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Price Action Kewltech Style

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 TheTradeSlinger 
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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!

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 TheTradeSlinger 
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From my journal to start us off here.


TheTradeSlinger View Post
Ok, let's do this. I'm going to shotgun blast the material out there and try to explain as I go along. Please ask ANY and ALL questions that come to you.

First things first, the market is logical and is always set up to do what it is about to do. It has to be technically.

How does the market move? Accum/distr, momentum progression, legs, levels, 1st and 2nd touches.

Chart 1: The current @ES chart


Chart 2: The previous leg we are retracing NOW


Chart 2 explanation:
Always identify the CURRENT leg that we are retracing. The blue line indicates the leg we are retracing back up. No guessing involved, nothing, just identify the leg we are retracing.

Chart 3: Identify levels from previous LEG (the one we are retracing)


Chart 3 explanation:
Identify some key levels within the leg we are retracing, as those levels will be important again on the current leg. Notice how on the current leg, we are popping and dropping off of the levels from the previous leg?

Chart 4: THE CURRENT LEG


Chart 4 explanation:
The current leg, the leg we are on right now.

Chart 5: Why did the leg stop and a new one start there? Why did price reverse?


Chart 5 explanation:
Why did price reverse there and create a new leg?
Answer- always look left, there WILL be a key level from a higher timeframe.

Chart 6: Oh look, a leg start from the higher timeframe


Chart 6 explanation:
Price reversed because it 1st touched a key level from a higher timeframe. And it just happened to be a doji! And bullish momentum had been building for this 1st test since late August!
Doji: KEWLTECH: Issue 044 - Doji Magic

Chart 7: Why did we sell off anyways?


Chart 7 explanation:
Sideways on building bearish momentum? Ha and you thought the market wasn't always set up to do what it will do next. Where did we stop on the recent sell off? A leg start/level.


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 TheTradeSlinger 
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Last post I'll make here (rest will be in my journal for further Kewltech discussion) unless interest develops.


TheTradeSlinger View Post


News at 8:30? Who cares.

It's in the charts.

Level 1st touch + building bearish momentum.

Market always set up to do what it's going to do.


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 Zentrader2010 
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TheTradeSlinger View Post
Last post I'll make here (rest will be in my journal for further Kewltech discussion) unless interest develops.

Hi,
I'm following the reasoning.....but what time frame do you trade? I notice you have daily charts; but this is a 15 second chart. I'm wondering if your reaction time is that quick....isn't a correction off such a small time frame not so relevant to a daily chart?

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 TheTradeSlinger 
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Zentrader2010 View Post
Hi,
I'm following the reasoning.....but what time frame do you trade? I notice you have daily charts; but this is a 15 second chart. I'm wondering if your reaction time is that quick....isn't a correction off such a small time frame not so relevant to a daily chart?

Great question.

I don't trade the 15 ⎌second chart, I was using it as an example of how the market will always be set up to do its next move.

My main chart timeframes are 500 tick, 1500 tick, 1m, 5m, 15m, 60m, 240m, daily, weekly.

The timeframes don't really matter, what matters is the lower timeframes are always working to achieve the bigger timeframe's objective and its trend.

Think of the timeframes as buckets. A 1m bucket of action isn't enough to offset a daily bucket of action is it? Change starts at the lower timeframes and manifests itself upwards. Accum/dist on the the lower timeframes can build up enough to offset the next higher timeframe and it'll all be evident on the charts.

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 TheTradeSlinger 
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Today's CL action -> First touch of previous support or resistance lost.

KEWLTECH: Issue 008 - Support & Resistance

KEWLTECH: Issue 080 - Mountains and Valleys






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 philcollins 
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Do you trade the levels (by buying pullbacks?) or do you mostly trade the breakout (example with the divergence in MACD)?

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 TheTradeSlinger 
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philcollins View Post
Do you trade the levels (by buying pullbacks?) or do you mostly trade the breakout (example with the divergence in MACD)?

I mainly trade the levels themselves, for example if we are approaching a level of support I will have an order at the level or a few ticks above the level to enter the long.

KEWLTECH: Issue 052 - S/R Revisited

KEWLTECH: Issue 053 - S/R Action

Please ask anything that comes to mind as I am learning this as I go along too.

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Thxfortheticks
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TheTradeSlinger View Post
From my journal to start us off here.

