I've been in the trading game since 2007. Out of all the concepts I've studied, Kewltech has been the deepest and most frustrating rabbit hole I've ever ventured down. What is strange though, is I keep returning to the concept of progression, momentum and legs, support lost and gained, even if I've ventured off to look at other trading styles. Kewltech has such an captivating beauty to it. Many have failed to master it, falling at the first hurdle of turning everything into a MACD divergence buying/selling opportunity. But having been in communication with some of the original guys a few years ago and listening to them talk I'm utterly convinced it's the real deal. After years of banging my head against the wall, I've started to fit a lot of the jigsaw pieces together. They always say, "Progression is the hardest part to learn", it's true but it's not that complex once you have a robust understanding of what trend is, what momentum is, what support is and resistance. Progression is really just does two jobs. It turns the market around (like an cargo ship it takes some time) and it does so by clearing the path by pushing at the support/resistance points that were part of the trend you just traded through. I'd like to document some of my journey here and bring Kewltech back to life. The blog isn't around anymore for many people - and it is a complex read, much of it doesn't make sense. I have made progress by leaving it alone for long periods of time, learning other concepts and subjects from different angles and then returning to re-read the blog again. This is how I've made progress. I've had some big leaps forward. The biggest in the last year was to stop trying to learn Kewltech on 5min charts and tick charts! I'll kick off with CL - actually it's just the spot rate in MT4 - but it will do. Let's see how it does.
You're still short CL ? Never heard about Kewltech But sounds like decent concepts. Found this link https://archive.ph/nK2XD
.... and bring Kewltech back to life. _____________________________________________ That sounds rather scary unless Kewltech is your mentor or someone you know personally. There are some members who hero-worship Professional talkers/writers. and they treat them like trading deities. No matter how famous/popular the professional talkers/writers are, it is better to develop your own holy grail. It takes just a few weeks to be a professional talker/writer. It takes a few years / decades to be a professional trader. I presume you are a swing trader. All the best mister.
So far so good - that last resistance to the low has popped nicely. Didn't quite get to 83.49 on the spot rate. But close enough. This should now clear the way for the bigger picture timeframe to rally up and take 97.64. The weekly should take over from that point. The biggest lesson I've learned is to stop trying to trade Kewltech on tick charts. Just play the big moves on the daily and weekly. Much easier.
Hello I am also a KT practitioner. It’s taken many years but it’s finally starting to make sense. I definitely had to do some of my own thinking but I think that was the intention of the author. I feel close to cracking it because I can anticipate the moves and levels but I don’t trust myself fully. My brain struggles with the idea that it could be this simple…
Hello! Good to read there are other KT fans out there. Yes, I've certainly developed over the past few years and putting the final pieces of progression together. The biggest help has been to stay focused on the bigger timeframes. The downside is learning slows down so that in itself takes longer. I misjudged my crude oil a little but only by one support level. The read was still correct. The progression over the last 3 or 4 days I have not been able to understand as clearly but after yesterdays push higher I can see the overall read is right. In Oil now we should see the momentum in the weekly rally up from 62.43 which started on the 28_11_2021 kick back in and we should now, I think, push above 97.64 before looking for a drop back down. From here on the weekly I believe we will start a bigger picture progression phase.