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Michael S. Jenkins teachings

  • #1,181
  • Edited 2:20pm Mar 20, 2020 11:03am | Edited 2:20pm
Quoting Swede
{quote} Hope a few of you took that....+25. +25 on 2 lots and a runner holding..
And the runner out +71........guess I should have held the whole enchilada....but this was very nice profit...it was live for everyone’s benifit.
1...just one glance at the chart and there is absolutely nothing to get interested in longs
2...note the circles...how this level acted as both support and resistance at times, so a significant level
3...note the last down arrow to the right....that GANN OCTAVE level was tested earlier and failed by 50 pips so this level was significant.
4...knowing how the currency trades...when a spike North in a South market you need to pay attention, usually it’s a fake out.

All of this done on Mobil MT4 on ipad....I can’t stress enough the need to use the octave method as a fundamental part of your trading analyses.
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  • #1,182
  • Mar 20, 2020 11:15am Mar 20, 2020 11:15am
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Grabbed about 125 pips on the Pound. Rejection of the 50 and near the 38.2. Octave in there, too. Thanks, Swede.
Life is too short to have anything but delusional notions about yourself.
  • #1,183
  • Mar 20, 2020 11:39am Mar 20, 2020 11:39am
Quoting hoss
{image} Grabbed about 125 pips on the Pound. Rejection of the 50 and near the 38.2. Octave in there, too. Thanks, Swede.
Very cool hoss, I was looking at that also but got a little timid with the volatility...didn’t want to ruin my profits for the morning ( which I have done before) lol

Last post for the day.....once again highlighting a place where you can potentially take profitable scalps. If you set up charts that work over and over, perfect them to your trading style and use a separate page in your mt4 for all the experiments you might be trying.....keep green
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  • #1,184
  • Mar 20, 2020 3:40pm Mar 20, 2020 3:40pm
Quoting Faraon
Let's see if they push price lower. {image}
They did, buddy. Just on a higher timeframe for entry etc. Once it broke 50 on HI we got 200+ pips.
Good call on your part, Faraon.
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  • #1,185
  • Mar 21, 2020 12:17am Mar 21, 2020 12:17am
Dukascopy Bank has JForex platform and IMO it is much better than MT4, at least your break line entry line stays where it should stay, MT4 has this HUGE problem IMO. They have 3 weeks free demo I think.

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  • #1,186
  • Mar 21, 2020 12:35am Mar 21, 2020 12:35am
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  • #1,187
  • Edited 4:38pm Mar 21, 2020 1:11pm | Edited 4:38pm
Quoting Stev1929
{quote} You will be hard pressed to see any trader's track record no matter how high profile they are, like all strategies, you need to do some reading, test the water and see if it makes sense to you or if it doesn't. Personally i have tried, like many here, a vast array of methods and through testing and perseverance you find the one you 'connect' with and ticks all the boxes, and this method,with a few minor tweaks works perfectly for me with no fuss or second guessing.
Thanks Stev1929, in addition to what Stev just said let me say: lately, I only trade Coin and Alt Coin. I do not post my live trades because that comprises my security because accounts have been and are being hacked continuously. If anyone reading this now and are not smart enough to know that, (unfortunately Coin accounts have been compromised),(hacked), and if you don't know that then you do not deserve to be here, got it? Nobody is going to put their money at unnecessary risk to satisfy a newbie who isn't willing to risk their own money. It's just that simple. Get over it.
Thanks for your cooperation
DM
You NEVER will be the person you could be, without pressure & discipline
  • #1,188
  • Mar 21, 2020 2:43pm Mar 21, 2020 2:43pm
Quoting DiamondMiner
{quote} Thanks Stev1929, in addition to what Stev just said let me say: lately, I only trade Coin and Alt Coin. I do not post my live trades because that comprises my security because accounts have been and are being hacked continuously. If you reading this now and are not smart enough to know that, then you do not deserve to be here, got it? It's just that simple. Get over it. Thanks for your cooperation DM
I agree with steve 1929

But what the fuck are you on about ?
All charts/ideas based on UK time zone
  • #1,189
  • Edited 3:25pm Mar 21, 2020 3:02pm | Edited 3:25pm
@Sponge: In appropriate behavior, see Post #1 Good Bye... Post #1 clearly states: I have Zero tolerance for BS, and zero tolerance for negative comments, bad language and cursing, as it will be regarded as inappropriate behavior.
You NEVER will be the person you could be, without pressure & discipline
  • #1,190
  • Mar 21, 2020 10:19pm Mar 21, 2020 10:19pm
Thanks for all the info and examples being shared.
I've only been learning about trading for a couple of months but was lucky to find Jenkins' work right away and this forum not too long after.
Like DM, mainly interested in crypto atm but I hope to contribute my own charts in time as I continue to learn.

I can't thumbs up yet but wanted to make a quick post to say thanks to all the serious contributors.

