newark18 wrote:Do you take all key reversal days so long as you see momentum? Or do certain key reversal days appear stronger than others because of its shape?
When I see KR days, I like to see it forming near a support line, or resistance line, yeah in a MZ or on a ZL, off a whole number is good.
There will probably be momentum/breakout in the smaller time frames, just remember to await the retrace for a bullish KR for example, very rarely will it just take off without a retrace. I look for a retrace down about 50% of the KR candle, then look to get in off support/resistance/MZ usually off a candle formation, or small TF KR's, heck I'm even thinking of just doing rat trades off it at maybe 15min TF, eg Bullish KR day just look for long rat trades on the bullish bias day current low, Bearish KR days just look for short rat trades on the bearish bias day current hi. (TRO if ur ready this close your eyes...lol) I know I know yale student.... lol
KR days I double up on lot size
"Or do certain key reversal days appear stronger than others"
When there is KR days on the major currencies like bullish on GBP, EURO, AUD & bearish on the CHF then I liking it to see a reversal, then just seeing only a KR on the AUD.
When they are at the extreme on the current time frame, then I believe they are most powerful,