Price Action Kewltech Style - futures io
futures io futures trading



Price Action Kewltech Style


Discussion in Trading Reviews and Vendors

Updated by Eug911
      Top Posters
    1. looks_one Maricas69 with 47 posts (19 thanks)
    2. looks_two Eug911 with 38 posts (16 thanks)
    3. looks_3 1zach4 with 24 posts (11 thanks)
    4. looks_4 TheTradeSlinger with 19 posts (49 thanks)
      Best Posters
    1. looks_one TheTradeSlinger with 2.6 thanks per post
    2. looks_two timmymagic07 with 0.7 thanks per post
    3. looks_3 Maricas69 with 0.4 thanks per post
    4. looks_4 Eug911 with 0.4 thanks per post
    1. trending_up 82,968 views
    2. thumb_up 206 thanks given
    3. group 92 followers
    1. forum 323 replies
    2. attach_file 17 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Thread Tools Search this Thread
 

Price Action Kewltech Style

  #21 (permalink)
Houston texas
 
 
Posts: 10 since Dec 2015
Thanks: 5 given, 10 received


tobym333 View Post
Depends on the accum / dist process and the significance of the higher time level hit

Thank you, that is where the concept of 'bigger timeframes are like bigger buckets' come in to play.

Reply With Quote
The following user says Thank You to Mudshark for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
129 thanks
What is your single biggest weakness?
94 thanks
Is Volume Profile worth learning or is it an outdated concept?
58 thanks
Is Amp at risk of going under?
52 thanks
Is Orderflow An Outdated Concept?
30 thanks
 
  #22 (permalink)
Houston texas
 
 
Posts: 10 since Dec 2015
Thanks: 5 given, 10 received


TheTradeSlinger View Post
We can never know with certainty how big a pop or drop will be.

The larger the timeframes, the larger the moves on average.

Kewltech makes reference to "...the wider the base, the larger the space", maybe dive deeper into that?

KEWLTECH: Issue 010 - Momentum Part 1

KEWLTECH: Issue 045 - ES Go!

("Wider the base, larger the space" mentioned in both articles above)

That makes total sense. I have also found that the 'first touch' levels from the extreme end of leg segments rather than in the middle have a higher probability and bigger moves in general, also tend to have a wider base. On the weekly timeframe Eur/Usd could you confirm that you see what I see? thanks!



Last edited by Mudshark; December 3rd, 2015 at 10:21 PM. Reason: Invalid image error
Reply With Quote
The following user says Thank You to Mudshark for this post:
 
  #23 (permalink)
Houston texas
 
 
Posts: 10 since Dec 2015
Thanks: 5 given, 10 received



Mudshark View Post
That makes total sense. I have also found that the 'first touch' levels from the extreme end of leg segments rather than in the middle have a higher probability and bigger moves in general, also tend to have a wider base. On the weekly timeframe Eur/Usd could you confirm that you see what I see? thanks!


Explanation: The falling wedge accumulation pattern was seen on H1 also with MACD divergence which shows momentum turning bullish, and eventually we got the huge pop. Would it be considered a trend change targetting those green resistance levels? or am I wrong on something? Thank you in advance

Reply With Quote
The following user says Thank You to Mudshark for this post:
 
  #24 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 580 received


Mudshark View Post
That makes total sense. I have also found that the 'first touch' levels from the extreme end of leg segments rather than in the middle have a higher probability and bigger moves in general, also tend to have a wider base. On the weekly timeframe Eur/Usd could you confirm that you see what I see? thanks!


@Mudshark, can you enlarge the images a bit?

It may be just me, but the images are super small on my end.

"I have also found that the 'first touch' levels from the extreme end of leg segments rather than in the middle have a higher probability and bigger moves in general, also tend to have a wider base."

Exactly my experience as well @Mudshark, first touches of the start of legs and subsequent bounces/pops are very consistent, even down to the smallest of timeframes.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to TheTradeSlinger for this post:
 
  #25 (permalink)
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,516 since Nov 2009
Thanks: 2,276 given, 2,408 received


TheTradeSlinger View Post
Anyone here ever read/study Kewltech?

I've found the concepts and methodology to be invaluable in my trading.

Hoping others have found this and would like to discuss it!


I have actually studied his stuff and chatted with him over a period of time through email. From what I understand he also traded with Lakai of tradeitdontdateit.com

I think the method has validity, but it looks great in hind sight, but how does one trade it in real time?

D

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to David_R for this post:
 
  #26 (permalink)
Houston texas
 
 
Posts: 10 since Dec 2015
Thanks: 5 given, 10 received


TheTradeSlinger View Post
@Mudshark, can you enlarge the images a bit?

It may be just me, but the images are super small on my end.

