Key Reversal & Key Continuation Days

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newark18
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Postby newark18 » Thu Apr 01, 2010 2:00 pm

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?
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Postby Patch » Thu Apr 01, 2010 4:18 pm

Hi pawelklos

Welcome to Kreslik, I'm glad you found this board.

I saw your post on page 6 with your screen shot. I've been thinking about how to trade 3Sema to 3Sema. More immediately I am looking for a indi to set the trend and direction of trades to be taken with the BuyZone. I began with the 3Sema. The dynamic movement of it presents a challenge.

I've look at a lot of indi's to help determine direction and 3Sema top and bottom. I like the SuperTrend indi I got somewhere and Factals with audio alert when first posted. Also MO's zones and II_SupDem.

Remember you are only trying to catch 70% of a trend. I am glad I saw this today and will look into Key Reversal & Key Continuation bars.

Patch
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Postby bredin » Thu Apr 01, 2010 8:51 pm

I saw the difinition for key reversal, but whats the definition of key continuation?

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Humble
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Postby Humble » Fri Apr 02, 2010 1:00 am

Hey B or is it G, then you could code another indi.

I think TRO started to do one for ***FX-JEDI*** but it works on the current bar rather than the last completed bar (and so gives many false signals).

For mine you became famously know when MO endorsed the workings of the Crash (cash) Zone indi. Blubbb has the greatest compliment for his CustomCandle indi (if that doesn't give a hint as to which indis to use I don't know what does) so his famousness is > yours. :oops:
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby bredin » Fri Apr 02, 2010 3:02 am

Of course blubbb is famouser than I, hes got a lot more stuff out there :) Which Makes TRO famousest....

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Postby ***FX-JEDI*** » Fri Apr 02, 2010 1:15 pm

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, :)
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Postby ***FX-JEDI*** » Fri Apr 02, 2010 1:20 pm

bredin wrote:I saw the difinition for key reversal, but whats the definition of key continuation?

G. (another one uses one of my indis? Im getting famouser)


Key Continuation Days have same definition, but look different on charts see pic below for what a Key Continuation Day is.

Cheers ***FX-JEDI***

PS maybe you can run some stats for me. I would like to see some reults of a few things I'm thinking of.
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Postby ***FX-JEDI*** » Fri Apr 02, 2010 1:26 pm

Humble wrote:Hey B or is it G, then you could code another indi.

I think TRO started to do one for ***FX-JEDI*** but it works on the current bar rather than the last completed bar (and so gives many false signals).

For mine you became famously know when MO endorsed the workings of the Crash (cash) Zone indi. Blubbb has the greatest compliment for his CustomCandle indi (if that doesn't give a hint as to which indis to use I don't know what does) so his famousness is > yours. :oops:


There is a History one which is good, puts it in a window below chart, but it is a donational indicator

"I think TRO started to do one for ***FX-JEDI*** but it works on the current bar rather than the last completed bar (and so gives many false signals)." Depends how you use it :)

see pic below of KR's at extremes on GBP/USD Monthly
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Postby Humble » Sat Apr 03, 2010 1:48 am

Nice chart FX
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby bredin » Sun Apr 04, 2010 1:24 am

***FX-JEDI*** wrote:
bredin wrote:I saw the difinition for key reversal, but whats the definition of key continuation?

G. (another one uses one of my indis? Im getting famouser)


Key Continuation Days have same definition, but look different on charts see pic below for what a Key Continuation Day is.

Cheers ***FX-JEDI***

PS maybe you can run some stats for me. I would like to see some reults of a few things I'm thinking of.


If your thoughts are along the lines of "if A then B X%" then I can probably whack it out. Statictical indis can be a pain tho given MT4s horrid object layer implementation
Most obvious is how often a KR predicts the next candle color....

G.
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