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I too have been becoming accustomed to this "micro/macro trend structure" trading, yet also do fail to always take the higher time frames into consideration- yet I doubt I will correctly be able to this without good fundamentals in the form of instructions, pics, explanations etc.
Are there any other sources online that someone in this thread can link us towards who trades using micro/macro trend structure?
So far it was this "former Goldman Sachs trader" who's twitter has not been linked. As well as tradeitdontdateitcom, who has deleted vital vids apparently.
Thanks for the explanation. Just to make sure I understand what you are saying, are you basically reiterating this:
“Fitting the move being retraced*NOW*from a significant high, low or congestion area, and the move you are currently in*NOW, with the move to its*IMMEDIATE LEFT FIRST, leads us to our next phase of our analysis. That is, we can then ascertain the significance of the move to the*IMMEDIATE LEFT. We do so by looking at*WHETHER IT IS THE MOVE (leg/trend) THAT GAVE OUR SIGNIFICANT HIGH OR LOW,*or is it simply a level of support*GAINED UNTESTED*that is being respected,*causing a low to be established,*or a level of support*LOST UNTESTED*causing a high to be*established. *If the answer is a*NEGATIVE*to the first part of the last statement, we would then look*TO FIT IT WITH THE LEFT, TO THE MOVE THAT DID.* The move to the immediate left*usefulness is not mitigated by this conclusion. The mere fact that a move occurred to the immediate left leads us to understand that a level of Support lost/gained,*UNTESTED, was hit causing the resulting reaction, and by doing so it has generated bullish or bearish momentum.”
Hey mate. Congrats on your success. Anything you did besides reading Kewltech's Blog and practice?
I think I'm struggling with the same concepts as what you were struggling with. The most important being: how to know if we are just making a RETRACEMENT or a REVERSAL at TREND STARTS.
I think the problem has got to do with not understanding what the momentum leading up to the FIRST TOUCH of the TREND START is. As well as not understanding how current trend fits into HIGHER TIMEFRAMES.
Yeah, DopeTrades does seem to be quite good at the technique, I learnt most of the concepts by Kewltech from DopeTrades, and it's much easier to understand what the PDF states after learning from DopeTrades first.
The PDF itself is not too hard to understand. Although Spaztik's Supplementary blog is, as it would be a bit better with charts illustrating the concepts.
I'm quite a beginner at this stuff though, still fail to understand what it means when they say the chart is setting itself up for the move-probably has something to do with how momentum is being created.
