Price is not random
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simple and clear advice for new traders, no cryptic teachings 36 replies
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Getting Started in Currency Trading by Michael Archer 0 replies
DislikedOne of Jenkins teachings I will always be grateful for is how to get S/Rs mathematically using a past top or bottom Top/Bottom Price ( or a numeracy equivalent ) --> Get square root --> Add 1 ( or a unit of 1 ) --> Square the result Unit of 1: sixteenths, eighths, halfs, etc For top: Minus For bottom: Add An excel sheet does this easily, just plug in the price and S/Rs calculated pronto. Example: EURUSD Using the recent 1.1960 low and 119.6 as number ( try 1.196 or 1196 or 119.6, see what gives good results ) Square root 119.6 = 10.9361784915939...Ignored
DislikedOne of Jenkins teachings I will always be grateful for is how to get S/Rs mathematically using a past top or bottom Top/Bottom Price ( or a numeracy equivalent ) --> Get square root --> Add 1 ( or a unit of 1 ) --> Square the result Unit of 1: sixteenths, eighths, halfs, etc For top: Minus For bottom: Add An excel sheet does this easily, just plug in the price and S/Rs calculated pronto. Example: EURUSD Using the recent 1.1960 low and 119.6 as number ( try 1.196 or 1196 or 119.6, see what gives good results ) Square root 119.6 = 10.9361784915939...Ignored
DislikedHey, I've been reading Jenkins material and trying to learn for a while. However, all the PDFs I could find on the Secret Angles Method seem to be low resolution, the charts aren't legible and it makes it considerably difficult to understand for a newbie. If someone could help me understand the angles drawn at the low and high inside the square other than the 1/2 and 1/4 it would be much appreciated. I can't seem to figure it out. Thank you. {image}Ignored
Disliked{quote} hello diamond minor has a YouTube channel he has videos short and understandable on the Jenkins hidden angle good luck nice to meet youIgnored
Disliked{quote} Thanks a lot, I shall have a look at that. I'd still like to know if there's someplace I can find a clearer version of these charts since this problem seems to exist only with Secret Angle Method, the rest of the pdf files are clearer.Ignored
Disliked{quote} pipsquick16, all I going to tell you is read the Jenkins book, The Secret Science of the Stock Market. DMIgnored
Disliked{quote} Thanks DM for the info and will be buying that book asap.Ignored
Disliked{quote} Yes, strongly recommended. Its the first Jenkins book I bought many years ago and still have it on my trading desk...Ignored
Disliked{quote} {quote} {quote} Someone else has read this book? Do you think this applies to the current market? Anyone with succesful trading stories after reading this book? Just read the first lines and not sure to continue...Ignored
Disliked{quote} Short answer: 1. YES 2. YES 3. YES Jump into the rabbit hole my friend. There is nothing new under the sun. What has been will beIgnored