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: Progression
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…
KEWLTECH: Issue 065 – Compartmentalizing The Price Action
Technical trading is a skill. It isn’t an inherent talent. And like all skills, it can be learned and mastered. One of the skills that you will need to gain is the ability to compartmentalized the price action so that you understand how the long time frames will relate to the short time frames. The…
KEWLTECH: Issue 062 – Market Does What It Does
Earlier today a trader was commenting about the tragedy in Japan. While all that unfolding over there is not something to joke about, it is also sad that this trader was trying desperately to relate what is happening there to the market. After the market hit 1251 early today, he remarked how can the market…
KEWLTECH: Issue 061 – Going Down The Leg
When you’re going down the leg there is nothing to look at but the leg that took you up. The leg up has interesting levels in between. This 1600tk chart describes the leg that took us to the previous high. There has been distribution. We sell and bounce at 27.5, now in order to change…
KEWLTECH: Issue 060 – Impaired Trading
Impaired traders are easily identified. They talk in technical terms but have limited their capabilities significantly. They are always waiting on “confirmation”. Waiting for the “break out signal”. I know about those things because I used to do it. Why are they “waiting on confirmation”? Generally, these statements are from people who do candle to…
KEWLTECH: Issue 054 – Raid Awareness
World of Warcraft came out with Cataclysm. Its fun!! One of the skills you need to play WoW is known as “Raid Awareness”. In a raid, a lot of things happen as the fight progresses. You need to know when to move and position your character, when to stop your attack, when to interrupt an…
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 046 – GOOG POP
How? The progression shows accumulation. enuf said.