Flying Dutchman

Hello,
sorry to polute this thread. I'm a Jenkins fan and wanted to discuss about my researches with you. You don't seem to accept PM. Would really appreciate 2mn of your time.
Thanks and best

PS: my apologies for this unusual post

hahaa, hi C, imo (only) there can be no 'unusual' posts for any thread,
unless someone might post and suggest another traders' style is unworthy of consideration,
or worse still that one style only is really the only way to successfully trade or comprehend market price movements.

Many have mentioned Jenkins along the way and it could be an interesting take for quite a few folk.

Might you have a chart you can post up here, with some annotations hopefully, of what research observations you have seen on Jenkins style.

Charts for me are great "pictures" and allow quick summations of how other traders view the market at a given point in time.

A nice podcast to watch.

Cheers fxp, always interesting to hear another traders story.

Many banks were closed yesrday.

But essentially looked like business as usual I reckon.

.

Business as usual open. Business as usual closed. Maybe the banks are not the "banks".

A very smart young fellow,,,"A great discussion" thx for sharing.

Most important point IMO: TIME OF DAY
Traders are all so focused on ONE axis of the chart PRICE and forget about the other axis TIME...
Timing Timing Timing

When does the money flow?
When should you trade?
When should you not trade?
How does price interact with time?

etc etc etc....

Most all of this has been discussed here,,referring to time that is

All the Best
Blue

Ueda, Kishida Agree No Need to Revise Government-BOJ Accord for Now | Forex Factory

BoJ Gov Ueda: Will Continue Large Scale Monetary Easing Adopted by Previous Leadership | Forex Factory

New BOJ head says banks stable, rules out major policy shift | Forex Factory

They are projecting business as normal.

BINGO BANGO BONGO

Other than where price is within my framework, I do not care about the actual value that much.

And timing makes a world of difference.

First few trades after the easter break. Fortunately all winners.

Attached Image (click to enlarge)

Cheers!!

Same targets

D3 of the weekly template, trend continuation trade.

HOD ---> LOD

Attached Image (click to enlarge)

Cheers!!

WooW!! same pair, the same level, and another opportunity.

The market gave me the 2nd chance to ride the coattails, and I was available to grab it with both hands. Thank you, Mr. MM

Attached Image (click to enlarge)

Whoever is driving this forex currency train is getting paid by the kilometre/mile, imo

.

TimeTells Your charts are the best they tell the whole story, the day, and how it plays out.

Cheers Steve, much appreciated sir.

The charts I pop up are not trading charts as such, as I mention, but like you suggest more the Story ie market structure & mechanics charts.
I firmly believe the markets are highly organised, or I trade them as if they were if you know what I mean.

All horizontal lines can form structure lines which may then be tested later. By this I mean I have no bias at any line thinking price may reverse or breakthrough.
I wish to see how the Larger Market & Market Participants react at any & all lines.
I observe this over many, many hours of just watching, and often down on the one minute chart which shows a lot more ‘behaviour’ imo than it is given credit for, BUT, I cannot just sit & watch the 1min as I lose my fuller perspective of the bigger picture from the next upward timeframe view.

A quick example of what I call ‘behavior’ is at the top red horizontal line where price clearly ‘broke through’ on three different occasions during the trading day yet returned inside the line and then “ran” right down to the bottom green line, which also was breached.

The ‘breaching’ is what I would be looking at and how price movement plays out AFTER that.
I don't trade thinking a Line will 'hold & reverse' OR breach/breakthorugh (ie as some S/R or something)
We can ponder all day on who bought the breakout at the top and why it didn’t continue, but in the end as a trader that has less importance to me (now) than what actually happens after all the kerfuffle at the line is OVER.

Does every trade I take work out perfectly from the moment I enter it. NO.
I work for my supper inside the market so I have NO golden goose to impart to anyone. Just observations.

All that pleases me is when folks will look at something and then dig deep inside themselves to reconcile what is happening around them, and then and ONLY THEN to maybe trade what they see from what their own studies, maths, indis etc and what it is showing them.

There is not one way to trade the markets or one way that is best. Just for me I WANTED to understand the mechanism by which price moves inside the Sessions I have available to trade (Asia & early London, NO New York for me sadly, as that is where the action usually resides, but I am fast asleep then).

To observe the Market Mechanics play out day after day, session after session is my intrigue in this game. And I do that by watching & observing. Even if I could program it into an Indi I likely wouldn’t now at my age, as what I do hopefully keeps my faculties & wits sharp (hopefully) for a little bit longer in my life hahaa.

All the best Steve, and again, not a Trade Chart but a Mechanics & Behaviour Chart.
Somewhere in there for a scalper like me are some pips I like to grab each day, no more no less, and occasionally I do get onto a runner for a little more.

(ps steve, clemmo over on his Finance Book Thread will soon get into the chapters where the author he is reviewing will state why the breakouts & reversals happen at chart spots and WHO is there trading at the time. I extend it a bit further in my own mind, the who & why, but that doesn't really matter in the bigger picture)

Hi TimeTells
I don´t understand the different between the behaviour at the red line, where you said the price “broke through” and the behaviour al the green line where the price breached.
It is not the same kind of behaviour?
Why do you look after the green line breach, and not at redline breach?

Hi Kat,

Yes it is the same kind of behaviour in my eyes.


The market & participants do not always play out the same exact way AFTER the line action though.
I am waiting to see which way the market goes afterwards. It could be up or down. Especially when the lines are not at the top or bottom of a chart (extremes).

This graphic below that Shabs posted a while back might give a clearer picture of what I am waiting to see, after action around 'any' structure line.
The retest above the line on the right side 'minor structure' is an area of interest to me (and it could be above OR below the line in real time).

https://www.forexfactory.com/thread/...2#post14179182