I have a question regarding your chart with the leg that has a blue line. If price is going down how is the blue leg down the leg we are retracing right now? Wouldn't the leg that brought us up in price be the leg we would be retracing ? Also I just found this site and getting caught up on your posts. I'm really enjoying this far . Thanks in advance

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 TheTradeSlinger 
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Thxfortheticks View Post
I have a question regarding your chart with the leg that has a blue line. If price is going down how is the blue leg down the leg we are retracing right now? Wouldn't the leg that brought us up in price be the leg we would be retracing ? Also I just found this site and getting caught up on your posts. I'm really enjoying this far . Thanks in advance

@Thxfortheticks,

The blue leg is the leg we are retracing, that's the leg we look to to identify levels for the current move up.

"If price is going down" How do we know price is starting a new leg down? Maybe it is just bouncing off support and continuing upwards (yellow line)?

Here's the thing, we can never really "know" when it comes to trading. There is no certainty. What we can do as traders is estimate the probabilities of moves and play the probabilities.

As you get better at identifying levels, accum/distr, and momentum progression, you will be able to estimate the probabilities with greater clarity.

Here is some further reading on legs specifically:

KEWLTECH: Issue 063 - Price Action And Legs

KEWLTECH: Issue 069 - Leg Hopping

KEWLTECH: Issue 076 - Sweet Oily Legs


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tobym333
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Im very interested in hearing about your thoughts on kewltech. however im not understanding what you mean by the blue leg down is what you are retracing as price falls ?

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Mudshark
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Thank you for this post! Very helpful ☺️

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Mudshark
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tobym333 View Post
Im very interested in hearing about your thoughts on kewltech. however im not understanding what you mean by the blue leg down is what you are retracing as price falls ?

Yes, I believe so. Always start with bigger timeframe to see which leg we are tracing and then zoom on hourly timeframes. To Loool for the leg segment to the left. Hope that helped. Please ask if you need clarification

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Mudshark
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I understand how to locate and trade the first touches as they have very high probability, but is there a way to know how big the Pop/drop would be? Whe it pops/drops because of a news event it often disregards all of the levels, how does one know how far the Pop/drop move will take us?

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

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tobym333
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Mudshark View Post
Yes, I believe so. Always start with bigger timeframe to see which leg we are tracing and then zoom on hourly timeframes. To Loool for the leg segment to the left. Hope that helped. Please ask if you need clarification

Yeah . Can u clarify the LEFT?

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 TheTradeSlinger 
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tobym333 View Post
Yeah . Can u clarify the LEFT?



Excuse this poorly drawn example lol, but this is what is meant by the left leg:

A is the leg down, B is the leg up.

The B leg is retracing the A leg upwards, and will respect levels from A on the way back up.

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 TheTradeSlinger 
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Mudshark View Post
I understand how to locate and trade the first touches as they have very high probability, but is there a way to know how big the Pop/drop would be? Whe it pops/drops because of a news event it often disregards all of the levels, how does one know how far the Pop/drop move will take us?

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)

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TheTradeSlinger View Post


Excuse this poorly drawn example lol, but this is what is meant by the left leg:

A is the leg down, B is the leg up.

The B leg is retracing the A leg upwards, and will respect levels from A on the way back up.

Perfect explanation! I always start with bigger timeframes to get a general idea and then zoom in. It is worth noting that there are always legs within legs that have levels as well.

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Mudshark
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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.

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Mudshark
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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!


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Mudshark
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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

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 TheTradeSlinger 
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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.

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 David_R 
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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

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Mudshark
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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 ;(

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 TheTradeSlinger 
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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.

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 TheTradeSlinger 
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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.

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Mudshark
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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..

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 TheTradeSlinger 
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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

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PA Padawan
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Not sure if this forum is still frequented, but would love to share ideas and talk about the concepts of the blog. I have been working at the blog and concepts for close to a year and still missing some key things as far as what is important or significant in a move/leg. Will happily share details that I have picked up along the way and look fwd to chatting.

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tobym333
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I also have studied the blog for a bit. I usually don't get on here as I have a skype group to discuss trading with friends . But if you enjoy discussing the blog and trading I'll discuss it with you. What did you have in mind to share?

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From the way you put things into words, im sure your understanding is much better than mine of the blog and concepts within but i find targeting to be an issue for many that read or have read the blog. For instance, if retracing a leg down and you hit a leg untested from a valley on the left, what should you target? The previous peak to your left, the candle to the left of its high, its high wick is support that was gained correct? Also one issue i face is knowing what can not be gained or lost within a move, or you know it is going to the leg start? At whst time do you know with certainty that a new low or high will be made? What exactly do you pay attention to as far as a specific candle or area/congestion within a move? Hopefully some of what i asked makes sense, some of these concepts are hard to put into words.

