Michael S. Jenkins teachings | Page 61 | 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

  • #1,201
  • Mar 23, 2020 2:23pm Mar 23, 2020 2:23pm
my take on GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 1369.png Size: 83 KB
"the public is not yet ready for it" W.D. GANN
  • #1,202
  • Mar 23, 2020 2:40pm Mar 23, 2020 2:40pm
Quoting Kwt4x
{quote} 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,
So, in my example, I've gone from the high to the next lower high (with the origin-based price adjustment). You now know how thick I can be so, are you suggesting to simply extend the Line 0 selection to the next lower high or, just pull it out a few more bars but keep the "angle" the same by staying "level" with the first lower high after the initial origin high? (hope that makes sense!).
  • #1,203
  • Mar 23, 2020 2:48pm Mar 23, 2020 2:48pm
Quoting Kwt4x
my take on GBPUSD {image}
That looks awesome! Is that still using the Gann levels? I just see 25, 50, and 75 with the numerous other un-labelled levels
  • #1,204
  • Mar 23, 2020 2:53pm Mar 23, 2020 2:53pm
Quoting Geester
{quote} So, in my example, I've gone from the high to the next lower high (with the origin-based price adjustment). You now know how thick I can be so, are you suggesting to simply extend the Line 0 selection to the next lower high or, just pull it out a few more bars but keep the "angle" the same by staying "level" with the first lower high after the initial origin high? (hope that makes sense!).
by squaring bars/price it does not matter if you drag it 1 bar or 1000, you still get the same angles
"the public is not yet ready for it" W.D. GANN
  • #1,205
  • Mar 23, 2020 2:58pm Mar 23, 2020 2:58pm
Quoting Geester
{quote} That looks awesome! Is that still using the Gann levels? I just see 25, 50, and 75 with the numerous other un-labelled levels
never mind the labels, it's the same angles, most of the time I don't use labels.
I wish if there is fib fan with option of uploading different levels when needed.
"the public is not yet ready for it" W.D. GANN
  • #1,206
  • Mar 23, 2020 3:02pm Mar 23, 2020 3:02pm
out of trades

so I decided to go crazy and measure GBPUSD from historical high on weekly.
as always, it leave me speechless.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 1372.png Size: 78 KB
"the public is not yet ready for it" W.D. GANN
  • #1,207
  • Mar 23, 2020 5:15pm Mar 23, 2020 5:15pm
Quoting Kwt4x
my take on GBPUSD {image}
Now Kwt4x...question? I have always understood everything starts with an impulse wave...and I notice your going from high to low but not the high to low of the impulse wave...can you elaborate on that?.....here is my chart on GBP
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-23_1613.png Size: 61 KB
  • #1,208
  • Mar 23, 2020 6:36pm Mar 23, 2020 6:36pm
Quoting Swede
{quote} Now Kwt4x...question? I have always understood everything starts with an impulse wave...and I notice your going from high to low but not the high to low of the impulse wave...can you elaborate on that?.....here is my chart on GBP {image}
Hi Partner

