Key Reversal & Key Continuation Days

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Humble
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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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bredin
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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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Fxforce
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Postby Fxforce » Sat Nov 06, 2010 5:44 pm

Very interesting thread. Thanks FX-Jedi for your input. Will you continue it ?
In my opinion this thread is underrated and unfortunately got dead. I decided to refresh it.

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***FX-JEDI***
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Postby ***FX-JEDI*** » Mon Nov 08, 2010 1:15 am

Thanks Fxforce,

I think from now on I will post all my stuff in this thread that I started,
trades, what I'm thinking etc,

Cheers
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 Jalarupa » Mon Nov 08, 2010 4:16 am

Awesome FX! I'm keen to see what you see :D

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Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

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***FX-JEDI***
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Postby ***FX-JEDI*** » Mon Nov 08, 2010 9:04 am

Had day off work today, So got a few pips in the morning, I nearly went long where I got out just above whole number 1.6100 this morning but didn't :-(, is this level going to hold??? or is there a deeper retrace yet to be had??, had to go mow the yard so didn't really get a time to trade.

am short now tho again, see pics for reasons..
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Screenshot - 8_11_2010 , 12_53_54 PMa.png
Screenshot - 8_11_2010 , 12_53_54 PMa.png (75.93 KiB) Viewed 2190 times
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Screenshot - 8_11_2010 , 12_58_29 PM.png (92.21 KiB) Viewed 2190 times
Screenshot - 8_11_2010 , 7_54_42 PM.png
Screenshot - 8_11_2010 , 7_54_42 PM.png (77.31 KiB) Viewed 2190 times
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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***FX-JEDI***
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Postby ***FX-JEDI*** » Mon Nov 08, 2010 9:16 am

:)
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Its better to be out of the market wishing you were in,

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***FX-JEDI***
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Postby ***FX-JEDI*** » Mon Nov 08, 2010 9:47 am

exited just above whole number 1.6100, not keen on selling into support area.. got a few pips
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 Fxforce » Mon Nov 08, 2010 6:06 pm

Very nice trading FX-Jedi ! I wish I could trade as you. Now I can see that you can anticipate KR on daily chart...My trades are very rare. Look for confluence as you taught (KR, SR, LT, Fibo, whole number, etc.) and now my base chart is daily. So I need perfect setups and if I get one I wait for some retracement. Unfortunately I have no patience and don't wait for confirmation on lower TF (for instance momo and ZL, rat reversal, KR) but despite of this it seems to work for me. Usually I set limit order on Fibo level or lower TF SR. SL is another Fibo level or SR. I prefer when KR or KC days are simulatenously pinbars or engulfing patterns.

I've heard about Bredin's finding about statistical daily candles making first high when they are bearish and vice versa :D .

Cheers

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bacoazul
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Postby bacoazul » Mon Nov 08, 2010 6:19 pm

***FX-JEDI*** wrote::)

Wow man your chart looks exactly like mine.
I'm not 100% sure of how you trade, i just
trade MOMO's and higher TF's extremes,
but even the lines you draw are like mine
so i think we both are seeing the same thing.
Congratz on your trading
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