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Michael S. Jenkins teachings

  • #1,261
  • Mar 26, 2020 3:56am Mar 26, 2020 3:56am
Quoting vik11
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. {image}
entry against the Main Trend...….kind of risky for me at least. keep safe.
Time & Price Forecast - Jenkins
  • #1,262
  • Mar 26, 2020 4:01am Mar 26, 2020 4:01am
Quoting Steve666
{quote} If you don't think this "bailout" isn't inflationary then think again. I'd be having a hard look at commodities as the economy rrecoveres. S.
oh yes, anything worth the crises is commodities be it rice, silver, gold, water, peas, meat, etc.....

did you see how worthless the currencies have become.... and little grocery store owner stands out with commodities as Jewels.
Time & Price Forecast - Jenkins
  • #1,263
  • Mar 26, 2020 5:54am Mar 26, 2020 5:54am
Quoting jvp999
Geester, Please tell me the broker that allows you to use "wallets". Intresting and a very safe concept
I use Darwinex for MT4/MT5.
  • #1,264
  • Mar 26, 2020 5:59am Mar 26, 2020 5:59am
Quoting jvp999
Geester, Where can I find your Mfx Octave indicator with latest mods for mt4
So far, it's a personal project that is evolving quite quickly and has since been renamed "JenkinsUtils".

One thread member has put an indicator into the domain of this thread and it can be found here: https://www.forexfactory.com/showthr...0#post12822700
  • #1,265
  • Mar 26, 2020 6:41am Mar 26, 2020 6:41am
Is looking forward that price would be touch point 2 after if break point 1.
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  • #1,266
  • Mar 26, 2020 7:18am Mar 26, 2020 7:18am
POSTING before the US RED NEWS

Hi Swede:
kindly have a look at the 52 Offset Angle. Looks like market formed a reversal bar on 1H from exactly this Angle.

EURUSD:
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Time & Price Forecast - Jenkins
  • #1,267
  • Edited 8:24am Mar 26, 2020 8:11am | Edited 8:24am
UCAD.Disclaimer On.Let the risk to me
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  • #1,268
  • Mar 26, 2020 8:41am Mar 26, 2020 8:41am
GBP: Octaves, JSA, Offset 90+52
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Time & Price Forecast - Jenkins
  • #1,269
  • Mar 26, 2020 9:24am Mar 26, 2020 9:24am
Quoting Leacher
POSTING before the US RED NEWS Hi Swede: kindly have a look at the 52 Offset Angle. Looks like market formed a reversal bar on 1H from exactly this Angle. EURUSD: {image}
The one thing that most technical traders miss in their analysis is the profound effect of major news. In a normal market I would have looked at the signal also, but this is not a normal marketplace. The effect of the unpresidential stimulus package, the effect of the horrible jobs report, the nervousness of the market, the ongoing covid19 news, all of this makes trading difficult unless you get on the right side and manage the trade constantly.

Today the market reacts to USA reports, tomorrow it will be Europe, or GB, or Canada so technical trading needs more than the usual caution. Momentum is great, volatility is an account killer in these difficult times.
  • #1,270
  • Mar 26, 2020 9:57am Mar 26, 2020 9:57am
Quoting maneverfix
Angles for today:
update:
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Ready for tomorrow
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  • #1,271
  • Mar 26, 2020 10:00am Mar 26, 2020 10:00am
Quoting Swede
{quote} The one thing that most technical traders miss in their analysis is the profound effect of major news. In a normal market I would have looked at the signal also, but this is not a normal marketplace. The effect of the unpresidential stimulus package, the effect of the horrible jobs report, the nervousness of the market, the ongoing covid19 news, all of this makes trading difficult unless you get on the right side and manage the trade constantly. Today the market reacts to USA reports, tomorrow it will be Europe, or GB, or Canada so technical...