Happy trading.
  • #1,191
  • Mar 22, 2020 2:13pm Mar 22, 2020 2:13pm
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  • #1,192
  • Mar 23, 2020 11:12am Mar 23, 2020 11:12am
Only one trade at the moment...but the market is so volatile you can almost take any reaso..nable trade (in the overall direction) and make profit.

Anyway, just another example of waiting for the 3 bar price action to make a statement...so expect this area to be tested and that would be a good place to enter short again.....I jumped in because of the test of the 50 percent fib and the overall W pattern completed along with the overall mood has not changed by the FED in USA....
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  • #1,193
  • Mar 23, 2020 12:38pm Mar 23, 2020 12:38pm
Experiment....Euro 1 hour chart....fyi I have also been going back over a year and looking at 1000 1 hr candles and over....quite amazing when you see how from 1000 hours swing high or swing low, another turning point becomes probable...
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  • #1,194
  • Mar 23, 2020 12:52pm Mar 23, 2020 12:52pm
Just playing around with the Fib fan with Gann levels. Kwt4x gave me some great help in understanding the use of the Gann levels as opposed to using the Fib levels. That alone shows some crazy adherence of price to the fan levels. However, I added the JNR, Sqrt and Sqrt(Sqrt) levels and price interacts with them very solidly too. No particular reason for posting this except for the fact that the more I look into this approach, the more clearly valid it becomes!

Fans alone

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JNR

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Sqrt

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Sqrt(Sqrt)

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  • #1,195
  • Mar 23, 2020 1:39pm Mar 23, 2020 1:39pm
Quoting Geester
Just playing around with the Fib fan with Gann levels. Kwt4x gave me some great help in understanding the use of the Gann levels as opposed to using the Fib levels. That alone shows some crazy adherence of price to the fan levels. However, I added the JNR, Sqrt and Sqrt(Sqrt) levels and price interacts with them very solidly too. No particular reason for posting this except for the fact that the more I look into this approach, the more clearly valid it becomes! Fans alone {image} JNR {image} Sqrt {image} Sqrt(Sqrt) {image}
Great post...really interesting because the more one experiments the more understanding increases.

The only issue I have with the Gann Fan in mt4 is when there is a need to toggle down to a lower time frame for entry, the Gann levels change, whereas with Fib levels they stay in exactly the same spot.
  • #1,196
  • Mar 23, 2020 1:48pm Mar 23, 2020 1:48pm
Now that would have supplemented my income real nice ......
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  • #1,197
  • Mar 23, 2020 1:59pm Mar 23, 2020 1:59pm
Quoting Swede
{quote} Great post...really interesting because the more one experiments the more understanding increases. The only issue I have with the Gann Fan in mt4 is when there is a need to toggle down to a lower time frame for entry, the Gann levels change, whereas with Fib levels they stay in exactly the same spot.
Just a heads-up Swede, the above is the Fib Fan, not the Gann Fan. It's the Fib fan just using values representing 1,2,4,8,16 instead of typical Fib percentage levels. The way it's implemented, you can have the output render on the lower timeframes (like the native Fib fan) or, have it restricted to the timeframe it was initially created on.
  • #1,198
  • Mar 23, 2020 2:02pm Mar 23, 2020 2:02pm
Quoting Swede
Now that would have supplemented my income real nice ...... {image}
I know, you could have had a bit of a party on that trade!
  • #1,199
  • Mar 23, 2020 2:10pm Mar 23, 2020 2:10pm
Quoting Geester
Just playing around with the Fib fan with Gann levels. Kwt4x gave me some great help in understanding the use of the Gann levels as opposed to using the Fib levels. That alone shows some crazy adherence of price to the fan levels. However, I added the JNR, Sqrt and Sqrt(Sqrt) levels and price interacts with them very solidly too. No particular reason for posting this except for the fact that the more I look into this approach, the more clearly valid it becomes! Fans alone {image} JNR {image} Sqrt {image} Sqrt(Sqrt) {image}
well done Geester

Tip: every now and then, drag the end point of the fib fan more bars and do the same squaring bars/price so the other angles can be stable and fixed.
in your example, if you drag the vertical scale on the side up and down you will see the other angles move from their place because the fib fan end point is too short for the bars after.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #1,200
  • Mar 23, 2020 2:13pm Mar 23, 2020 2:13pm
Quoting Geester
{quote} Just a heads-up Swede, the above is the Fib Fan, not the Gann Fan. It's the Fib fan just using values representing 1,2,4,8,16 instead of typical Fib percentage levels. The way it's implemented, you can have the output render on the lower timeframes (like the native Fib fan) or, have it restricted to the timeframe it was initially created on.
Yes I noticed that after closer inspection...but I do see many trying the Gann Fan...it is so incredibly flawed I cant imagine why it is even offerred in Mt4....

Your charts bring out the importance to draw from different high/low points...it really gives a good perspective on where things are going..
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