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Michael S. Jenkins teachings

  • #1,681
  • Jun 16, 2022 5:55pm Jun 16, 2022 5:55pm
Quoting Anusragger
Can you explain WHY price would react to your drawings on a chart.
Every instrument has a harmonic frequency (study law of vibration in trading). A practical example for you, rather than taking your down a rabbit hole is to look at how Jenkins Natural Ratios are calculated. Somebody in this forum has shared an amazing calculator for this. However, using the calculator has a trick to it, which is the point I'm alluding to. You need to find the most significant impulse candle within the timeframe you're trading. E.g. If you look at the current ES futures contract (9-22), you'll see that on the M2 timeframe on May 24th there is an impulse candle that shoots off the 200 EMA. Use the calculator to set the high and low to that candle and then draw the Bull Val and Bear Val levels from the calculator on your chart. Once you see the confluence from May 24th stay accurate and relevant to whatever date today is, you'll see why price tends to move with the levels. The answer is because it's the frequency of the market. All of these tools are essentially looking to find the relationship between time and price, using the frequency of the market and geometry to map out it's harmonic resonance.
  • #1,682
  • Jun 16, 2022 6:43pm Jun 16, 2022 6:43pm
Quoting Swede
{quote} It’s about paying forward some of the good things we have learned along the way.......there doesn’t always have to be a price attached.
Spoken like a real G who's figured it out! I'm having a great time reading through the posts in this forum from page 1. I've spend a while trying to crack into the Gann methods, and Jenkins materials are among the most valuable thus far. I have these principles successfully embedded into my trading process and I'm truly grateful for folks who've left success clues for others. It will take a life time to repay it, but I get it. I also share as openly as I receive it, and only speak from what I know. The rest of the time I try to STFU, study, and listen.
  • #1,683
  • Jun 16, 2022 7:12pm Jun 16, 2022 7:12pm
Quoting Swede
Now, once you have made up you Octave tool (fib retracement) go back a few days, or even a week or so and find a major swing, a major impulse. and set it from the high to the low....note the levels ....you will never catch every level, every time...but you will catch enough to see that we are at a potential point of exhaustion, or at a level that we need to pay attention too.... next post will be squaring the time for all of this to occur... {image} {image}
Octaves (or Gann Division of 8ths) are very essential levels in general to always have within sight. Riffing off of your lesson example a bit, not necessarily correcting any lesson point you're moving towards, I draw Octaves starting from the ATH price of the instrument I'm trading (if the market has been trending low), usually on the H1 timeframe. I start from the ATH and set the retracement tool's second node to the first major swing low, then apply extensions to give me the levels beneath the first set of octaves to cover all the price levels beneath and above.
  • #1,684
  • Jun 16, 2022 7:54pm Jun 16, 2022 7:54pm
Quoting Swede
...and with simple adjustment forward, back etc...you will now see something quite interesting....
Swede: I'm going through your lesson examples diligently, and I want to say I appreciate you brining the cycle markers into the picture. I started doing a lot work with cycle markers a while back and set them down for a while as I focused on other methods, though I feel now is the right time to bring them back into my process. Removing them was mostly to do with data lag issues, however, I can't overstate how important they are and your lesson rekindles my enthusiasm for them.

Jenkins teaches a fib time cycle technique, which I currently use a lot, however there is lots of value in looking at equidistant time retracements as well. Not all time periods are as easy to read as others, so anyone who is new to this, it's recommended that you go as far back in your chart to find a place where there is the most confluence with the swings and your cycle markers. You're looking to get your vertical retracement tool to line up with as many swing highs and lows until you feel you've found the instrument's harmonic frequency. Price will oscillate with your cycle markers around 80% of the time when you've found the correct resonance. You only need to set the cycles once when you get them right. They will stay true for years if your instrument allows for such. A futures contract will obviously expire much sooner, thus you'd need to redo your cycles for each new contract. You can't simply transfer an old contract's cycles onto the new without some subtle nuances creeping up. Better to recalibrate the cycles each time your instrument changes.

