Key reversal Indicator

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roshannaidu
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Key reversal Indicator

Postby roshannaidu » Wed Mar 03, 2010 3:53 pm

Hi TRO, cannot seem to find info regarding this indicator.

Please can you tell.

1. Is it advisable to use this indicator as a signal alone or as confirmation? i.o.w. does the signal give one a statistical edge?

2. What is this indi based on ? MA? etc

Thank

ps. a link to this indicator discussion will be fine
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***FX-JEDI***
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Postby ***FX-JEDI*** » Thu Mar 04, 2010 9:17 am

Hi Roshannaidu,

Read this topic for more info on KR days.
http://kreslik.com/forums/viewtopic.php ... highlight=

Regards ***FX-JEDI***
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

roshannaidu
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Sun May 17, 2009 1:20 am
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Location: Durban
Real name: Roshan
Gender: Male

Key reversal Indicator

Postby roshannaidu » Thu Mar 04, 2010 10:39 am

Thank you FX JEDI for the link. I have gone through the tread.

With your experience using this indicator, do you think that a daily profit target of 30 pips is achievable? Using the daily chart, at the end of the day (about 15 min before NY close) can I then open a position for the next day. Is this how it would work for a daily TF?

Also,how would I use this indi on a 4 hr chart?

Thank you in advance

Roshan

ps. you can email if you wish

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