Hi SpartanLTD, what's your association with the method or John please? Your join date is today and this is your 1st post. I'm not attacking you or anything, just would like to know as you haven't posted in introduction thread nor you have your journal.
Disclaimer: I'm not for or against this method or the creator, I find it interesting enough to read the thread from the start
Hi Chris...Association with John? None... ATM...but 9 years ago I was a subscriber to the JCharts and studied John's theory. I had lengthy discussions with John as to the origins of how John produced his forecasts BEFORE Jacky programmed the charts which made the process less tedious for John. When John discontinued his offering of the JChart services/subscription I found it was necessary to ATTEMPT to duplicate it. The fact is ...it can not be duplicated due to several features. The random periods and the jengs which are 2 key features....however...I have learned to adapt without them....sorry John . I can and do analyze 15 currency pairs the DXY , precious metals and Oil in about 20 minutes accurately and I do give credit to John Chen, Jacky and the JChart theory as well as John Nash for his Equilibrium in Game theory for this.
I didn't know I was supposed to post in an intro sections...oh well
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It would be great if you would come in and help explain what John is thinking. I don't agree that it is simply our "reading comprehension problem". I borrowed John's book and read it, but the many examples show seemingly arbitrary groupings to define equilibrium and various base points. Do you really see something here that is substantially different from market profile? And do you think the term" price forecasting"in the title of this thread is more than just hype?
Several of us seem to wonder what John's motivation is. If he wants to teach us, maybe you can help him. Maybe I have a comprehension problem, but thus far it just seems like a tease. I was going to walk away...
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I have watched these posts for years and never have a clue what John is talking about. The charts are not available and the commentary seldom makes sense. It would be great if someone could help explain what John is talking about. Good luck.
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This is a good question. It can't be money...so I think it is ego.... he has something that is truly unique and it is not remotely "Market Profile" and we can NOT buy it nor subscribe to it....kind of like a little kid on a big playground with a cool toy.... John must be pushing 75 years of age. If he wanted to teach...he should provide the tool, not just after the fact images (as in "See I told you so"). I appreciate his efforts none the less...I do compare my charts with his images and come to the same conclusions . Price gaps (incomplete jengs) ...or Balance Point voids (caves to pave) which were clearly shown for the month of February (strong consolidation) are critical to observe and respect in relationship to retracement targets....nothing arbitrary about that.
I am no teacher, just a doer.
I apologize if I offended anyone, I didn't mean to, but it was directed to Camel at that moment...it doesn't hurt to re-read a post THOROUGHLY before passing judgement.
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After reading the thread and read some reviews on the web John_Charting method, I have concluded that the only difference is the software. Imho there it is always TPO, but J-Chart can analyze different timeframes of TPO on the same chart in an easy way, plots triangle, support and resistence and POC (equilibrium) line etc. Things that become complicated to do with other platforms.
Anyway it is not true that this method is detached from time, because timeframes for plot the TPOs are at the discretion of the user.
And I do not even believe that behind this method there is chaos theory or energy systems like thermodynamic.
The fact that John has withdrawn it from the market because was too expensive to keep servers for the data to be distributed to potential customers says a lot ......
Anayway I must say that it intrigues me and I'd like to try it, to snatch the possible potential.
Take your Pips, go out and Live.
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Would you agree that differences in software is critical??
When we use a conventional chart platform our period separators (time) are fixed periods...Johns software plots variable periods and I believe that is what he means by..."Random Time" frames...his images do not reflect these periods but he should show this to be clear. These periods are located at the bottom of the chart.
If you look up the costs for a stable/reliable server feed you will see it is NOT cheap ....from 5,000 to as much as 50,000 dollars per MONTH....
Johns' marketing skills and customer service was sorely lacking and so I doubt if he was making enough money to continue to pay for the feed and servers
If you want me to, I will try to upload my chart, but it may not make sense. It should look familiar to John...its how he had to do his forecasts before there was Jackie.
This chart indicates that the market will sell €$ from 1,1234 (give or take some points) down to 1,1071
Last edited by SpartanLTD; May 10th, 2015 at 08:19 PM.
I'm going to go out on the limb here and forecast the bounce from 1,1151 back up to the sell level of 1,1234...closing the price gap at the open 1,1207 and trade the Balance Point for Friday at 1,1222.
Maybe John will step in here and confirm or reject my analysis