I won't get into cosmoeconomics, solar activity and their influence on these cycles, but there advanced techniques available to sync these cycles to data coming off of the Nasa's Voyager 1 probe which essentially show strong confluence between radiation frequencies coming of the sun and the way market cycles oscillate. These are great foundational techniques that Swede is sharing, though unfortunately, they will bounce off many trader's chest like that big red rubber ball once bounced off them when they were little. It took a while before that big red ball stuck.
  • #1,685
  • Jun 20, 2022 2:15pm Jun 20, 2022 2:15pm
Quoting parisboy
To be used when Price Action is BULLISH {image} {image}
Anyone looking to adding this level of insight to a chart can either calc on trued-up charts, as so diligently being taught here, or use a Jenkins Secret Angle indicator available on select platforms. The three main levels to watch are the 1x1, which shows Bull/Bear bias, and the 2x1, which is great resistance for the Bull range, and can show when the momentum is strong or waning. This is probably the single most important price action principles to master now if you're weighing other options to spend time on.
  • #1,686
  • Jun 22, 2022 4:03am Jun 22, 2022 4:03am
Quoting Geester
Hi Swede, To establish the "time unit", would the following description that I found be accurate? The time interval "t" is determined by taking the square root of the normalised price "p". So, if the trend high (or low) price is, say, $144.00, then the time interval is 12 bars (square root of 144.00). Would that be correct? That appears to make sense to me but, I don't know whether that is what you are actually trying to express. If you could kindly confirm that would be very useful indeed. Edit: Thinking about this further, I assume that the "original"...
Not sure if anyone answered your question, but I didn't understand it. It sounds like you maybe need to rephrase it. What are you trying to solve for? If by any chance it's Gann's Master Time Factor, you can't find it out in the open. You need to delve deeply into Tunnel Through the Air and go on a journey that will earn you some clues from masters you can trust. It will not be dished out in an open forum like this.

However, assuming you were NOT talking about Gann's MTF, there are some degree factors you can use to calculate the support/resistance levels from the high and lows for intraday reversals. Though, I'm not clear what you're trying to solve for.
  • #1,687
  • Jun 24, 2022 6:13pm Jun 24, 2022 6:13pm
Quoting evodio
{quote} Not sure if anyone answered your question, but I didn't understand it. It sounds like you maybe need to rephrase it. What are you trying to solve for? If by any chance it's Gann's Master Time Factor, you can't find it out in the open. You need to delve deeply into Tunnel Through the Air and go on a journey that will earn you some clues from masters you can trust. It will not be dished out in an open forum like this. However, assuming you were NOT talking about Gann's MTF, there are some degree factors you can use to calculate the support/resistance...

From your recent expositions, what should someone focus on when it comes to time and price? because I think Swede and Emmk's contributions has been helpful.

I would appreciate your response.
  • #1,688
  • Jun 24, 2022 7:57pm Jun 24, 2022 7:57pm
Quoting thatRichDude
{quote} From your recent expositions, what should someone focus on when it comes to time and price? because I think Swede and Emmk's contributions has been helpful. I would appreciate your response.
Indeed, the contributions here are very helpful. I'm new to the thread, so I'm going through all the posts starting from Page 1, hence my frequent posts recently. Being that we're all here in a Jenkins related thread, and Jenkins' work was an extension of W.D. Gann's work, it's helpful for the inquiry process if one makes a clear delineation between Jenkin's time/price techniques and what Gann ultimately used (aka Gann's Master Time Factor) for time/price forecasts. This way you can simply go through all the posts here to get a great jump start with Jenkins, knowing there's something big waiting in the horizon: Gann's Master Time Factor. Just don't expect the information to be lying around in the open, though it is literally 'hiding in plain sight' if that makes sense.

I use three Jenkin's tools to work with time/price: Jenkins Secret Angle method, Jenkins Fib Time Cycles, and Jenkins Natural Ratios. All of these applied correctly give you a clearer perspective on time/price as they add to a chart's context and confluence with other analysis you may be applying (octaves, EMA levels, VWAP, volume profile, etc.). At the end of the day, all of these Jenkins techniques need to be supported by strong price action analysis and live order flow data to provide effective support/resistance context. We've all see price magically kiss our levels and retrace, as well as leave tire tracks on them as it rips past.

As for Gann's MTF, since he was not into intraday there's no point in looking to his MTF as a scalping technique. However, knowing the direction of trend is always valuable regardless of the trading timeframe, so pursuing knowledge of Gann's MTF is a worthwhile journey to embark upon while simultaneously correctly employing his more basic techniques in intraday.

