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Michael S. Jenkins teachings

  • #1,341
  • Mar 30, 2020 7:39pm Mar 30, 2020 7:39pm
Quoting maneverfix
{quote} Hi Steve666, I am also Amibroker user, till date I am draw any of MSJ patterns properly in Ami...... . Just curious have you made any AFL's for drawing in Ami? Thanks
Maneverfix,

No AFL’s that I know of but there a slope function in Amibroker that might help.

I use Amibroker as a pattern scanner.

Yes Tomasz does not suffer beginners well but in his defense a lot of their questions are redundant and can be answered with a little research.

S.
  • #1,342
  • Mar 31, 2020 12:49am Mar 31, 2020 12:49am
Quoting DiamondMiner
{quote} This is where the spending begins... years ago I thought some Russian developed it... Somebody ask Steve666, as he uses it all the time...OK? I did find this on the internet but hadn't tried it. https://xpbaldcircle.weebly.com/blog...es-analyzer-11
Registration link of software takes to http://fibonacci-trading-software.info/, here no link for payment or any contact info too
  • #1,343
  • Mar 31, 2020 3:52am Mar 31, 2020 3:52am
Nice three bar setup on GU M15
Attached Image (click to enlarge)
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  • #1,344
  • Mar 31, 2020 4:01am Mar 31, 2020 4:01am
Quoting Steve666
{quote} Maneverfix, S.
Hi Steve666,

https://www.forexfactory.com/showthr...2#post12847222

any idea, about Fibonacci lines analyzer v5.4?
there is no link for registration also.
  • #1,345
  • Edited 9:52am Mar 31, 2020 8:51am | Edited 9:52am
Month End - Careful

Simple OCTAVES with basic PA does the trick.
but GBP is a tough Nut to Crack.
I only Look for Buy Setups Above Level 4 on Octaves and Vice Versa....works very well.
Attached Image (click to enlarge)
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Time & Price Forecast - Jenkins
  • #1,346
  • Mar 31, 2020 9:56am Mar 31, 2020 9:56am
Quoting maneverfix
{quote} Hi Steve666, https://www.forexfactory.com/showthr...2#post12847222 any idea, about Fibonacci lines analyzer v5.4? there is no link for registration also.
This is a screen overlay program.

I purchased this about 5 years ago. I tried to contact the author last year... no answer.

Believe he is on Eastern Europe.

S.
  • #1,347
  • Mar 31, 2020 10:35am Mar 31, 2020 10:35am
Quoting Tranqility
Nice three bar setup on GU M15 {image}
I hope you took your profit or at least break even?
  • #1,348
  • Mar 31, 2020 10:45am Mar 31, 2020 10:45am
Quoting leah.cim
Hello guys. There is something I don't quite understand with the Gann angles. For some reason, after reading Gann's commodity course, I ended up believing that the 2×1 angle is 22.5 (Which sort of made sense because 45/2=22.5) and 1×2 angle is 67.5 degrees . Later on, as I was reading Jenkins' "Secret Science", he used different figures for the 2×1 (26.25) and 1×2 (63.75), and I switched without question because, you know, this is Michael Jenkins we are talking about. Now, as I am coming up with my strategies and techniques, I am having trouble...
If you draw a 2x1 and 1x2 on a 1x1 scaled chart and measure the angles you'll get 26.25* and 63.75*.

Edit: Just noticed you've figured it out...
  • #1,349
  • Mar 31, 2020 10:50am Mar 31, 2020 10:50am
EU: Octaves w/52 Angle
Attached Image (click to enlarge)
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Time & Price Forecast - Jenkins
  • #1,350
  • Mar 31, 2020 11:25am Mar 31, 2020 11:25am
Quoting Swede
{quote} Totally agree...and that would fall under the Horizontal Market Geopmetry...easy to see, simple to enter, only a few rules to pay attention too...good post!
If possible please check in your markets.
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  • #1,351
  • Mar 31, 2020 12:57pm Mar 31, 2020 12:57pm
Caught a very nice JSA about 2 hours ago....Gbp ran out of steam and took a short with tight stop...working out ok atm...could reach target yet today