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tobym333
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From the way you put things into words, im sure your understanding is much better than mine of the blog and concepts within but i find targeting to be an issue for many that read or have read the blog. For instance, if retracing a leg down and you hit a leg untested from a valley on the left, what should you target? The previous peak to your left, the candle to the left of its high, its high wick is support that was gained correct? Also one issue i face is knowing what can not be gained or lost within a move, or you know it is going to the leg start? At whst time do you know with certainty that a new low or high will be made? What exactly do you pay attention to as far as a specific candle or area/congestion within a move? Hopefully some of what i asked makes sense, some of these concepts are hard to put into words.

Biggest thing is fitting the legs together from the significant high/low . Start at the bigger and work ur way in. And zoom out. Peeps always wanna zoom in to much. If you can see each individual candle ur zoomed in to far

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tobym333
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PA Padawan View Post
From the way you put things into words, im sure your understanding is much better than mine of the blog and concepts within but i find targeting to be an issue for many that read or have read the blog. For instance, if retracing a leg down and you hit a leg untested from a valley on the left, what should you target? The previous peak to your left, the candle to the left of its high, its high wick is support that was gained correct? Also one issue i face is knowing what can not be gained or lost within a move, or you know it is going to the leg start? At whst time do you know with certainty that a new low or high will be made? What exactly do you pay attention to as far as a specific candle or area/congestion within a move? Hopefully some of what i asked makes sense, some of these concepts are hard to put into words.

Regarding your question about targeting, if you were going up a leg down you should be focusing on the peaks, what that peak lost. Not the valley . Valleys are important yes, but InContext, when you smack you turn around and follow the move up that Brought you to where you smacked and find what you gained on that move up, then look left to the primary leg for context.

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Biggest thing is fitting the legs together from the significant high/low . Start at the bigger and work ur way in. And zoom out. Peeps always wanna zoom in to much. If you can see each individual candle ur zoomed in to far

Good point !!! I am guilty of that one. It is to easy to get sucked in to the little details in trying to perfect things. Part of the learning curve I suppose. I appreciate the quick responses, you seem like you know what your talking about. Am busy tonight but will attempt to post some charts on this application with some questions possibly tomorrow. I will try and think of some specifics. past price action of course. Not looking for handouts just wanting to learn.

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PA Padawan
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so it hit the leg start, hit what the previous low had to gain and failed but recaptured it on the second try. If it had not recaptured that 1977.5 the down move would have continued. So something I am working on is knowing what can or can not be gained or lost so I am on the right side of a trade. Why I like to pay attention to lows and what they had to gain and highs what they lost. Also picking up on moves where say you go short at what a high lost but you are in a strong up trend and price pushes past and your stopped out above the high. Price typically comes back to what that high lost and pops hard to continue its up move. Also the same for a down trend and you go long at what a low gained but it pushes through. It often pops back up to what the low had to gain then drops hard to continue its down move. I feel that I am paying attention to the right spots, but feel free to correct me if I am not understanding completely. Thank you in advance for your responses.

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PA Padawan
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and while its still fresh in my mind, if your in a down trend and you take that long at what the low gained but price pushes through, makes a new low but comes back to the low where you initially took the long, that gets the test of that significant area out of the way, so when trend eventually reverses, that area is already tested and will likely bypass it momentum pending. Have a great wknd , talk with you soon.

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tobym333
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First , always start from the bigger . Always! And you will the significance of 1968 and why we ripped . It's a weekly level and former leg start. So a new weekly high was on tap.

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PA Padawan
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ya your right, the support to the high of September back in 2014. The now set it up perfectly for that reaction.

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 jz166 
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other than the first touch R/S, does he talk about how he trades when price approaches R/S?

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 TheTradeSlinger 
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other than the first touch R/S, does he talk about how he trades when price approaches R/S?

Theoretically, one would be long as price approaches R and short as price approaches S.

If not in a position, one would wait for the market to 1st touch or go through the level before taking a trade.

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 TheTradeSlinger 
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Bartly View Post
Hows it going with KT? Was researching how to understand/integrate the bigger TF (weekly) with the smaller and found a post of yours with another person where you shared a chart and it was stated to use the bigger TF always. I need some clarification on when to use daily vs the weekly legs etc.

Are you still open to sharing insight from KT?

Don't think of it as daily VERSUS weekly, think of it as how can one incorporate both into one's analysis. The various timeframes don't "fight" each other, they are all intrinsically intertwined.

Use both, use all timeframes for that matter, to try and decipher what price is doing and where it may be headed.

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depeshmode
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Don't think of it as daily VERSUS weekly, think of it as how can one incorporate both into one's analysis. The various timeframes don't "fight" each other, they are all intrinsically intertwined.

Use both, use all timeframes for that matter, to try and decipher what price is doing and where it may be headed.

Hello i get what you are saying, but i struggle finding those sig levels. i really wanna learn how to look at candles in the price action in order to find them. can you give me some examples of how to find them?

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tradernurse
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Biggest thing is fitting the legs together from the significant high/low . Start at the bigger and work ur way in. And zoom out. Peeps always wanna zoom in to much. If you can see each individual candle ur zoomed in to far

Can you elaborate on this?

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Eug911
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Anyone using this profitably? Do you put on limit orders and play the first touches or do you wait for the bounce and only enter after based on price action?

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Eug911
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Looks like the blog is now invite only. I was working though it for the second time now and really getting into the material more and more. Does anyone have any way of accessing the information?

Thanks,
Eugene

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StopHunter
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What draws you to this particular method versus others you've studied?

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Eug911
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What draws you to this particular method versus others you've studied?

I have been watching markets trade and making my own observations and what I mostly noticed was how price would react to certain levels. I was watching the lower time frames and missing the big picture of what was actually going on. This blog helped me understand the importance of the larger time frames, it helped me understand momentum, how to read it and what it means and also, what distribution and accumulation looks like.

I am still struggling with connecting the price action between the different time frames, and identifying the leg starts properly where the accumulation / distribution targets.

It would be great to be able to connect with others using this method and possibly get access to the material again.

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1zach4
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Eug911 View Post
I have been watching markets trade and making my own observations and what I mostly noticed was how price would react to certain levels. I was watching the lower time frames and missing the big picture of what was actually going on. This blog helped me understand the importance of the larger time frames, it helped me understand momentum, how to read it and what it means and also, what distribution and accumulation looks like.

I am still struggling with connecting the price action between the different time frames, and identifying the leg starts properly where the accumulation / distribution targets.

It would be great to be able to connect with others using this method and possibly get access to the material again.

I have a PDF of the entire blog

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Eug911
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I have a PDF of the entire blog

Would you be willing to share it via email?

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 Don Laing 
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I have a PDF of the entire blog

I would like a copy of the log if you are willing to share also

Don laing

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skrapposten22
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I have a PDF of the entire blog

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

You can also use webarchive to access parts of the blog, but it's a bit inconvenient.

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Maricas69
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I have a PDF of the entire blog

In my opinion, the target would be the support/resistance UNTESTED. Momentum is built, (bearish/bullish) through the moving to resistance or support levels to test them, thus eliminate them as possible support/resistance points so the higher time frame(s) can move to whats important to them and untested and react and go to the opposite.

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Maricas69
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I understand how to locate and trade the first touches as they have very high probability, but is there a way to know how big the Pop/drop would be? Whe it pops/drops because of a news event it often disregards all of the levels, how does one know how far the Pop/drop move will take us?

to the support or resistance untested

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Maricas69
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other than the first touch R/S, does he talk about how he trades when price approaches R/S?

I would think that would depend upon your skill level, trading style etc. Would expect in order to react at whats important to the higher time frame(s), for momentum to start slowing on the lower time frames through the process of using whats in between the next support/resistance on the higher time frame(s) of importance, the next target, to test/eliminate what the current move will be above/below, so when next target is hit, it can react and go to the opposite, untested.

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Maricas69
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I would think that would depend upon your skill level, trading style etc. Would expect in order to react at whats important to the higher time frame(s), for momentum to start slowing on the lower time frames through the process of using whats in between the next support/resistance on the higher time frame(s) of importance, the next target, to test/eliminate what the current move will be above/below, so when next target is hit, it can react and go to the opposite, untested.

SO one could scalp/daytrade that process, price movement to that spot.

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Eug911
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Thanks for reviving this thread. What are your thoughts on Tick vs CVB vs Time charts to evaluate momentum as we approach levels?

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Tra8er00
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Maricas69 View Post
I would think that would depend upon your skill level, trading style etc. Would expect in order to react at whats important to the higher time frame(s), for momentum to start slowing on the lower time frames through the process of using whats in between the next support/resistance on the higher time frame(s) of importance, the next target, to test/eliminate what the current move will be above/below, so when next target is hit, it can react and go to the opposite, untested.

Thanks for the posts. Sounds like you know a thing or too about the method..

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Eug911
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I dont even think there was a method outlined. It was just an explanation of how the liquid futures markets move. The method is to be made on your own.

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Maricas69
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Thanks for reviving this thread. What are your thoughts on Tick vs CVB vs Time charts to evaluate momentum as we approach levels?

I would think thats where one would see change happen first and see how thats impacting the adjacent higher time frame(s) and where it is on them.

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Tra8er00
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I dont even think there was a method outlined. It was just an explanation of how the liquid futures markets move. The method is to be made on your own.



Sorry, let me clarify. My post wasn't directed at what Maricas69 posted but in writing that, i can tell that they know what they are talking about.

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Eug911
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I would think thats where one would see change happen first and see how thats impacting the adjacent higher time frame(s) and where it is on them.

Do you mind sending me a PM? I tried you but you cannot receive them.

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Maricas69
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Do you mind sending me a PM? I tried you but you cannot receive them.

Can you tell me why?

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


Thanks

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Eug911
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Can you tell me why?


Just wanted to chat about trading and kewltech and I am also originally from Toronto as well.

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Eug911
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Can you post that here in this thread as an attachment?

Thanks



Post removed

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mattwj
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hi i too have been learning kewltech, have you had any success? but the journal is blocked? do you know why? thanks

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Eug911
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Can someone shed some more light on leg starts...vs retracements?
Do retracements go to the leg start usually?

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Maricas69
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Can someone shed some more light on leg starts...vs retracements?
Do retracements go to the leg start usually?

I would think a retracement would also be a leg/trend?

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Maricas69
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Can someone shed some more light on leg starts...vs retracements?
Do retracements go to the leg start usually?

think gave my opinion on that matter already. would pay attention to support or resistance UNTESTED IN THE MOVE/leg being retraced RIGHT NOW and also is important to the move on the higher time frame that gave the H/L of importance.

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Eug911
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Just to clarify what a up leg start is, it is not the lowest point of the move (reversal) but rather the last lost support before the low point and then we have to regain this lost support as a support new level, and this is the official "Leg start". Is my understanding correct?

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 saakbar 
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How do you access the blog?

I get a link saying permission denied.

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Eug911
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How do you access the blog?

I get a link saying permission denied.



There used to be a few blogs all discussing this method of market analysis but they all went private in the fall of 2017. No idea how to access them. I guess its valuable information so I can see why its private.

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Maricas69
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Just to clarify what a up leg start is, it is not the lowest point of the move (reversal) but rather the last lost support before the low point and then we have to regain this lost support as a support new level, and this is the official "Leg start". Is my understanding correct?

No matter the time frame a move starts from where support is captured/lost. So the lower the time frame the more moves/legs one will find. So one wants to fit what they see on the lower time frame(s) with the higher time frames. By doing so one can eliminate some cos since a low or h was made, levels/moves/legs and in the CURRENT MOVE/LEG A TEST OF THAT LEVEL, A LEG OCCURRED AND THE PROCESS TO COME UP FROM SUCH LEVEL (down for a down move) exhausted levels of S ( R levels for a down move) that were not just important to the current move/leg but important to the move that gave the important H/L on the higher tf n its CURRENT MOVE/LEG.

Whats in between will be used to shift/control the momo of the CURRENT MOVE SO when it hits an UNTESTED LEVEL OF R or S in the current move/leg and also important to the higher tf move/leg(s) to/ from the important H/L of the higher time frame(s).

The lower time frames helps to see the shifting of the current move momo, with precision of the levels of interest and by fitting w the higher time frame, whats being tested thats important to the higher time frame(s)

Hope this helped

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Eug911
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Maricas69 View Post
No matter the time frame a move starts from where support is captured/lost. So the lower the time frame the more moves/legs one will find. So one wants to fit what they see on the lower time frame(s) with the higher time frames. By doing so one can eliminate some cos since a low or h was made, levels/moves/legs and in the CURRENT MOVE/LEG A TEST OF THAT LEVEL, A LEG OCCURRED AND THE PROCESS TO COME UP FROM SUCH LEVEL (down for a down move) exhausted levels of S ( R levels for a down move) that were not just important to the current move/leg but important to the move that gave the important H/L on the higher tf n its CURRENT MOVE/LEG.

Whats in between will be used to shift/control the momo of the CURRENT MOVE SO when it hits an UNTESTED LEVEL OF R or S in the current move/leg and also important to the higher tf move/leg(s) to/ from the important H/L of the higher time frame(s).

The lower time frames helps to see the shifting of the current move momo, with precision of the levels of interest and by fitting w the higher time frame, whats being tested thats important to the higher time frame(s)

Hope this helped

That makes sense, thank you. So the highest probability trades are against untested levels that correspond with leg starts (up or down) of significant high / low, and we should see slowing momentum on lower timeframes as we approach these. Momentum gets slowed by the rotation of going through the less significant s/r levels along the way which can be found on the leg to the left of the current one. It's also possible to scalp the rotations on the way to the untested leg start levels but its less probability and lower R/R... Am I understanding this the right way?

I appreciate you taking the time to discuss this.

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Maricas69
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Eug911 View Post
That makes sense, thank you. So the highest probability trades are against untested levels that correspond with leg starts (up or down) of significant high / low, and we should see slowing momentum on lower timeframes as we approach these. Momentum gets slowed by the rotation of going through the less significant s/r levels along the way which can be found on the leg to the left of the current one.... Am I understanding this the right way?

I appreciate you taking the time to discuss this.

One always wants to pay attention to the UNTESTED levels of S/R in the CURRENT move/leg that are important NOT JUST TO IT but also to the move that gave your important low/high on the >= higher intraday time frames. what had been lost to get to the low n thus it had to capture/regain to go up from it and for a high what had to be captured to get to it from S n it lost to come down from it.

As one develop their skill set and understanding how the next move has to setup, one will know what will see BEFORE R or S is it hit thats important to NOT JUST the CURRENT MOVE but the one that gave the H or L of importance of the CURRENT HIGHER TIME FRAME(S) MOVE/LEG !! How momo is shifted thru process of testing what will be captured or lost n how those tests to come down/up from where R or S was found respectively, how what will be lost from that R or captured from that S, the test and what it will lose from R or captured from S, is being tested in itself and thus there is no S or R there n will be lost/cleared. the key is always fitting the now and move being retraced now IF IT DID NOT GIVE YOUR H/L OF IMPORTANCE to the move/leg that DID! thats how one can figure out whats going on w the CURRENT MOVE's MOMO and if it has the next important target, the NEXT leg/move UNTESTED and if it just going thru the process of getting there cos of the momo of the move/leg that took it the recent h or l and whats is in between UNTESTED and having to go to the opposite UNTESTED and then repeat the process before making a new h/l of the CURRENT MOVE/leg !!!

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Maricas69
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Eug911 View Post
There used to be a few blogs all discussing this method of market analysis but they all went private in the fall of 2017. No idea how to access them. I guess its valuable information so I can see why its private.

I am curious. What other blogs? Could you list please?

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Maricas69
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found this link..may help those looking for info on Kewltech blog... archive.is/emL4h

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 olobay 
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Maricas69 View Post
found this link..may help those looking for info on Kewltech blog... archive.is/emL4h

https://web.archive.org/web/*/kewltech.blogspot.com/

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Eug911
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I am curious. What other blogs? Could you list please?

There was this blog https://www.allinthechart.com/ which I started following in the summer. Now its closed to the public. The guy had a much better knack for explaining the material then the original kewltech blog.

There is also the old Spaztik stock planet blog which had some useful info there too.

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 cory 
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Eug911 View Post
There was this blog https://www.allinthechart.com/ which I started following in the summer. Now its closed to the public. The guy had a much better knack for explaining the material then the original kewltech blog.

...

interesting

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Maricas69
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Eug911 View Post
There was this blog https://www.allinthechart.com/ which I started following in the summer. Now its closed to the public. The guy had a much better knack for explaining the material then the original kewltech blog.



There is also the old Spaztik stock planet blog which had some useful info there too.

Re All in the charts. From what have been told, just redressing whats been covered in prior blog to make a dollar but misses the mark. Got idea from another who drank from same cup but also missed the mark.

So best imo to read original info, disect and take away from it WHAT YOU DECIPHER and run with it.

Sad fact is that it is a common theme re lots of charlatans in financial markets because of the $$$ that can be made so there is a never ending supply of possible victims!

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 TheTradeSlinger 
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I have quite a few journal entries discussing kewltech ideas on my price action trading journal PriceBasedTrading.com.

(Note: there are no ads, nothing for sale and never will be anything for sale there. PriceBasedTrading.com is my personal live futures trading journal).

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Eug911
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my biggest hurdle right now is trying to understand the progression and what is to be tested next. Usually levels from the leg we are retracing come into play but sometimes its levels from the previous leg which kind throws me for a loop. I am studying the 1 hour charts on CL trying to piece it together, unless there is no logic in the progression but something tells me there is.

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Maricas69
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my biggest hurdle right now is trying to understand the progression and what is to be tested next. Usually levels from the leg we are retracing come into play but sometimes its levels from the previous leg which kind throws me for a loop. I am studying the 1 hour charts on CL trying to piece it together, unless there is no logic in the progression but something tells me there is.

Its always in the CURRENT MOVE/Leg NOW and the move/leg being retraced NOW N HOW IT FITS to/from CURRENT IMPORTANT H/L if those didnt give the IMPORTANT H/L. Just whether ITS BEEN TESTED IN THE NOW or tested in the process of moving from R to S or from S to R n what that did to momo. Built Bearish or bullish momo. Thats what MOST MISS OUT ON. ONCE S OR R IS FOUND, HOW DOES IT FIT W THE BIGGER TF n what has to happen or HAS TO HAVE HAPPENED because of the momo of the move GENERATED BY MOVING TO THAT R OR S N EACH TIME THEREAFTER.

IMO really need to understand how trend/momo works and what really is S/R.

Good luck w your trading

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Maricas69
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Eug911 View Post
my biggest hurdle right now is trying to understand the progression and what is to be tested next. Usually levels from the leg we are retracing come into play but sometimes its levels from the previous leg which kind throws me for a loop. I am studying the 1 hour charts on CL trying to piece it together, unless there is no logic in the progression but something tells me there is.

LEARN to use the DIFFERENT TIME FRAMES TOGETHER, dont be fixated on one particular time frame!! Said too much already. Bon Chance

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 TheTradeSlinger 
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Eug911 View Post
my biggest hurdle right now is trying to understand the progression and what is to be tested next. Usually levels from the leg we are retracing come into play but sometimes its levels from the previous leg which kind throws me for a loop. I am studying the 1 hour charts on CL trying to piece it together, unless there is no logic in the progression but something tells me there is.

Post some charts and what you are looking at and we can all go over it in the thread together.

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Eug911
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Post some charts and what you are looking at and we can all go over it in the thread together.

Ok... Here is my analysis for GC for March 20th day.

60 min Chart



1000 CVB Chart



I see a possible test of the 1314 area and support to be found there. It's a historical level that's been in play over the last couple of weeks. Also it looks like its the leg start of this last retracement. Should provide support on first test.

Now in regards to what level to target, this is where I get confused. The next untested support lost from the intermediate leg (Pink Dashed Line) is 1333.5 but there a lot of tested levels on the way which may still provide resistance. I guess this is where the decision needs to be made whether to scalp or not.

Let me know what you guys think of this analysis.

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Maricas69
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Eug911 View Post
Ok... Here is my analysis for GC for March 20th day.

60 min Chart



1000 CVB Chart



I see a possible test of the 1314 area and support to be found there. It's a historical level that's been in play over the last couple of weeks. Also it looks like its the leg start of this last retracement. Should provide support on first test.

Now in regards to what level to target, this is where I get confused. The next untested support lost from the intermediate leg (Pink Dashed Line) is 1333.5 but there a lot of tested levels on the way which may still provide resistance. I guess this is where the decision needs to be made whether to scalp or not.

Let me know what you guys think of this analysis.

did you fit FIRST w low made since 2018H and then fit that low w move to 18 h FIRST then with move to/from 16H n to/from 2015L, THE CURRENT SIG L of CURRENT BIGGER move, the one that gave the 2015L and subsequent H of 2016. You will notice how it fits w move to the all time high. That will aide with figuring whats happening NOW. hint its cos of momo of moves to /from 15L and in process to go to 18H what its cleared n since lost UNTESTED IN the NOW. it couldn't stop above 1307 once 18h was made because of what was happening once hit 1323 n when found S after that level being hit and the process to come up from that what it was testing/exhausting that was NOT JUST IMPORTANT to the move to the 18H but important to move to the 2016H n move that gave the 2015L and it had previously lost to go to it and obviously to the move to the ath.

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Eug911
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Maricas69 View Post
did you fit FIRST w low made since 2018H and then fit that low w move to 18 h FIRST then with move to/from 16H n to/from 2015L, THE CURRENT SIG L of CURRENT BIGGER move, the one that gave the 2015L and subsequent H of 2016. You will notice how it fits w move to the all time high. That will aide with figuring whats happening NOW. hint its cos of momo of moves to /from 15L and in process to go to 18H what its cleared n since lost UNTESTED IN the NOW. it couldn't stop above 1307 once 18h was made because of what was happening once hit 1323 n when found S after that level being hit and the process to come up from that what it was testing/exhausting that was NOT JUST IMPORTANT to the move to the 18H but important to move to the 2016H n move that gave the 2015L and it had previously lost to go to it and obviously to the move to the ath.


I am a bit confused. I know its a lot to ask but it would be really helpful, if maybe you can show a weekly / daily chart with what you are talking about in this paragraph. Maybe illustrating which levels you feel are important and why. I can understand the shorter timeframe charts because I can see them evolve in real time and have lots of time watching them but the bigger weekly and daily just confuse me a bit.

