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Price Action Kewltech Style


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Price Action Kewltech Style

  #161 (permalink)
Eug911
Thailand
 
Posts: 43 since Feb 2017
Thanks Given: 11
Thanks Received: 22

Its almost a year for me now of studying charts using the kewltech method and I have come pretty far. The missing part from before of progression is starting to make sense, I could just not understand it from the blog posts but watching the price action over and over especially on shorter time frames helped me understand progressions. To me its basically the exhaustion of buyers and sellers as we yoyo from leg start to leg start. At some point one side gets the upper hand and off we go. I still cannot really verbalize my understanding but I understand what will happen as I watch it. My biggest issue now is knowing exactly which level to take trades off within the leg start, this is easier on shorter timeframes where the leg start is small but on a 4 hour leg start this can be 0.50 to 1 point on CL of variance. Usually I either wait for the perfect spot which never comes and I miss the move completely or I start building my position at different levels that I deem important, this normally leads to taking heat on the trade but when I am right... ohh boy.

Any hints to picking out levels within the leg start would be greatly appreciated... Maybe I am just being a perfectionist and should be fine with scaling into the trade as I have been doing.

Timmymagic07, your blog was helpful for me when it was active, thanks for writing it. It did not give me the Eurka moment but it was still a good resource. Any little bit helps in this long difficult solitary journey.

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  #162 (permalink)
mattwj
Warrington
 
Posts: 21 since Mar 2018
Thanks Given: 8
Thanks Received: 1


Eug911 View Post
Its almost a year for me now of studying charts using the kewltech method and I have come pretty far. The missing part from before of progression is starting to make sense, I could just not understand it from the blog posts but watching the price action over and over especially on shorter time frames helped me understand progressions. To me its basically the exhaustion of buyers and sellers as we yoyo from leg start to leg start. At some point one side gets the upper hand and off we go. I still cannot really verbalize my understanding but I understand what will happen as I watch it. My biggest issue now is knowing exactly which level to take trades off within the leg start, this is easier on shorter timeframes where the leg start is small but on a 4 hour leg start this can be 0.50 to 1 point on CL of variance. Usually I either wait for the perfect spot which never comes and I miss the move completely or I start building my position at different levels that I deem important, this normally leads to taking heat on the trade but when I am right... ohh boy.

Any hints to picking out levels within the leg start would be greatly appreciated... Maybe I am just being a perfectionist and should be fine with scaling into the trade as I have been doing.

Timmymagic07, your blog was helpful for me when it was active, thanks for writing it. It did not give me the Eurka moment but it was still a good resource. Any little bit helps in this long difficult solitary journey.

is they a blog i can look at from Timmymagic07 on way back machine perhaps, i pretty much have the same problem, i can't get it down into a mechanical system and they is so many levels how do you know which ones are important, they is the standard s/r and the legstart types of levels, how do you decide what ones are important or not?

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  #163 (permalink)
Eug911
Thailand
 
Posts: 43 since Feb 2017
Thanks Given: 11
Thanks Received: 22


I agree with the sentiment of just reading the original blog over and over and just looking at the charts on multiple time frames. At this point of my experience level I try to trade only the big leg starts on the bigger charts like 1 and 4 hour. I form a bias on my understanding of progression and where price should go and not go if I am wrong and trade with wide stops. Ideally i'd like to get more precise and use much smaller stops but the only way I see of doing that is switching to scalping every rotation but I am not into that kind of rapid decision making yet. I like the stuff from Timmy's blog where he talks about auctions, it's a fantastic explanation of momentum.

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  #164 (permalink)
mattwj
Warrington
 
Posts: 21 since Mar 2018
Thanks Given: 8
Thanks Received: 1

Lakai says learn how to read a chart and then learn technical analysis, how are these different from each other since i and how can you learn about them? Thanks

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  #165 (permalink)
Eug911
Thailand
 
Posts: 43 since Feb 2017
Thanks Given: 11
Thanks Received: 22


mattwj View Post
Lakai says learn how to read a chart and then learn technical analysis, how are these different from each other since i and how can you learn about them? Thanks

My take is that technical analysis refers to using indicators.

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  #166 (permalink)
raidenko
Washington DC
 
Posts: 5 since Sep 2018
Thanks Given: 2
Thanks Received: 2


1zach4 View Post
I have a PDF of the entire blog


Eug911 View Post
My take is that technical analysis refers to using indicators.

Hey mate, I noticed you mentioned you have a pdf of the entire blog. Do you mind sharing it with us? I noticed a few mentions of the pdf in here but it wasn't attached anywhere in the thread. The archived site is hard to navigate in order.

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  #167 (permalink)
Eug911
Thailand
 
Posts: 43 since Feb 2017
Thanks Given: 11
Thanks Received: 22

Question to the more astute chart readers who have a working knowledge of this method.

Why did CL not get a good smack from hitting the End of June / early July leg start (supply zone) ? We had momentum divergence approaching it on the 1 hour time frame, everything seemed right. Is this just a matter of not all trades work or did I miss something in my analysis? I expected a much bigger reaction but it just never came.

4 Hour Chart



1 Hour Chart

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  #168 (permalink)
1zach4
Tampa, FL
 
Posts: 51 since Feb 2013
Thanks Given: 3
Thanks Received: 22

Because we were contained within the leg and the low of this entire move was a test of a much larger leg start, so you have to make a new high above

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  #169 (permalink)
1zach4
Tampa, FL
 
Posts: 51 since Feb 2013
Thanks Given: 3
Thanks Received: 22


Eug911 View Post
Question to the more astute chart readers who have a working knowledge of this method.

Why did CL not get a good smack from hitting the End of June / early July leg start (supply zone) ? We had momentum divergence approaching it on the 1 hour time frame, everything seemed right. Is this just a matter of not all trades work or did I miss something in my analysis? I expected a much bigger reaction but it just never came.

4 Hour Chart



1 Hour Chart

#1 thing missing from your analysis is legs

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  #170 (permalink)
Eug911
Thailand
 
Posts: 43 since Feb 2017
Thanks Given: 11
Thanks Received: 22



1zach4 View Post
Because we were contained within the leg and the low of this entire move was a test of a much larger leg start, so you have to make a new high above

So for this to be a valid leg start trade, we should have taken out the june low?

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