Price Action Kewltech Style - Emini and Emicro Index Futures Trading | futures io social day trading
futures io futures trading


Price Action Kewltech Style
Updated: Views / Replies:54,530 / 276
Created: by TheTradeSlinger Attachments:20

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 20  
 
Thread Tools Search this Thread
 

Price Action Kewltech Style

  #151 (permalink)
London, United Kingdom
 
 
Posts: 23 since Apr 2012
Thanks: 2 given, 14 received

Look through your charts and work out what you missed, we also appear to have smacked from a few ticks below that level you drew - was it front run?

You have to do the work, look through the charts and work out why it turned out how it did and learn from it. Just takes a bit of work.

Reply With Quote
The following user says Thank You to timmymagic07 for this post:
 
  #152 (permalink)
Warrington
 
 
Posts: 21 since Mar 2018
Thanks: 8 given, 1 received


timmymagic07 View Post
Look through your charts and work out what you missed, we also appear to have smacked from a few ticks below that level you drew - was it front run?

You have to do the work, look through the charts and work out why it turned out how it did and learn from it. Just takes a bit of work.

I think progression was the cause, since it looks like a higher timeframe was in an upleg, but then again it could of been a scalp against the main trend however i am not sure what determines the difference between that potential scalp and scalps that are successful- what is a front run? and you said to stop using macd and i do agree with that but how can you see stuff like macd divergences without it? Thanks

Reply With Quote
 
  #153 (permalink)
London, United Kingdom
 
 
Posts: 23 since Apr 2012
Thanks: 2 given, 14 received


You cannot spot divergences without it, but you can read slowing of momentum via candles and simple price action. That said perhaps it was wrong to suggest removing MACD, if it works for you then use it.

Front running is simply market participants getting in a few ticks ahead of a level, getting in a bit early. This is all assuming your level was correctly drawn of course, again the answer is in the charts.

Reply With Quote
The following user says Thank You to timmymagic07 for this post:
 
  #154 (permalink)
Warrington
 
 
Posts: 21 since Mar 2018
Thanks: 8 given, 1 received


timmymagic07 View Post
You cannot spot divergences without it, but you can read slowing of momentum via candles and simple price action. That said perhaps it was wrong to suggest removing MACD, if it works for you then use it.

Front running is simply market participants getting in a few ticks ahead of a level, getting in a bit early. This is all assuming your level was correctly drawn of course, again the answer is in the charts.

ah right yeah i get what front running is now thanks, and yeah i think perhaps it could be that but the move did not seem big enough to have reached it's target.

So where do MACD divergences fit into trading, so you have the level you find, then you compare that to legs that price have already reacted off and their targets on the same and higher timeframes (progression) and then when price approaches the level you go to the same timeframe as the level and lower to see the slowing off momentum. Is that all or what else am i missing, does macd divergence and the cycles they run form part of the analysis as well? Thanks for your help

Reply With Quote
 
  #155 (permalink)
London, United Kingdom
 
 
Posts: 23 since Apr 2012
Thanks: 2 given, 14 received

The MACD is just a tool for analysing momentum, Dawg did a post on that in the blog.

Reply With Quote
The following user says Thank You to timmymagic07 for this post:
 
  #156 (permalink)
Warrington
 
 
Posts: 21 since Mar 2018
Thanks: 8 given, 1 received


timmymagic07 View Post
The MACD is just a tool for analysing momentum, Dawg did a post on that in the blog.

so you use the macd in the same way as you use momentum in analysis, have i got everything else down?

And i seen that post today where he called himself a dawg and some other guy was having an argument with him and was called kitten "And being a eager helpful dawgie, I suggested the MACD. This rude ... hmmm ... (be nice) raunchy feline. =), proceeded to call me a liar and said that the MACD is price base. How rude!!! And how stupid!!!" lol

Reply With Quote
 
  #157 (permalink)
London, United Kingdom
 
 
Posts: 23 since Apr 2012
Thanks: 2 given, 14 received

I wrote an essay earlier in this thread on why I do not use the MACD?

Yes, in the main post on the MACD he talks about how he uses the MACD to analyse incoming volume - as I covered in my prior post.

