DislikedPlace these in your script file...not indicator file...you will need them.. {file} {file}Ignored
- #1,768
- Edited 4:51am Aug 3, 2023 4:32am | Edited 4:51am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #1,769
- Edited 6:50am Aug 3, 2023 4:45am | Edited 6:50am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} For me Jenkins is a kind of an intellectual crook. Why and how ? a) Jenkins tools do not work on a systemic basic. In means it does not work in ALL conditions. Subliminally Jenkins books let you think that his tools and methodologies work. But it is not the case. Jenkins tools could even work in SOME precise conditions , but Jenkins does not explain you seriously in WHICH conditions. Moreover Jenkins methodologies are flawed by 2 factors : a)Jenkins "methodologies" do not take into account the "residuals" and do not explain them. The "residuals"...
Firstly, I thank you for taking the time to reply to my posts and providing your inputs. Appreciate it.
Jenkins a "crook"
? Perhaps the man is not one who possess great presentation skills nor is a skillful educator. But he does seems to be very creative and from his work, one can only imagine how much time he had spent to conduct those trial and errors to derive at so many different ideas of conducting geometric analysis for a price chart. Your points are mostly valid if we have to look at it through your lens. It is true that the consistency and ease of direct application of most of his tools (if used standalone as trading signal) may not be highly convincing. But they do provide a guideline or framework (as forward looking indicator) for traders to view where the market structure could possibly unfold in the future. And if price does pivot near those forecasted lines (alongside with other useful signals like market breadth, volumes, price action, internals, macros, whatnot), i personally think that it can still be a tradeable idea. Key is not to rely entirely on Jenkins indicator alone to make a trading decision.
- #1,776
- Aug 3, 2023 10:02am Aug 3, 2023 10:02am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Firstly, I thank you for taking the time to reply to my posts and providing your inputs. Appreciate it.
Just continue doing what you already tryngg to imlement his tools on a pesistent way.
NB I wrote " intellectual crook" . May be the word is inadequate . But he is not the only one. Many people , at leat but not only in theGann industry use the sme selling methods and write books in the same manner
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There was a section in the Secret Science book that discuss about identifying spots where the JTTL line intersects with a swing high/low to forecast the timezone of where a market may start to reverse. This concept is similar to squaring the range as well and I personally find it rather useful. Here is an example, but I am using JTTL fan lines instead of just a single line.
Is there any one in this forum who also uses this method for analysis?
Is there any one in this forum who also uses this method for analysis?
The JTTL (Jenkins True Trend Line) is really quite a useful tool. It follows the Gann's "square of 9" numbered-wheel-table to predict where target price may be in one year's time period (aka. completes one full 360 degrees round the table). I did a quick check plotting the JTTL line from the high of Nov/2021 for both Nasdaq and Dow Jones indices ... and guess what did I see? the recent swing high in End/July and Start/August tested these lines as if Gann had told them to do so. 
- #1,780
- Edited 6:16am Aug 6, 2023 5:59am | Edited 6:16am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
There was a section in the Secret Science book that discuss about identifying spots where the JTTL line intersects with a swing high/low to forecast the timezone of where a market may start to reverse. This concept is similar to squaring the range as well and I personally find it rather useful. Here is an example, but I am using JTTL fan lines instead of just a single line. Is there any one in this forum who also uses this method for analysis?
Do your homework please .
NOBODY use JTTL on Forex Factory