"I have also found that the 'first touch' levels from the extreme end of leg segments rather than in the middle have a higher probability and bigger moves in general, also tend to have a wider base."

Exactly my experience as well @Mudshark, first touches of the start of legs and subsequent bounces/pops are very consistent, even down to the smallest of timeframes.

Sorry buddy I am new to forums overall. It is small on my end as well I just don't know how to resize it ;(

Reply With Quote
The following user says Thank You to Mudshark for this post:
 
  #27 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 580 received


Mudshark View Post
Sorry buddy I am new to forums overall. It is small on my end as well I just don't know how to resize it ;(

No problems, for your next screenshots try this program:

https://app.prntscr.com/en/index.html

I use it everyday for screenshots.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to TheTradeSlinger for this post:
 
  #28 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 580 received


David_R View Post
I have actually studied his stuff and chatted with him over a period of time through email. From what I understand he also traded with Lakai of tradeitdontdateit.com

I think the method has validity, but it looks great in hind sight, but how does one trade it in real time?

D

Trading any method in real time.... Man I wish I had THE answer.

Here's the best I can answer that:

Trading price action in real time is a matter of estimating probabilities within a given framework, in this case, the kewltech approach/framework to price action trading.

What is that framework?

Support/resistance, levels, accum/distr, and momentum progression.

Here is how I approach it on a day to day basis.

First I take note of the context of the market. Where is price now, where has it been recently, where is price in relation to the rest of the chart? Are we in a BTFD mentality, sell rallies, trends, etc.

Next, I look for support and resistance levels on a higher timeframe (usually the weekly/daily/4hr/etc). I find where price is currently in relation to these levels and begin to form an opinion on where price may go, all the while focusing on where price is NOW.

After that, I narrow my focus to the lower timeframes, or my trading timeframes (usually hourly/15m/5m/1m/etc). What is happening now, where is price on these lower timeframes? What levels are we near, what levels are possible in the near term (while reminding myself anything is possible).

Once I am aware of the context of the higher timeframes and have a grip on where price is on my trading timeframes, I begin to engage with price and judge probabilities as price reacts to level after level intraday. Is price approaching a level? Play that level from a probabilistic standpoint. A time-developed skill of reading and reacting to order flow becomes key here. Look for supports to hold in an uptrend, resistances to hold in a downtrend, previous supports turn into resistances as they are broken, and vice versa.

@David_R, I hope this helps in some way. Please feel free to ask any questions, everyone has a different viewpoint that we can all learn from and apply to our own trading and trader development.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to TheTradeSlinger for this post:
 
  #29 (permalink)
Houston texas
 
 
Posts: 10 since Dec 2015
Thanks: 5 given, 10 received

Thank you for th explanation @TheTradeSlinger, do you have any advice on how to work with Progression? It is my main weakness and I can't seem to find a fix for it. Recently my trade calls have been very bery accurate but I get caught in the Peogression, when price doesn't move much and is in a consolidation. Many times accu/dist is hard to find because there is no clear chart pattern or divergence on the MACD..

Reply With Quote
The following user says Thank You to Mudshark for this post:
 
  #30 (permalink)
Huntington WV
 
Experience: Advanced
Platform: TradeStation
Trading: ES, CL
 
TheTradeSlinger's Avatar
 
Posts: 430 since Jun 2015
Thanks: 714 given, 580 received



Mudshark View Post
Thank you for th explanation @TheTradeSlinger, do you have any advice on how to work with Progression? It is my main weakness and I can't seem to find a fix for it. Recently my trade calls have been very bery accurate but I get caught in the Peogression, when price doesn't move much and is in a consolidation. Many times accu/dist is hard to find because there is no clear chart pattern or divergence on the MACD..

I view progression as weaving together a story from all the different trading timeframes into a narrative that makes sense to me, or that creates a framework from which I can make trades in.

I try and figure out what each timeframe is telling me and put together how they all relate to one another.

It gets back to the idea of 'time buckets'. Are the smaller timeframes building enough momentum (progressing) to offset the higher timeframes?


Quoting 
Many times accu/dist is hard to find because there is no clear chart pattern or divergence on the MACD

Momentum progression is not always a chart pattern or a MACD pattern, it's sometimes simply the length/speed/duration of each leg placed into context against another leg.

Post an example of what you are seeing and having trouble with @Mudshark.

KEWLTECH: Issue 035 - Momentum Progression

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to TheTradeSlinger for this post:



futures io Trading Community Trading Reviews and Vendors > Price Action Kewltech Style




Upcoming Webinars and Events
 

Understanding Order Flow Stop Runs & Icebergs w/Bookmap

May 28
 

Free BloodHound Licenses to everyone!

June
     



Copyright © 2020 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