Reply With Quote
The following user says Thank You to timmymagic07 for this post:
 
  #158 (permalink)
Warrington
 
 
Posts: 21 since Mar 2018
Thanks: 8 given, 1 received


timmymagic07 View Post
I wrote an essay earlier in this thread on why I do not use the MACD?

Yes, in the main post on the MACD he talks about how he uses the MACD to analyse incoming volume - as I covered in my prior post.

Yes so is this what you mean in the essay, since they is no macd divergence on the m15 which is where the level is from or on the ltf's either.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


But how come that would be the case for this, when price seems flat before the slowing in momentum is leading into the level, is that because its an accumulation for a much larger play and the level is of more significance, which you can tell through the setup being so great? and also if price is in an area where price momentum has slowed down because of accumulation, then why would it drop on no bids since, price has moved lower so if anything it makes it more desirable to buy as the price is lower, so they should be bids right? or is it longs being offloaded. Thanks

Reply With Quote
 
  #159 (permalink)
London, United Kingdom
 
 
Posts: 23 since Apr 2012
Thanks: 2 given, 14 received

I don't know, I do not follow that market so I have no idea how it was set up across time frames.

Just from that screenshot, it looks like you had a pop from the level you have drawn - the higher white line, probably a level if you look further left - then we went through it on the second touch (or third touch it looks like, whatever touch that is depending on HTF), then we came into the next level you have drawn, move sideways for a few candles and then popped.... No need to over complicate it, the market fell to the next level you have drawn, moved sideways as momentum slowed and then popped.

I do not have time to go through every chart example you have mate, just read the blog articles on compartmentalising the price action and most of the issues after that to refresh your knowledge. Also spend time just watching and observing the same thing happening over and over again, to solidify it in your mind. Also bear in mind there are traders out there who have made fortunes being right 50% of the time, you do not need to be perfect....

And sorry - to answer the question at the top of your post - yes, that is exactly what I mean. There is no MACD divergence, but you do not need it to notice that momentum has slowed. This is the problem I had when first using the MACD, I kept waiting for divergences or trying to find them across time frames etc. etc. - getting rid of it helped. Again though, that is personal preference.


Last edited by timmymagic07; August 23rd, 2018 at 07:05 AM.
Reply With Quote
The following user says Thank You to timmymagic07 for this post:
 
  #160 (permalink)
Warrington
 
 
Posts: 21 since Mar 2018
Thanks: 8 given, 1 received



timmymagic07 View Post
I don't know, I do not follow that market so I have no idea how it was set up across time frames.

Just from that screenshot, it looks like you had a pop from the level you have drawn - the higher white line, probably a level if you look further left - then we went through it on the second touch (or third touch it looks like, whatever touch that is depending on HTF), then we came into the next level you have drawn, move sideways for a few candles and then popped.... No need to over complicate it, the market fell to the next level you have drawn, moved sideways as momentum slowed and then popped.

I do not have time to go through every chart example you have mate, just read the blog articles on compartmentalising the price action and most of the issues after that to refresh your knowledge. Also spend time just watching and observing the same thing happening over and over again, to solidify it in your mind. Also bear in mind there are traders out there who have made fortunes being right 50% of the time, you do not need to be perfect....

And sorry - to answer the question at the top of your post - yes, that is exactly what I mean. There is no MACD divergence, but you do not need it to notice that momentum has slowed. This is the problem I had when first using the MACD, I kept waiting for divergences or trying to find them across time frames etc. etc. - getting rid of it helped. Again though, that is personal preference.

Thanks a lot for your help! I think i'm going to get rid of the mac, it couldn't make my trading any worse lol. Thank you!

Reply With Quote

Reply



futures io > > > > Price Action Kewltech Style

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Webinar: The Seven Most Effective Trading Setups w/Peter Davies @ Jigsaw

Oct 17
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Price Action Mack Style msull35706 Trading Journals 81 July 1st, 2019 09:31 PM
PATs, Mack Style Price Action Trading YM ES NQ CL Happy Rick Traders Hideout 60 February 1st, 2015 10:29 PM
Price Action Adamus Traders and Trading Methods 6 February 20th, 2013 07:56 AM
Price Action - HELP! ollivermilton Beginners and Introductions 3 March 8th, 2012 06:48 PM
How to use Price Action Swing? eone Traders Hideout 2 May 30th, 2010 11:16 PM


All times are GMT -4. The time now is 07:36 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts