Legs can get all tangled up and can be fun. But people can muddle up legs on their charts and get all discombobulated. Lots of people say they have levels all over the place. Some would probably draw all the lines and make their charts so busy, you can’t see the candles. I don’t see…
Tag: Legs
KEWLTECH: Issue 080 – Mountains and Valleys
Valleys and Mountains are prevalent in charts. There is an old adage in the trading world where people are told not to pick tops and bottoms. Most people pick tops and bottoms out of shear speculation. What is speculation to begin with. Lets do a little dawgma. SpeculateMerriam-Webster.com Definition a : to meditate on or ponder a…
KEWLTECH: Issue 078 – Sweet Oily Legs 3
Well so far, we’ve looked at past cl moves. For the maroon, they don’t think anything of importance is being said because its after the fact. That is why they are maroons. So don’t be a maroon. There are a lot of info that is being packed in these short issues. What some people do…
KEWLTECH: Issue 077 – Sweet Oily Legs 2
Well hopefully that first primer helped you out and you are ready to embark on a mentally arduous journey of learning technical analysis. I could barely get through Stephen Hawkings, The Universe. I was up all night working on the mathematical models that he was proposing. Yes 1 single night! I really wished I could have finished…
KEWLTECH: Issue 076 – Sweet Oily Legs
Just want to walk through some things about legs. It seems that a lot of what I consider obvious, isn’t so obvious to many people. Must be my ADD. But hopefully this will help clarify some things. Really there is a lot to be known about technical analysis. But the more you know, the more…
KEWLTECH: Issue 075 – A Lesson In Accumulation
Early this morning a lot of funny people were short to China. One maroon attributed the pop to some news about Greece. Another maroon talked about POMO. We all know news is late. And if POMO is going to “manipulate” as those who were expecting a drop declared, those of us who are technical, understand…
KEWLTECH: Issue 074 – Parabolic Moves
Accumulation and Distribution view of market has made trend lines obsolete in my trading strategy. The reason is simply because I view all moves as parabolic. If you get a sense of legs also, you understand what iI mean. I don’t care to really see trend lines any more because i know the levels that…
KEWLTECH: Issue 069 – Leg Hopping
“Reference the the immediate leg for your current price action and reference that leg to the primary leg to see the bigger move”. Imagine if you knew about legs. Would it have prevented you from shorting 43. So sad how people were trying to short earlier but didn’t see that we are working to retrace…
KEWLTECH: Issue 068 – Lesson on Distribution
I love the reaction this morning when the market just dropped before the open. WTF happened they say. I love the remark afterwards. I predict a lower open. I know the guy was saying the latter in jest. But what are the technical reasons for the sell and why was it so aggressive? The distribution…
KEWLTECH: Issue 067 – How That Werk?
How come it popped? Anyone? Anyone? The 1st issue on Compartmentalizing The Price Action, we saw the action down to the 30min chart. And for some of our scalper friends and people trying to figure out the action, says: “Hey Dawg? Why didn’t you look at this in the lower time frames like ticks?” What is…