Agreed. just wanted to know if this is how 53 Angle is marked irrespective of trade setups. Obviously, all setups required Reversal Bars and Stops to succeed.

looks like there is a genuine liquidity crises as my GBP pair shows 4-6 pips spread (usually 1.5-2) and Gold spread is (5-10 Whole Numbers), working with Axitrader UK/Australia - normally never had an issue with them.

plz continue to post Learning Charts.

thx
Leacher
Time & Price Forecast - Jenkins
  • #1,272
  • Mar 26, 2020 10:02am Mar 26, 2020 10:02am
Gbp getting into resistance territory...volatile today and extreme caution to traders but this could turn as today’s news is absorbed......and Britain becomes the next focus...
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  • #1,273
  • Mar 26, 2020 10:39am Mar 26, 2020 10:39am
USD INDEX
- Main Support at 99
- Gap Below around 95 Area
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Time & Price Forecast - Jenkins
  • #1,274
  • Edited 12:12pm Mar 26, 2020 10:58am | Edited 12:12pm
Quoting Swede
Now every MT4 has a cycle tool found in your inserts tab...find it and place it on your chart, back where you established the Octaves and adjust it so you are squaring the octave with the cycle...make it the same color so it looks as part of you chart...and with simple adjustment forward, back etc...you will now see something quite interesting....you will note the price starts to react at these levels and you have just squared price and time...we will get into how to start using offset angles once you have your squared chart working.... So, why...
For some reason my printscreen aint working. Re-reading Jenkins while i wok through these helpful explanations.

I have attached a chart below, Is this good or do i need to go back a few weeks?

Thanks

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This below, longer swing, from 9 - 20th march

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  • #1,275
  • Edited 11:25am Mar 26, 2020 11:12am | Edited 11:25am
GANN FAN Disclamer On.There is no secret here i have post the calculation of Gann Fan using FiboFan.
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  • #1,276
  • Mar 26, 2020 11:43am Mar 26, 2020 11:43am
Quoting Forensic
{quote} For some reason my printscreen aint working. Re-reading Jenkins while i wok through these helpful explanations. I have attached a chart below, Is this good or do i need to go back a few weeks? Thanks {image}
In a normal market your chart is good...you might want to use solid lines as the slotted are a bit confusing....but in such a volatile market you do better using the full swing point....then adjust your cycles to observe if they are catching swing points...that way you can see if your squaring price and time more accurately.
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  • #1,277
  • Mar 26, 2020 12:50pm Mar 26, 2020 12:50pm
Quoting Swede
So, here are today's trades on my 15 min chart....went long early this morning....then changed direction at the top....why? There is nothing on the 15 min chart to indicated a turn was eminent.... the answer is on the second chart, the hourly...I happenned to look over a trendline I made a couple of days ago and the 90 on the hourly was hit to the penny....took a small entry there, and added as the confirmation of the reverse was in place. Now...back to the 15 min chart....tell me....where did the dumping stop....Yup....right at the 90 drawn before...
Do you draw these using a script or just mt4's trendline tool and protractor? I use protractor but it gets skewed when i zoom in and out etc
  • #1,278
  • Mar 26, 2020 1:00pm Mar 26, 2020 1:00pm
[quote=Swede;12839801]{quote} In a normal market your chart is good...you might want to use solid lines as the slotted are a bit confusing....but in such a volatile market you do better using the full swing point....then adjust your cycles to observe if they are catching swing points...that way you can see if your squaring price and time more accurately. {image} {image}[

Thanks. adjusted as directed.
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  • #1,279
  • Mar 26, 2020 1:41pm Mar 26, 2020 1:41pm
Patience is the key on a big move like today for cable....not just 1-3 bar entry but 2 in a row so it was time to step up and get dirty...still have a few runners on but think I will buy a better class of wine tonight. Lol
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  • #1,280
  • Mar 26, 2020 1:56pm Mar 26, 2020 1:56pm
Hey, if Jenkins SA works for you then tant mieux..

somereading:

https://www.mql5.com/en/forum/126291

https://www.mql5.com/en/forum/123370

My experience has been spotty but given the tight scaling on currencies it may be more applicable
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