Key Reversal Bars
#1
Posted 27 June 2007 - 03:17 PM
#2
Posted 27 June 2007 - 03:20 PM
#3
Posted 27 June 2007 - 03:48 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Posted 27 June 2007 - 03:53 PM
#5
Posted 27 June 2007 - 04:04 PM
Edited by selecto, 27 June 2007 - 04:10 PM.
#6
Posted 27 June 2007 - 04:51 PM
Edited by Vector, 27 June 2007 - 04:51 PM.
#7
Posted 27 June 2007 - 05:54 PM
I believe that when one attaches the word "key" to anything, that being chief; major; important; essential; fundamental; or pivotal, that there must be something more than a simple definition that would allow such a descriptor to be used in the first place....to separate it from something that isn't "key", and because of it's implied importance of the word used, shouldn't be tossed around arbitrarily.you have a definition different than that propounded by Edwards & Magee and John Murphy
There are three distinctive differences that separate a simple reversal (which could be an outside range day) from that of being "key" that provides the "solution to a problem". In today's case, a "life of contract low" was not attained today, and this would therefore not make today's bar "key" to the overall movements of the price chart.To me it is an outside bar with a close above prior day high on increased volume (in case of up reversal)
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#8
Posted 27 June 2007 - 05:55 PM
And, of course, you know that I'm going to disagree with you...but it's not worth pandering about.
Fib
Fib
I look forward to listening to your thoughts.
We just touched on this a few days ago...didn't we?
I thought someone might be looking for an "outsideday" or KRD with action like this.
Well, folks just to pick up again where we all left off .... my point again will be.... that defining it really shouldn't matter,..
or be in question...! Huh?
Let me explain traders,
...it's like calling a TOP or a BOTTOM.,,. and what the professionals that are making money will focus on is getting tomorrow right.
Last time I said ,...often when we see these Outside Days,..we Often see them followed by an Inside day.
So that's How I playing.
I did win on it last time,.. and I hope to win again this time.
Best
Edited by Mr Dev, 27 June 2007 - 05:56 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#9
Posted 27 June 2007 - 10:26 PM
I believe that when one attaches the word "key" to anything, that being chief; major; important; essential; fundamental; or pivotal, that there must be something more than a simple definition that would allow such a descriptor to be used in the first place....to separate it from something that isn't "key", and because of it's implied importance of the word used, shouldn't be tossed around arbitrarily.you have a definition different than that propounded by Edwards & Magee and John Murphy
There are three distinctive differences that separate a simple reversal (which could be an outside range day) from that of being "key" that provides the "solution to a problem". In today's case, a "life of contract low" was not attained today, and this would therefore not make today's bar "key" to the overall movements of the price chart.To me it is an outside bar with a close above prior day high on increased volume (in case of up reversal)
Fib
Gee, didn't know that key reversals only applied to contracts. However, since nobody has demonstrated that one definition is better than another let's all use whatever works for each of us, hold hands and skip toward the setting sun.
#10
Posted 27 June 2007 - 11:16 PM
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
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