Having differentiated Jenkins and Gann's time/price methods, I recommend immediately implementing Jenkin's techniques while you evaluate whether the pursuit of discovering Gann's forecasting secrets is the right next step for you.
  • #1,689
  • Jun 24, 2022 8:07pm Jun 24, 2022 8:07pm
Quoting parisboy
The most you simplify the chart, the most you can classify and hierarchize the Swings (1,2,3,3,5,6,7,8 squares) the most you can reveal and understand the structure of Price Action {image}
I love the simplicity of the 'rule'. I use Bookmap for added context for Gann/Jenkins levels to help manage entries and exits. It's beautiful when price 'respects' the levels, and when it doesn't you wish you were looking at the underlying volume profile and order flow for context.
  • #1,690
  • Jun 28, 2022 6:08pm Jun 28, 2022 6:08pm
Quoting evodio
{quote} Indeed, the contributions here are very helpful. I'm new to the thread, so I'm going through all the posts starting from Page 1, hence my frequent posts recently. Being that we're all here in a Jenkins related thread, and Jenkins' work was an extension of W.D. Gann's work, it's helpful for the inquiry process if one makes a clear delineation between Jenkin's time/price techniques and what Gann ultimately used (aka Gann's Master Time Factor) for time/price forecasts. This way you can simply go through all the posts here to get a great jump...

Wow such a comprehensive answer!

As you stated, "immediately implementing Jenkin's techniques" shouldbe the most logical path to follow if i'm to grasp the context of time and price.

And you also stated, " I use three Jenkin's tools to work with time/price: Jenkins Secret Angle method, Jenkins Fib Time Cycles, and Jenkins Natural Ratios." Is this what I start with? What do you suggest?

Also, do you suggest I read Jenkins books? I am fortunate to have all his published materials save the most recent ones on pure astrology.

I look forward to your response!
  • #1,691
  • Jun 30, 2022 3:34am Jun 30, 2022 3:34am
Quoting thatRichDude
{quote} I am fortunate to have all his published materials save the most recent ones on pure astrology. I look forward to your response!
I highly recommend buying a print copy of Jenkins' new book. I've seen all the bootleg stuff and it's inferior to what you get direct. e.g. I've seen lots of poorly scanned PDFs with illegible charts here and there where they relate to very critical info. I also highly recommend getting Optuma (Gann Astro edition). There's a sweet Jenkins addon module I can't recommend high enough. The guys here are doing a great job teaching folks the "Gann experience" with protractors and such, though once you feel you've captured the essentials and you're ready to apply it seriously in a live trading environment, you'll want all the flexibility of a good software platform. I can't speak for all the alternatives out there, but Optuma is pretty much the Rolls of them all. I won't get into specifics of the software here, so as to not detract from the purpose of this group, but it's important to note here that there's life beyond the core essentials. There's no sense in leaving all the advanced Gann tools on the table. When you've got a large position on the line you'll want an efficient way to manage a multi-timeframe analysis. Even if you're just starting out, you want to establish a scalable approach and build as positive of an experience as possible. Recovering from losses, which are inevitable, is much easier if you learn a good lesson each time. Otherwise, a loosey-goosey process will leave you scratching your head and frustrated, which can shut you down for months - if not emotionally, then financially. What's more is that Gann/Jenkins geometry can interact with price so precisely that a poorly measured/drawn line you plotted 'manually' could wreck you quickly if you misinterpret a bar's confluence with true Gann/Jenkins support levels. As I've shared, you can do a lot with a few techniques, but there's a huge Gann world to explore, so you want to get on the right trajectory from the start. A good next step would be to go through Swede's and DiamondMiner's threads, cover to cover, as you plan your move onto a solid Gann Astro platform that has the right plotting capabilities. The most important thing is to stay with it and expect it to be a life's journey. Just keep stacking your skills, and eventually more and more starts to come together.
  • #1,692
  • Jun 30, 2022 5:51am Jun 30, 2022 5:51am
Quoting evodio
{quote} I highly recommend buying a print copy of Jenkins' new book. I've seen all the bootleg stuff and it's inferior to what you get direct. e.g. I've seen lots of poorly scanned PDFs with illegible charts here and there where they relate to very critical info. I also highly recommend getting Optuma (Gann Astro edition). There's a sweet Jenkins addon module I can't recommend high enough. The guys here are doing a great job teaching folks the "Gann experience" with protractors and such, though once you feel you've captured the essentials and you're...
Again, such a comprehensive answer. I am getting to understand you are glued to details which is awesome!

A quick question, how can the turning points of any asset price be firmly established?

Here's why i asked, from my pre-analysis, I consider myself to be a decent trader who's found a consistent approach to the financial markets. However, the icing on the cake will be knowing the exact turning points coupled with my price action knowledge, That would be an "Eureka moment" for me.

What Jenkins books do you recommend I get? And why do you think the online version doesn't do due justice?

RD
  • #1,693
  • Jun 30, 2022 6:40am Jun 30, 2022 6:40am
Quoting thatRichDude
{quote} Again, such a comprehensive answer. I am getting to understand you are glued to details which is awesome! A quick question, how can the turning points of any asset price be firmly established? Here's why i asked, from my pre-analysis, I consider myself to be a decent trader who's found a consistent approach to the financial markets. However, the icing on the cake will be knowing the exact turning points coupled with my price action knowledge, That would be an "Eureka moment" for me. What Jenkins books do you recommend I get? And...
Yes, knowing the exact turning points would be pretty sweet. Keep your compass set toward Gann and you might nurture the drive to stay on course. In the interim, Jenkins has a new book out which I recommend as a great place to start. http://www.stockcyclesforecast.com/D...ing%20Info.pdf

As far as I know he only sells the hard copies, which is why the bootlegged versions are so hard to read, particularly the detail on many charts. If you already have price action knowledge, the Jenkins techniques are among the most powerful, practical and best documented. I think you are in good hands in this group. Get the book, ready every post here, then share as much as you can. Somehow sharing has a way of affirming the knowledge we capture, especially if done out of gratitude for all one has already received.
  • #1,694
  • Jun 30, 2022 6:43am Jun 30, 2022 6:43am
Quoting evodio
{quote} I highly recommend buying a print copy of Jenkins' new book. I've seen all the bootleg stuff and it's inferior to what you get direct. e.g. I've seen lots of poorly scanned PDFs with illegible charts here and there where they relate to very critical info. I also highly recommend getting Optuma (Gann Astro edition). There's a sweet Jenkins addon module I can't recommend high enough. The guys here are doing a great job teaching folks the "Gann experience" with protractors and such, though once you feel you've captured the essentials and you're...
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  • #1,695
  • Jun 30, 2022 6:49am Jun 30, 2022 6:49am
Quoting parisboy
{quote}{image} {image}
https://ganntrader.com/
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  • #1,696
  • Jun 30, 2022 7:42am Jun 30, 2022 7:42am
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  • #1,697
  • Jun 30, 2022 7:45am Jun 30, 2022 7:45am
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  • #1,698
  • Jun 30, 2022 7:47am Jun 30, 2022 7:47am
I will keep using my pencils, my ruler, my protractor and my rubber !
  • #1,699
  • Edited 9:58am Jun 30, 2022 7:50am | Edited 9:58am
Quoting evodio
{quote} Yes, knowing the exact turning points would be pretty sweet. Keep your compass set toward Gann and you might nurture the drive to stay on course. In the interim, Jenkins has a new book out which I recommend as a great place to start. http://www.stockcyclesforecast.com/D...ing%20Info.pdf As far as I know he only sells the hard copies, which is why the bootlegged versions are so hard to read, particularly the detail on many charts. If you already have price action knowledge, the Jenkins techniques are among the most powerful,...
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  • #1,700
  • Jun 30, 2022 2:33pm Jun 30, 2022 2:33pm
Quoting parisboy
I will keep using my pencils, my ruler, my protractor and my rubber !
Respect. Heil to the almighty pencil and protractor! Two years ago I made the decision to figuratively throw my hat over the fence, so then I'd be forced to go get it so to speak. Like Cortez, I "burned the ships" (or $8K), so there was no turning back, and made the jump with the Decennial package (10yr Optuma license). I figured 10 years was enough time to properly break into the esoteric world of Gann. I discovered Jenkins along the way, then found his module, and now it's one of the main practical tools in Optuma that I use. Properly harnessed, one trade easily pays for the 10-yr license, however back then it was a crazy amount of money, but nothing compared to the potential opportunity loss. I did the 12-month payment plan as I was just getting started, but I knew I had to find a way to hold myself accountable, and what better way then to make a relatively large commitment for me at that time that would hurt worse to back out of, then if I backed out of applying myself in learning the tool I'd sacrificed for. Best decision I ever made, but perhaps not for everyone.
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