Key Reversal & Key Continuation Days

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***FX-JEDI***
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Postby ***FX-JEDI*** » Sun Jun 21, 2009 12:51 pm

Thanks for the info Monolisa,
Thats something i will do soon is donate to TRO so I can get these goodies.. :-)
so many things to do so little time...lol
Regards FX-JEDI
Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

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Postby TheRumpledOne » Mon Jun 22, 2009 10:00 pm

Thanks.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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***FX-JEDI***
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Postby ***FX-JEDI*** » Wed Jun 24, 2009 1:21 pm

The KR's are working nicely!!! :D
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***FX-JEDI***
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Postby ***FX-JEDI*** » Wed Jun 24, 2009 1:22 pm

No worries TRO
Thank you kind sir....
The KR's are working nicely!!! :D
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Humble
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Postby Humble » Thu Jun 25, 2009 12:20 am

Yes they are. I notice you are not using the indi? I notice sometimes price responds off the 1st kr bar sometimes it takes several, do you place your sl just behind the first s/r that forms?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby ***FX-JEDI*** » Thu Jun 25, 2009 1:00 pm

Hi Humble.
I have plenty of charts open & didn't have KR indi on ones I took screen shots of. Many thanks to TRO once again.
I like to trade KR's off smaller time frames for entry see post pic for examples, I wait for price to retrace, so yes sometimes this might take a day for price to retrace down to a fib level, pulled from the KR day. some days if market is strong price will not retrace much & if you wait for a retracement you may not get it...
If you know what you are doing, then you could ride the retrace down to the fib levels, but no guarantee price will retrace much..
I screen shot note there is a 30 min KR at day hi, this you could ride down a bit, same for the multiple hammers for bearish Kr you could ride price up to the retracement level. then short it as shown in pic.

Regards ***FX-JEDI***


***Notes for pic.
Bullish KR Day
Price didn't quite make it down to a fib retracement level, however it was above 2 trendlines, & just above a whole number, when I see this Trendline convergence & price falls into it. I like to mentally think the price is "trapped" & technically it just has to much support there, & price bounces off this area, (I believe price follows path of least resistance, as like water, electricty, humans, wind etc..), also giving a nice Hammer candle to trade off, which just happens to be a KR on the 30 min candle look how explosive the next 30 min was. so entry at start of next candle after bullish hammer. entry would be 1.6435 or you could do a limit entry order halfway down bullish candle formation targets B hi, 118/127 area & 161.8 level.
stop would be 10 pips below bullish hammer = 33pips or limit order would reduce that.

Anyone notice the 3 semafors at the whole numbers?? theres like 400 pips up & nearly 400 pips down, I think semafors approaching whole numbers are most powerful..
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Postby PTG » Thu Jun 25, 2009 3:33 pm

The KR bar was the reason I held on to an EU short I took after the last Sema 3 from yesterday - collected 165 pips from 1 trade :smt079 :smt026

Great stuff, thanks guys !! 8)

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Postby Humble » Fri Jun 26, 2009 2:38 am

Thanks ***FX-JEDI*** I'll use the indi.

Knowing when a sem3 is going to stick is tricky. I've been watching it with a mtf s&r barry indi, so I have a 4 hr "barry" on a 30 or 15 min chart. However you KR use of candles seems like a better way. Most here look to scalp off the Sem3 but I can not take my mind off the number of pips between two threes.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby ***FX-JEDI*** » Fri Jun 26, 2009 12:38 pm

PTG wrote:The KR bar was the reason I held on to an EU short I took after the last Sema 3 from yesterday - collected 165 pips from 1 trade :smt079 :smt026

Great stuff, thanks guys !! 8)


I see your Euro Trade PTG well done mate, you did good not getting out early, excellent result...
I'm glad my input has helped someone :)

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Postby ***FX-JEDI*** » Fri Jun 26, 2009 12:43 pm

Humble wrote:Thanks ***FX-JEDI*** I'll use the indi.

Knowing when a sem3 is going to stick is tricky. I've been watching it with a mtf s&r barry indi, so I have a 4 hr "barry" on a 30 or 15 min chart. However you KR use of candles seems like a better way. Most here look to scalp off the Sem3 but I can not take my mind off the number of pips between two threes.


No problem Humble.
I'm looking for day Hi & Low, Whole Numbers, & Fib Levels for sticking points for the "3" the 30 min chart seems to price a good run between 3's eg current Euro as posted below 200 pips down, 200 pips up...

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