14 replies to this topic

[The End]

Nasdaq Key Reversal Day

Sigh...this is NOT a key reversal bar, it's a simple outside range day.

There are very strict rules for this to be considered "key".

In any event, today's bar does suggest a down close on Thursday.

Fib

It was a key reversal day Sir.

[fib_1618]

It was a key reversal day Sir.

Of course it was...silly me, you would think I would have learned by now what is and what isn't.

What are your rules?

They're actually not my rules, but the rules of the road.

A quick tutorial on the subject of range days can be found by clicking here.

Fib

[NAV]

It was a key reversal day Sir.

Of course it was...silly me, you would think I would have learned by now what is and what isn't.

What are your rules?

They're actually not my rules, but the rules of the road.

A quick tutorial on the subject of range days can be found by clicking here.

Fib

Fib,

I agree.

[Mr Dev]

Nasdaq Key Reversal Day

Sigh...this is NOT a key reversal bar, it's a simple outside range day.

There are very strict rules for this to be considered "key".

In any event, today's bar does suggest a down close on Thursday.

Fib

I was also watching the outside day pattern near the close,...and thought to myself ...whats been following our

outside days have been.....inside days.... we'll have to see how she starts off tomorrow and take it from there.

oh and I was watching a OHLC chart not a candle chart that is obviously OFF !


And the min I say that.....it corrected itself hahahahaha

It can be what ever you want it to be but use other TA to determine if you think it is a KRD. Especially since the candle is filling a gap!
Nice seeing ya FiB

Well today is done and in bold is just about what we got.........NO follow thru... because of what is very close

to inside day action.

Even tho I'm 40% Long.....what are the chances they try and gap the NDX up again to a NEW high.....

either way I really don't care,,,,..I just want a good set up going into my NEXT trade ....and a GAP for the NDX would do

it for me but I'm willing to stay flexible. Meaning I'll short without a gap hehe

Edited by Mr Dev, 21 June 2007 - 04:21 PM.

[colion]

They're actually not my rules, but the rules of the road.

A quick tutorial on the subject of range days can be found by clicking here.

Fib

At best we now know that there are several definitions of key reversal days. However, we don't know which one is more useful but that should not be difficult to determine by backtesting.