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Michael S. Jenkins teachings

  • #1,281
  • Mar 26, 2020 2:05pm Mar 26, 2020 2:05pm
[quote=Forensic;12839977]
Quoting Swede
{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. {image}
You see...if you carefully watch not only the Octave levels for signs of support or resistance, and then if it’s at the same time as a cycle, you have an advantage in making your analysis, far in advance of traders using occillators and so on.
  • #1,282
  • Mar 26, 2020 2:40pm Mar 26, 2020 2:40pm
Quoting Forensic
{quote} 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
That’s a problem with every charting program, not only mt4. When I do my analyses after setting my octave levels and cycles I then check the scale 1 to 1 and that is the chart I use going forward for the most part..
  • #1,283
  • Mar 26, 2020 2:53pm Mar 26, 2020 2:53pm
Quoting Swede
{quote} That’s a problem with every charting program, not only mt4. When I do my analyses after setting my octave levels and cycles I then check the scale 1 to 1 and that is the chart I use going forward for the most part..
No argument on this. Key is what scale is used. For example post 1243... looks like an hourly chart.... so how many pips per hour?

10??

S.
  • #1,284
  • Mar 26, 2020 4:34pm Mar 26, 2020 4:34pm
Quoting Swede
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 {image}
Swede, moving from a Merlot to a Chardonnay?
You NEVER will be the person you could be, without pressure & discipline
  • #1,285
  • Mar 26, 2020 5:28pm Mar 26, 2020 5:28pm
Quoting DiamondMiner
{quote} Swede, moving from a Merlot to a Chardonnay?
Moving up to wine in a bottle instead of a box...
  • #1,286
  • Mar 26, 2020 5:34pm Mar 26, 2020 5:34pm
Quoting Steve666
{quote} No argument on this. Key is what scale is used. For example post 1243... looks like an hourly chart.... so how many pips per hour? 10?? S.
How do you handle this situation Steve? If we all had Becks emblem and how he scales his Optuma charts the problem is solved. I find it is hit and miss for me on mt4 and that is why I use fib fans with octave levels and cycles rather than rely on the angles so much.....one way around it( and I takes a lot of drawing) is use the angles drawn of the box methods....again staring from an impulse wave.
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  • #1,287
  • Mar 26, 2020 5:45pm Mar 26, 2020 5:45pm
Quoting maneverfix
Angles for today: {image}
Maneverfix....where did you get the JSA on tradingview....is it an indicator posted somewhere....I couldn’t find it, searched and searched. That would really help me on my second screen watching Dow, s and p, dollar index...thanks
  • #1,288
  • Mar 26, 2020 6:01pm Mar 26, 2020 6:01pm
Quoting Swede
{quote} Maneverfix....where did you get the JSA on tradingview....is it an indicator posted somewhere....I couldn’t find it, searched and searched. That would really help me on my second screen watching Dow, s and p, dollar index...thanks
you have angle measurements, the ability to draw a Gann Box and vertical and horizontal lines. Spice it up with a Gann Fan.

Piece of cake.
  • #1,289
  • Mar 26, 2020 8:51pm Mar 26, 2020 8:51pm
Quoting Swede
{quote} How do you handle this situation Steve? If we all had Becks emblem and how he scales his Optuma charts the problem is solved. I find it is hit and miss for me on mt4 and that is why I use fib fans with octave levels and cycles rather than rely on the angles so much.....one way around it( and I takes a lot of drawing) is use the angles drawn of the box methods....again staring from an impulse wave. {image}
Swede,

what is this tradeable and timeframe.... not even an X or Y scale!!
  • #1,290
  • Mar 26, 2020 10:44pm Mar 26, 2020 10:44pm
Quoting Steve666
{quote} Swede, what is this tradeable and timeframe.... not even an X or Y scale!!
Ok...fill us in please....enplane what you are after...I was simply asking how you dealt with angles...and scaling mt4...would love to hear your thoughts...obviously I have irritated you somehow?
  • #1,291
  • Mar 26, 2020 11:16pm Mar 26, 2020 11:16pm
What do you think DM,Swede and Geester...
To catch a falling knife!!! At least on my mt4 platform to the pip (90 degree acting as strong support)
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  • #1,292
  • Mar 27, 2020 12:22am Mar 27, 2020 12:22am
Quoting Swede
{quote} Moving up to wine in a bottle instead of a box...
Swede, my wine comes in a brown paper bag and the bottle has a screw cap. Usually in some fruit flavor...Remember Ripple? LOL....
You NEVER will be the person you could be, without pressure & discipline
  • #1,293
  • Mar 27, 2020 3:28am Mar 27, 2020 3:28am
Quoting Swede
{quote} Maneverfix....where did you get the JSA on tradingview....is it an indicator posted somewhere....I couldn’t find it, searched and searched. That would really help me on my second screen watching Dow, s and p, dollar index...thanks
Hi Swede,

