Well, if you know what levels are, you know that this will be about S/R. The misinformed have been calling moonshots all last week. What is so sad, is that whenever they call for the moon, the market pulls back. Clearly displaying lack of knowledge of S/R’s and momentum. These poor blokes, I hope they…
Tag: Momentum
KEWLTECH: Issue 053 – S/R Action
So now that we know how to find S/R’s, lets discuss how they work. One of the simplest concept to learn is the leg. Any chart pattern can be divided into specific parts. The primary distinctions will be focused on the legs of the chart pattern. A double top and a double bottom has 2…
KEWLTECH: Issue 052 – S/R Revisited
I really want to revisit this topic because while it is the most simple and basic concept in technical analysis, many traders have no clear idea what they are and how to use them. There is this one trader I know that has them backwards all together. He calls support resistance and resistance support. While…
KEWLTECH: Issue 043 – Expectation Management
Expectation ManagementYou go through life with many expectations. You start your day with some expectations. You do your work with expectations. Some people forget that expectations are not law. People become befuddled by their ruined expectations. Some people fail to adapt to changes in circumstances and become paralyzed because their expectations were not met. Traders…
KEWLTECH: Issue 042 – MACD Dawgie Style
So there was this kitty person, asking about an oscillator to use to help gauge volume. And being a eager helpful dawgie, I suggested the MACD. This rude … hmmm … (be nice) raunchy feline. =), proceeded to call me a liar and said that the MACD is price base. How rude!!! And how…
KEWLTECH: Issue 035 – Momentum Progression
Momentum progression is something people have a problems relating the market movement to. Progression as in continuation of bearish or bullish divergences. The issue really is determining what those divergences really mean and how does it relate to the price action and to do in real time. The main problem is real time assessments. Some…
KEWLTECH: Issue 023 – Moving Averages vs Levels
Moving Averages are a great tool. I’m not going to go on and on about them. It is part of my tool belt but something I rarely use anymore. Many people can sustain a good income playing them. And I’m not knocking their value and effectiveness. Utilizing them as part of your trading system is…
KEWLTECH: Issue 017 – Momentum Part Deux
In order to understand momentum you must under stand what caused it. We’ve talked about news, and divergences. Many people trade the news. Technical traders do it too but by understanding how the market sets up, prior to the public delivery of the news. Public delivery? If you had the resources of the MM’s, what…
KEWLTECH: Issue 010 – Momentum Part 1
Understanding momentum is important to the trader. Going long while the market is selling off is an example of a trader not understanding the market’s momentum. Or he was a scalper playing a pop, knowing full well it was only a scalp. MomentumMerriam-Webster Definition 2 : strength or force gained by motion or through the…