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Maricas69
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Eug911 View Post
I am a bit confused. I know its a lot to ask but it would be really helpful, if maybe you can show a weekly / daily chart with what you are talking about in this paragraph. Maybe illustrating which levels you feel are important and why. I can understand the shorter timeframe charts because I can see them evolve in real time and have lots of time watching them but the bigger weekly and daily just confuse me a bit.

Think what I said is enough. When you follow the current move being retraced now, fit w move to and from 2015L and then move to 2011H. The move to the 2015L is the CURRENT BIGGER MOVE BEING RETRACED and the move from it gave the recent important H. It hit what was lost UNTESTED TO INITIATE THE NEXT MOVE DOWN AFTER S found in 2013L n subsequent move from it cleared then lost and after what that move from 2013L captured UNTESTED WAS EXHAUSTED. THE subsequent action til it was breached was due to the momo to the upside, it generated n the reaction from it lost that was also important for it to lose to give the 13L before heading breaching the 2013L n head to the 2015L.

So the action you see since 2015L is due to what it hit and captured by going to the subsequent H of 2016H, the momo generated by that move and what was also important to the bigger move that gave the 2011H and is in the current move its in now n being retraced now n UNTESTED! THE CURRENT MOVE AND 1 BEING RETRACED NOW GIVES ONE THE PRECISION AND LETS YOU SEE WHATS going on w the momo, where it is in relation to the move that gave the 2015L n move to 2011. Where it is in the process of testing of whats in not just the now but in relation to the move FIRST TO/FROM 2015L THEN W MOVE TO 2011H and when it moves to S or R from the opposite what that does to the short term momo n whats untested by doing so and how has to move.

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Maricas69
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Eug911 View Post
I am a bit confused. I know its a lot to ask but it would be really helpful, if maybe you can show a weekly / daily chart with what you are talking about in this paragraph. Maybe illustrating which levels you feel are important and why. I can understand the shorter timeframe charts because I can see them evolve in real time and have lots of time watching them but the bigger weekly and daily just confuse me a bit.

The pops you see before lod was the process to generate short term bull momo by exhausting levels of resistance so when it captures what was last lost it can bypass whats TESTED AS POSSIBLE LEVELS OF R..JUST 1323.3-23.7 ISNT TESTED. So below 29.7 must be exhausted

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 TheTradeSlinger 
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@Maricas69,

Can you do a breakdown of the ES market in the same manner you did the GC market?

You have an incredible insight into kewltech: levels, legs, momentum, and tested/untested.

Thanks!

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Maricas69
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@Maricas69,

Can you do a breakdown of the ES market in the same manner you did the GC market?

You have an incredible insight into kewltech levels, legs, momentum, and tested/untested.

Thanks!

Not necessarily Kewltech levels..just saw some posts on subject and looked and its basically how mkts, whatever it is, be futures, fx, individual stock etc moves. By moving to S or R what that does to momo and what MUST HAPPEN EITHER BEFORE OR AFTER ITS HIT to shift/reverse momo so it can react and go to opposite

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Eug911
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Here is my understanding of the Longer term trend / progression for GC.

Daily Chart shows these last tests at 1362 as us testing for the third time the Support that we failed to gain back in 2016 highs. We have been testing this area with less momentum each time.





We still have the leg start on the lows of 2015 untested. So its possible that we will go down there at some point.

I am thinking that if momentum starts waning, the leg start of the last leg down on the intermediate time-frame at 1350 should provide a good down move which may even take us to new lows below the 1307 level.





Am I getting the right idea here with bringing in the longer term trend / time frames?

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Maricas69
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Eug911 View Post
Here is my understanding of the Longer term trend / progression for GC.

Daily Chart shows these last tests at 1362 as us testing for the third time the Support that we failed to gain back in 2016 highs. We have been testing this area with less momentum each time.





We still have the leg start on the lows of 2015 untested. So its possible that we will go down there at some point.

I am thinking that if momentum starts waning, the leg start of the last leg down on the intermediate time-frame at 1350 should provide a good down move which may even take us to new lows below the 1307 level.





Am I getting the right idea here with bringing in the longer term trend / time frames?

3xs where in the move u r retracing NOW? I see once Bk in aug 16 SINCE 16H N NOT IN MOVE FROM 18H... what i remember viewing from my cursory view of blog YOU MAY WANT TO READ THAT PART AGAIN!

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Eug911
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What is BK?

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Maricas69
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Eug911 View Post
What is BK?

Bk = back

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