ps the reason I squeeze my chart to this level is to make sure the offset angle is set at a true 90 degrees from the impulse line...that way all the rest of the angles are squared to the price properly.,,,that is when I check the scale fix box....just a thought if any of you are finding some discrepancies
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  • #1,352
  • Edited 2:22am Apr 1, 2020 12:05am | Edited 2:22am
Quoting Faraon
{quote} I hope you took your profit or at least break even?
no, that one kicked my arse. Lesson learnt, wait for London open and check the higher TF's before pressing the button.. I'm hoping to make it back on GU going down as per Swede's post.
  • #1,353
  • Apr 1, 2020 12:17am Apr 1, 2020 12:17am
Yes the GU really ran out of steam, it could be on another freefall...
Attached Image(s) (click to enlarge)
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  • #1,354
  • Apr 1, 2020 5:09am Apr 1, 2020 5:09am
Quoting Leacher
EU: Octaves w/52 Angle {image}
EU UPDATE: Octaves w/52Angle Resistance. Double Octave - same size - As Prices Breached "0" Level
Attached Image (click to enlarge)
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Time & Price Forecast - Jenkins
  • #1,355
  • Apr 1, 2020 6:29am Apr 1, 2020 6:29am
Quoting Swede
Caught a very nice JSA about 2 hours ago....Gbp ran out of steam and took a short with tight stop...working out ok atm...could reach target yet today ps the reason I squeeze my chart to this level is to make sure the offset angle is set at a true 90 degrees from the impulse line...that way all the rest of the angles are squared to the price properly.,,,that is when I check the scale fix box....just a thought if any of you are finding some discrepancies {image}

Hi Swede:

As for my own learning, GBP has a Bullish JSA as per chart posted, so y would we risk to get short here - although it was a good profitable trade.

thx
leacher
Time & Price Forecast - Jenkins
  • #1,356
  • Apr 1, 2020 8:23am Apr 1, 2020 8:23am
A nice short using JSA and a 90° offset today.
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  • #1,357
  • Apr 1, 2020 10:16am Apr 1, 2020 10:16am
Quoting Leacher
{quote} Hi Swede: As for my own learning, GBP has a Bullish JSA as per chart posted, so y would we risk to get short here - although it was a good profitable trade. thx leacher
Several factors to consider here...
1. Start with your weekly chart....is it in an up or down trend.?

2. Now go to the daily, look at the last couple of weeks and the huge move off the bottom, then it absolutely crashed like never in its history...but whenever there is a crash you can count on a retrace....and in this case where did the retrace end? Yes, right at #4 octave from the last swing. (50%)

3. Now to the hourly....the top of the JSA provided a picture of the temporary top, but after a few attempts it failed and now is in oscillation mode, like 100 pip oscillation. Now the JSA is offering take profit levels and entry levels...but the chart has to be squared or set so the angles are correct.

So, moral of the story, it may be in a temporary uptrend, but without having the full picture we are trading blind.
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  • #1,358
  • Apr 1, 2020 10:25am Apr 1, 2020 10:25am
And Leacher.....the market is a very unusual market and for some it should be avoided, but for seasoned traders its a gold mine because the volatility, the moves are extreme and provide huge profits if your on the right side....every trade needs to have stops even for the best traders. Ps...sorry, .charts on my ipad today so no JSA shown
  • #1,359
  • Apr 1, 2020 11:15am Apr 1, 2020 11:15am
Quoting Swede
And Leacher.....the market is a very unusual market and for some it should be avoided, but for seasoned traders its a gold mine because the volatility, the moves are extreme and provide huge profits if your on the right side....every trade needs to have stops even for the best traders. Ps...sorry, .charts on my ipad today so no JSA shown
Thank You for the detailed explanation. You have very precise entries, must be a result of your patience - which m lacking.

will continue to observe.

regards
leacher
Time & Price Forecast - Jenkins
  • #1,360
  • Edited 1:41pm Apr 1, 2020 11:22am | Edited 1:41pm
Quoting Cvdm
A nice short using JSA and a 90° offset today. {image}
Cvdm, good Job on the Secret Angle... Once you have the SA applied it opens the door to other tools, one thing about doing Jenkins methods is there are a complete tool box full of tools you can use together.... Square the Range book explains many of them.
DM
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