that is what I meant in my post about the difference between GANN and Fibonacci

https://www.forexfactory.com/showthr...3#post12824923

Fibonacci need 2 points to measure and GANN need only a starting point to draw 1/1
the math in both is correct, it's just how you approach it.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #1,209
  • Mar 23, 2020 7:32pm Mar 23, 2020 7:32pm
Quoting Kwt4x
{quote} Hi Partner that is what I meant in my post about the difference between GANN and Fibonacci https://www.forexfactory.com/showthr...3#post12824923 Fibonacci need 2 points to measure and GANN need only a starting point to draw 1/1 the math in both is correct, it's just how you approach it. cheers,
Partner, your making me go back to the books again....I guess I got so immersed in Jenkins, who bases all his analyses on impulse waves, all his angles, I sort of discounted how Gann looked at the same use of fibs.
  • #1,210
  • Mar 23, 2020 7:49pm Mar 23, 2020 7:49pm
Quoting Swede
{quote} Partner, your making me go back to the books again....I guess I got so immersed in Jenkins, who bases all his analyses on impulse waves, all his angles, I sort of discounted how Gann looked at the same use of fibs.
as long as they use MATH, I'll take anyone of them.
GANN used some magic with math, the rest used math only
"the public is not yet ready for it" W.D. GANN
  • #1,211
  • Mar 24, 2020 1:32am Mar 24, 2020 1:32am
Secret Angle working again...clear entry and exits, no second thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-24 at 12.01.55 PM.png Size: 365 KB
  • #1,212
  • Mar 24, 2020 5:33am Mar 24, 2020 5:33am
EURGBP with the JSA. On the 50 line now. Looks promising. Update - just crossed it with good momentum. We'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpjsa.png Size: 59 KB
  • #1,213
  • Mar 24, 2020 8:03am Mar 24, 2020 8:03am
The JSA does it again. Some retests and then off she sailed. I can't remember who said 'it doesn't get easier than this' - DM or Swede I think.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp3.png Size: 63 KB
  • #1,214
  • Edited 9:37am Mar 24, 2020 8:44am | Edited 9:37am
Got an order block entry on UF. It retested the setup at the square root of the JNR and all in the area of the JNR and fan angle cross. Let's hope it carries on north! Some nice equal highs overhead so, I imagine it will target the liquidity up there.

Attached Image (click to enlarge)
Click to Enlarge Name: room.png Size: 50 KB


Update:

Attached Image (click to enlarge)
Click to Enlarge Name: room1.png Size: 41 KB


This is a 3:1RR target.

Attached Image (click to enlarge)
Click to Enlarge Name: room2.png Size: 16 KB
  • #1,215
  • Mar 24, 2020 9:32am Mar 24, 2020 9:32am
Update on https://www.forexfactory.com/showthr...7#post12832827

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-24 at 7.55.15 PM.png Size: 365 KB


Preparation for tomorrow :

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-24 at 8.01.00 PM.png Size: 361 KB
  • #1,216
  • Mar 24, 2020 10:08am Mar 24, 2020 10:08am
Hi fellos: hope all are in good health and wealth and keeping safe.

posting after a while coz I was reading Jenkins and trading at the same time.

I can tell from my little experience that JSA works really very well with entry, exit and PATIENCE.

and yes, snp500 works very precisely with JSA.

thank you Swede and DM for all the education, experience and giving time to this thread.

regards
leacher
Time & Price Forecast - Jenkins
  • #1,217
  • Mar 24, 2020 10:13am Mar 24, 2020 10:13am
Quoting Leacher
Hi fellos: hope all are in good health and wealth and keeping safe. posting after a while coz I was reading Jenkins and trading at the same time. I can tell from my little experience that JSA works really very well with entry, exit and PATIENCE. and yes, snp500 works very precisely with JSA. thank you Swede and DM for all the education, experience and giving time to this thread. regards leacher
And one more thing, JSA less than 1H chart is challenging - at least doesn’t work well for me as it keeps in constant stress.
Time & Price Forecast - Jenkins
  • #1,218
  • Mar 24, 2020 10:13am Mar 24, 2020 10:13am
Got into some very nice entries the past hour...out now for a bit because the retraces can be strong and I can’t watch my screen most of the day so just wanted to share what I was looking at that was very clear to me..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0B7D4EAD-4117-4D2E-BDA7-8104D4CD9F0F.png Size: 278 KB
Click to Enlarge Name: C88A8A46-626D-43C2-8B3F-1CCDB2C2BADC.png Size: 291 KB
  • #1,219
  • Mar 24, 2020 10:41am Mar 24, 2020 10:41am
Swede,
How do i put the 90 degree angle on the impulse wave slanted trend line in mt4
  • #1,220
  • Mar 24, 2020 11:26am Mar 24, 2020 11:26am
Another chance on GBP. If you take it use tight stops because lots of financial bailouts and other news that could make it shoot north...
Attached Image (click to enlarge)
Click to Enlarge Name: EF13B35E-99B9-4BA1-9070-77F44F21FA10.png Size: 290 KB
1 trader viewing now