NexusFi: Find Your Edge


Home Menu

 





Price Action Kewltech Style


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Maricas69 with 50 posts (28 thanks)
    2. looks_two Eug911 with 38 posts (21 thanks)
    3. looks_3 1zach4 with 24 posts (16 thanks)
    4. looks_4 TheTradeSlinger with 21 posts (65 thanks)
      Best Posters
    1. looks_one TheTradeSlinger with 3.1 thanks per post
    2. looks_two timmymagic07 with 0.9 thanks per post
    3. looks_3 Maricas69 with 0.6 thanks per post
    4. looks_4 Eug911 with 0.6 thanks per post
    1. trending_up 214,249 views
    2. thumb_up 285 thanks given
    3. group 111 followers
    1. forum 340 posts
    2. attach_file 25 attachments




 
Search this Thread

Price Action Kewltech Style

  #221 (permalink)
 john5 
Los Angeles, California, United States
 
Experience: Advanced
Platform: ThinkOrSwim, Ninja Trader
Trading: Futures
Posts: 116 since Aug 2013
Thanks Given: 5
Thanks Received: 80


pennystock View Post
Are after hours and pre-market price movements counted with kewltech's method? Most of the examples he uses are with the /ES so I assume they do count. Some charting platforms don't show extended hours trading so wondering if those charts should even be relied on or not.

After hours trading, even on futures, is low volume. On stocks, it is probably even less active. But you don't want to exclude it, because you would not be looking at a complete data set. Again, I don't know much about stocks, but on futures, you want to include an overnight session.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Deepmoney LLM
Elite Quantitative GenAI/LLM
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
Battlestations: Show us your trading desks!
26 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
  #222 (permalink)
pennystock
San Francisco, CA, USA
 
Posts: 9 since Oct 2018
Thanks Given: 2
Thanks Received: 0


john5 View Post
You can use the simple 50 MA as a trigger. In fact, there is a very good mechanical system that uses this method as its main trigger, but it has a few more components.

The frame control and retracements work on anything with good liquidity (volume), but as far as I know, this style of trading works best on futures.

Are you interested in daytrading or position trading? If you're interested in holding overnight, there is a much simpler and better system out there. In fact, it is not really a system, it is just one simple indicator (the Clear Method). I know it works great on RTY and probably other futures, but don't know about stocks.

What platform do you use? If it is Thinkorswim, I can probably give you almost anything you need. I have been using it for more than 10 years. If it is Ninja, I don't know much about it yet, just started using it a few days ago.

I use TOS. I currently do both day trading and swing trading but mainly swing trading and only for stocks. I mainly trade SPY though if that matters.

I looked up the clear method (lowest high, highest low), I assume that's the one. Got a TOS indicator for that? I'd like to see it in action with stocks. Or is that something that has to be done manually?

Reply With Quote
  #223 (permalink)
 john5 
Los Angeles, California, United States
 
Experience: Advanced
Platform: ThinkOrSwim, Ninja Trader
Trading: Futures
Posts: 116 since Aug 2013
Thanks Given: 5
Thanks Received: 80



pennystock View Post
Got a TOS indicator for that?

I like this one because it is in the spirit of the "frame control" and does not lag. It is based on a range, for the price action to change, the range - or the "frame" - has to change...Don't know how well it works on stocks, but it does work well on futures, such as RTY, for example, on a Daily. It also works well intraday, but not in isolation. Just like on a daily, an intraday price action is ruled by prior ranges.

Attached Files
Elite Membership required to download: Clear_No_Color.txt
Elite Membership required to download: Clear_Colors.txt
Elite Membership required to download: Clear_Colors_2.txt
Reply With Quote
Thanked by:
  #224 (permalink)
rsqu4red
Frankfurt, Germany
 
Posts: 1 since Dec 2018
Thanks Given: 0
Thanks Received: 0


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

Hello everybody,
this is a very nice Thread. I loved reading through.
As I cant find any information on the kewltech Blog could sb. (maybe 1zach4) please send me the blog pdf so i have a litte bit more of context?
That would be so great! Thank you so much!
All the best!

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


rsqu4red View Post
Hello everybody,
this is a very nice Thread. I loved reading through.
As I cant find any information on the kewltech Blog could sb. (maybe 1zach4) please send me the blog pdf so i have a litte bit more of context?
That would be so great! Thank you so much!
All the best!

I deleted my copy, better ways to learn market structure than reading stuff that was made vague on purpose. Heard people that learned directly from the guy have lost hundreds of thousands in the process anyway. People need to stop going so nuts over "kewltech"

It is support/resistance/trend structure and other people teach it/explain it better.

