Key Reversal & Key Continuation Days

[***FX-JEDI***]

I love KR Days
I thought I would start a topic on them & hopefully trade them when I can.
I think they give me a big heads up where daily may be heading.
Cheers ***FX-JEDI***

[noone22]

What KR stands for?
And what is definition for KR?
And how do you know, that it is KR or KC?

[***FX-JEDI***]

Hi noone,

KR Day stands for Key Reversal Day

definition as below.

KR or KC same definition,
Key Reversal next day may reverse
key Continuation next may continue same direction

I will explain how to trade them next post, go look for them on daily charts GBP/JYP great bullish KR day, EUR/JYP & AUD/USD still going long 2 days after bullish KR day, ( I have AUD going to 0.8380 maybe...lol just my opinion only!!) & see how good they are especially when they sit on a fib level

[PINKPANTHER5]

Some powerful analysis there Jedi. Very well done. Man people don;t know about the candle patterns. They seem to be overlooked but they give excellent indication.

[TheRumpledOne]

TRO_MM_KeyRev



TRO_MM_KeyRev is a multimeter that displays bullish and bearish reversals on all chart periods.

FREE MT4 version TRO_MM_KeyRev, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.

[TheRumpledOne]

TRO2009_MP_KeyRev (donational) is the multipairs version.

[***FX-JEDI***]

Some powerful analysis there Jedi. Very well done. Man people don;t know about the candle patterns. They seem to be overlooked but they give excellent indication.

Thanks PinkPanther, I was taught how to trade using Fib, trend lines, support & resistance & candle formations only, & to trade only when there is a convergence of these & a candle formation is present.

I only use 4 bullish candle patterns & 4 Bearish candle patterns to trade at these convergences.

Cheers ***FX-JEDI***

[***FX-JEDI***]

Wow

Thanks TRO, man you work fast.
I was thinking of asking you if you could write an indicator to show KR days.
I guess you think we could benefit from KR days else you wouldn't waste your time...
You are the man..

I'm not sure how you coded it, I am no coder.
On the chart USD/JYP you posted, it shows Daily as a Bearish KR, in which it did finish as a bearish KR will it still show that it is a KR on monday? thats the day we look for a bearish trade at a retracement fib level from the KR days Hi & Lo on smaller timeframes.

Regards ***FX-JEDI***

[***FX-JEDI***]

How I see GBP/JYP another nice BULLISH KR DAY

[monolisa]

FX-JEDI,

Since you are a fib user, you might find the indicator FibGenerator_TRO_MODIFIED_VERSION useful for your trading. It's part of the donational indicators.