www.forexfactory.com/showthread.php?t=877939

This looks similar

https://www.forexfactory.com/showthread.php?t=985306
All charts/ideas based on UK time zone
  • #1,095
  • Mar 16, 2020 1:41pm Mar 16, 2020 1:41pm
Quoting Soraman
{quote} When I place your indicator the JNRL level only show the high and low.
For those who are not seeing the JNR Levels, you need to adjust the vertical scale to see it.

By the way, you need to drag and drop the red dotted line to the desired location (the high and low of the swing you want to measure). The indicator is just by default placed at the right of the chart with the swing high equal to the highest price of the last 24 bars and swing low equal to the lowest price of the last 24 bars. You need to adjust the swing high and low yourself. (just like how you use a MT4 Fibo retracement tool).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
Click to Enlarge Name: Screenshot2.png Size: 49 KB
Click to Enlarge Name: Screenshot3.png Size: 72 KB
  • #1,096
  • Mar 16, 2020 1:53pm Mar 16, 2020 1:53pm
A thing of beauty!
Attached Image (click to enlarge)
Click to Enlarge Name: US30(£)Monthly.png Size: 37 KB
  • #1,097
  • Mar 16, 2020 2:30pm Mar 16, 2020 2:30pm
Quoting Xxyy
{quote} For those who are not seeing the JNR Levels, you need to adjust the vertical scale to see it. By the way, you need to drag and drop the red dotted line to the desired location (the high and low of the swing you want to measure). The indicator is just by default placed at the right of the chart with the swing high equal to the highest price of the last 24 bars and swing low equal to the lowest price of the last 24 bars. You need to adjust the swing high and low yourself. (just like how you use a MT4 Fibo retracement tool). {image} {image}...
Hello, I also got the second Picture. To me it makes no sense. From 0.61 to 0.42 appr.
  • #1,098
  • Mar 16, 2020 4:54pm Mar 16, 2020 4:54pm
Quoting renkotop
{quote} Hello, I also got the second Picture. To me it makes no sense. From 0.61 to 0.42 appr.
If you don't know how the levels are calculated, you can check the excel spreadsheets posted by other members or go through all previous posts. It was mentioned somewhere as I remember.
  • #1,099
  • Mar 16, 2020 10:24pm Mar 16, 2020 10:24pm
Quoting Abe16
Wow. What drama!!! Is he really gone this time. But he was the only one who could actually trade on this thread. LOL!!! {image}
This is silly. You don't have anything better to do?
  • #1,100
  • Mar 16, 2020 11:20pm Mar 16, 2020 11:20pm
Quoting Faraon
{quote} This is silly. You don't have anything better to do?
I just joined this thread, can someone please guide me, I'm really interested to learn.

My first question is that who is Michael S Jenkins, and how come there's nothing on the Internet about him, and barely anybody knows about him, but in this thread he is a prophet in the trading business. Why do more people not know about him.

I am sceptical but want to learn and am willing to put in the effort.

Second question, how can I learn, do I just read his books? Where can I get them? After I read them do I follow this thread for guidance, how are you teaching peaple on this thread, I would appreciate it if you tell me the trend of study on this thread.

And last but not least, because I have been scammed before on the Internet, my question is, is this all free, what you guys are offering, or do we have to pay. If so, why are you doing this, and giving out this knowledge, what are your intentions or motivations to do as such.

I would really appreciate it if you could help me out here, thank you in advance.
2 traders viewing now