Reply With Quote
Thanked by:
  #226 (permalink)
 trepidation 
San Jose, California
 
Experience: Intermediate
Platform: Sierra Chart
Posts: 139 since Apr 2018
Thanks Given: 25
Thanks Received: 167

DISCLAIMER: The chart was analyzed in hindsight after the market closed... It's New Years Eve.

I've been studying KewlTech for a little bit, but have found that it is too discretionary for my current level of trading. However, I don't see why I can't analyze the markets and glean knowledge from his trading as well as discuss the various aspects of his trading.


Quoting 
Article 8: Rising and falling wedges represent the basic cyclical waves that generally describe the movement of the market. If you press the issue hard enough you should be able to draw a series of bull wedges and then bear wedges one after the other.

We can expand on this concept by identifying price consolidating between a supply and demand zone on an anchor chart. Once we have identified a likely range day, we can begin looking for this cyclical market movement behavior of rising and falling wedges. Using the price action of wedges with MACD confirmation, we can find clear entries and exits. In this example posted, I have used the MACD crossovers as both entry and exit signals with stop losses at the nearest swing low or high. Taking conservative price confirming entries and exits, we can see that perfect trading would have yielded over 50 ticks with 2 winners, 1 loser, and 1 scratch (The final channel break happened within a few minutes and I excluded it). Happy New Years!

Attached Thumbnails
Click image for larger version

Name:	NinjaTrader_2018-12-31_13-58-02.png
Views:	610
Size:	169.2 KB
ID:	260688  
Reply With Quote
Thanked by:
  #227 (permalink)
 TraderRich 
San Francisco CA
 
Experience: None
Platform: Thinkorswin
Trading: stocks, option, gold, ETF, Emini Es, Forex
Posts: 26 since Jan 2016
Thanks Given: 32
Thanks Received: 13


trepidation View Post
DISCLAIMER: The chart was analyzed in hindsight after the market closed... It's New Years Eve.

I've been studying KewlTech for a little bit, but have found that it is too discretionary for my current level of trading. However, I don't see why I can't analyze the markets and glean knowledge from his trading as well as discuss the various aspects of his trading.



We can expand on this concept by identifying price consolidating between a supply and demand zone on an anchor chart. Once we have identified a likely range day, we can begin looking for this cyclical market movement behavior of rising and falling wedges. Using the price action of wedges with MACD confirmation, we can find clear entries and exits. In this example posted, I have used the MACD crossovers as both entry and exit signals with stop losses at the nearest swing low or high. Taking conservative price confirming entries and exits, we can see that perfect trading would have yielded over 50 ticks with 2 winners, 1 loser, and 1 scratch (The final channel break happened within a few minutes and I excluded it). Happy New Years!


Happy New year!

Thanks for the insight. I find it really interesting

I am wondering if you can tell me when you will consider "the likely range day"? Is it when it first break out of a bear/bull wedge channel?

Thanks!

Reply With Quote
  #228 (permalink)
 trepidation 
San Jose, California
 
Experience: Intermediate
Platform: Sierra Chart
Posts: 139 since Apr 2018
Thanks Given: 25
Thanks Received: 167


TraderRich View Post

I am wondering if you can tell me when you will consider "the likely range day"? Is it when it first break out of a bear/bull wedge channel?

I am looking at the wedges and channels that form inside a range day to trade off of. I don't use them to identify range days. Instead I like to locate consolidation (accumulation or distribution) on a higher timeframe and look for a supply and demand zone (resistance and support) that is sandwiching price. As long as the market has a memory, price will move from level to level and we can trade off of this by identifying where price is relative to those zones. For example, if price dramatically breaks a demand zone or there is a retest continuation then we have a degree of confidence that the market is going to be bearish. The opposite is true for a bullish case. If you look at /ES 60 minute, you can see that we've been bumping between supply and demand zones for the past couple days and this last Globex session gave us a clue for the daily range. While we broke a demand zone, there wasn't a successful retest and price moved back above the demand zone signalling there was still enough demand to stop or stall a strong trend day.


Reply With Quote
  #229 (permalink)
 natngk 
Bangkok
 
Experience: Beginner
Platform: NinjaTrader
Trading: Options
Posts: 5 since Mar 2014
Thanks Given: 3
Thanks Received: 0


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

I'd also like a copy if that's okay

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



natngk View Post
I'd also like a copy if that's okay


1zach4 View Post
I deleted my copy, better ways to learn market structure than reading stuff that was made vague on purpose. Heard people that learned directly from the guy have lost hundreds of thousands in the process anyway. People need to stop going so nuts over "kewltech"

It is support/resistance/trend structure and other people teach it/explain it better.

As I stated before, I deleted my copy.

Reply With Quote




Last Updated on March 11, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts