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You've got to be able to apply all of this in a practical way which I was never really able to do effectively. I ran across another guy who doesn't trade kewltech but some of the elements are the same and I've actually been able to apply them in my trading, so I signed up for his mentoring and hang out in his chat room during the day now
Not sure if Spot is allowed in here but this was a quality example of what I'm currently struggling with. In the first chart you have the simple downtrend; lose support, run-down to next un-tested S (still trying to understand how to find these areas to play both ways) but the key part is just retesting support lost, then continuing to new lows and so on so forth which is clear as day in that first picture at-least to me.
But in the second picture you have the larger leg up, where it held S. Would going short based on the first bad be a bad idea since we held the lows on the higher time-frame? Just trying to get a better idea of knowing what kind of momentum is in play and if the short game is still valid.
Sorry if this is a bit scattered but that's really where the holes are in trading for me.
Here's /ES, same thing. You have the HTF daily levels (2737 & 2700) but you still couldn't get above prev S on the 4HR leg down in the second picture. Just trying to understand how to put both time-frames together.
The basics of the methods are explained properly in the videos, but as you implied knowing the method is different than executing the method. Also yes, I am aware of videos 2-4 and that person's (aka CJP84 or CJP) sketchy/poor history from posts on reddit. At least those videos (2-4) explaining Kewltech's method in these videos are sound, and good enough to understand Kewltech's method better so I believe there's value from that, and for building one's own method. Note that video 1 is from a different person and displays the basics of Kewltech's ideas in its simplest form and is only 15 minutes long, and should help newbies get an idea of the basics of the method.
Personally, I don't rely on indicators that much like the MACD, and I tend to use RSI/sRSI as secondary confirmation of what I see on the chart. Indicators, as Kewltech suggests, & IMHO, are useful, but should not be used as a crutch i.e. use it to assist, but not to rely on. I do find, however, spotting divergences to be fairly robust for me though.
In any case, if anyone in this thread have videos that shows skillful execution Kewltech's ideas feel free to post them; I think it would be extremely valuable for the group and for beginners to see them as Kewltech's method isn't really that difficult – he's wordy, and I think that's where people get confused, but the basics of the method are simple and that's the value of video trading. The videos I listed at least provide a good base for building interest in the method, and getting a decent to good idea on how people do it .
The basics of this whole "method" are not unique to the Kewltech blog. The method is what investment banks/proprietary trading desks call micro and macro trend structure.
All truly successful methods of trading will employ the same basic understanding of structure in the markets, but I for one am tired of the Kewltech overlords trolling everyone that trades a price action/structure-based approach and saying they "stole the idea" or are "plagiarizing kewltech"
Get over yourself. Only an egomaniac would think they came up with something new as it relates to market structure. The best "kewltech" traders I know came up with their own strategies or were micro/macro structure traders before they ever heard of kewltech.
I don't see John Bollinger running around Twitter trolling people with Bollinger Bands on their charts, and he actually created Bollinger Bands. Kewltech = market structure = not proprietary = not an original idea
Also, who cares who you learn from, as long as you make money. The entire point of this business is to make money. My mentor has been trolled by Kewltech people before, but he doesn't care because #1: he has no idea who/what kewltech is and #2: his job is to make money, not worry about random people on the internet
I wish you all the best, but I'm officially jumping off of the kewltech bandwagon. There are other people that know how to trade market structure, and they don't have ginormous egos.
I know these videos are of dopetrades talking about trading charts. Why have you included him with kewltech? As zach said, this is just simple market structure being explained. Also, I used to watch dope stream and I never saw him blow up his account. I did see him lose money in a couple of bad streaks, but blow up? If he has no idea what he is doing, then how does he know/cover key points that you learned from a profitable trader? Did you learn from him? Dope accurately called the bitcoin crash from like 15 or 16,000. That's how I found out about him. Are you suggesting that he got lucky? Really though, I don't see how this has any relation to kewltech.
Did I suggest he got lucky? No. I've watched him stream plenty of times. He doesn't lose because he doesn't know market structure, he loses because he doesn't manage risk properly.
I don't care if he's related to kewltech or not, I want nothing to do with that crew, but I can point out his poor trading skills.
Trading knowledge does not = trading skill
and being able to "call" trades does not = being able to execute.
Please leave me out of further kewltech conversation, I'm perfectly happy with my trading and don't want the hounds of kewltech being sent after me for writing on a message board.