I learnt it from your posts only, Since my broker offers tradingview as charting platform, I started experiment in TV.
Right click on chart, go to properties, go to scales tick lock scale and then,
First I select Trend Angle, draw it from impulse wave,
Second dived the angle by 2, and draw second angle.
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next
Select date and price range tool, draw it from top or bottom of impulse wave and drag it, drag Date and price range box till it bisects half angle.
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Done, then you can draw other lines as you want. It takes less than 2 minutes to prepare chart.
  • #1,294
  • Mar 27, 2020 3:37am Mar 27, 2020 3:37am
Similarly looking at your chart and MSJ's explanation have drawn Gann MTF
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and Cyclical Chart
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Practicing to draw perfect circles.
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  • #1,295
  • Mar 27, 2020 4:49am Mar 27, 2020 4:49am
Hi Swede:

how do you enter trades on a setup? All in at a given price or average down or up?

i can see that you scale out of positions successfully.

thx
leacher
Time & Price Forecast - Jenkins
  • #1,296
  • Mar 27, 2020 9:16am Mar 27, 2020 9:16am
Quoting maneverfix
{quote} Hi Swede, I learnt it from your posts only, Since my broker offers tradingview as charting platform, I started experiment in TV. Right click on chart, go to properties, go to scales tick lock scale and then, First I select Trend Angle, draw it from impulse wave, Second dived the angle by 2, and draw second angle. {image} next Select date and price range tool, draw it from top or bottom of impulse wave and drag it, drag Date and price range box till it bisects half angle. {image} Done, then you can draw other lines as you want. It takes less...
You do them so well I was certain you had found a script or indicator for tradinview....nice work for certain!!!
  • #1,297
  • Mar 27, 2020 9:36am Mar 27, 2020 9:36am
Quoting Leacher
Hi Swede: how do you enter trades on a setup? All in at a given price or average down or up? i can see that you scale out of positions successfully. thx leacher
Depends on so many things..time of day, momentum, volatility, and so on...the pound trade yesterday to me was kind of a no brainer with clear 3 bar reversals...so i went heavy, but only for a short time because the market was so volatile...and sure enough just after I closed it spiked north again, had I held for more profit I would have lost it all.....bty...my runners were all stopped out at break even...

Sometimes, during slow, ranging markets I will build a position by starting will small entries like .10 lots. (but always in the overall direction as shown on the hourly) sometimes having 20 positions on...to manage when in profit I may hit the EA called button buy sell, which will close all the long or short positions in seconds.
  • #1,298
  • Edited 10:22am Mar 27, 2020 9:53am | Edited 10:22am
Quoting Leacher
{quote} hi Swede: how did you come with 52 Offset Angle Target for GBPAUD chart posted? thx leacher
As I have mentioned I use Octaves, cycles, fib fans ans so on in most of my analyses...because you could label them a Horizontal Market Geometry. in other words using horizontal levels as the main trading tool..Beck uses angle geometry for all his exits and entries and that presents a problem with mt4 due to scaling being difficult...but that doesn't mean we should discount it all together.. So if there are experts in scaling mt4 please come forward and help us scale our mt4 charts properly....Im lost in this area and could use some help.

Anyway here are some examples I have observed this past few weeks on the Euro....I see this so many times we shouldn't discount what Beck or Trimble or others have discovered about the 52 degree offset from the impulse wave starting at X if you were trying to determine a Gartly pattern developing...these are not perfect but pretty close imho...
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  • #1,299
  • Mar 27, 2020 10:17am Mar 27, 2020 10:17am
Quoting Swede
{quote} You do them so well I was certain you had found a script or indicator for tradinview....nice work for certain!!!
Credit goes to you !!!!
  • #1,300
  • Edited 1:08pm Mar 27, 2020 10:39am | Edited 1:08pm
So here is the current Euro chart...lets observe how it reacts at the 52....

update...will keep this running...52 didnt hold...lets see how the 90 does
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