Lets pick 2 pairs each one and lets post it.
(I dont want to spam with analysis of all currencies haha.. you chose and tell me what pair to post it )
What u think?
Well here's my take on EURNZD.
Big boss: Ranging between 1.6550 and 1.7550 for the last couple of years, and half that in the last few months. Big sell off in November last year followed by a range.
Boss: Tested the level of the 200ema, and lower side of the range from early 2017. Closed as a bullish engulfing bar from the support. Approximately 200 pips to run to next resistance I have marked.
Worker: Closed inside the strat shadow with two doji after the bullish engulfing in mid week. I would like to see a retest of 1.6650 area to enter, but it might just rocket off. I see it as having made a substantial move, and price is now paused.
Those Pairs qualify for Basic PASR for next week on H1/H4.
Order according to Strat's volatility list.
Be aware that only on the weekend, a WCC Bar(1) can exist (like on GBPNZD) - as soon as the new week starts it will be WCC Bar(2). As there can't be a WCC without another bar closing inside of it.
Let me know if you find this useful or if I am spaming the thread.
GBPNZD WCC Bar(1)
GPBAUD WCC Bar(2)
GBPJPY WCC Bar(2)
GBPCAD WCC Bar(5)
EURAUD WCC Bar(3)
GBPUSD WCC Bar(2)
EURJPY WCC Bar(5)
USDJPY WCC Bar(5)
USDCAD WCC Bar(1)
CADJPY WCC Bar(1)
(will do another post, as only 10 images can be attached to one post).
AUDCAD WCC Bar(5)
AUDNZD WCC Bar(9)
EURGBP WCC Bar(2)
NZDCAD WCC Bar(10)
EURUSD WCC Bar(7)
It seems to me that the Big Boss has an executive decision coming up. In the interim the Boss has a confirmed low in place...maybe starting to turn up into the Big Boss medium term up trend? Also Big Boss Strat Shadow is positive...but then as you have pointed out, how much space is there for a trade to develop? It all feels a bit constricted to me at the moment, and as you said price seems to be paused for now, so methinks, lets wait for the Big Boss to show the way.
It is good to be able to identify Weekly Control Candles but in my mind the question is, what do we want to do with a WCC? That is if we understand what a WCC means. (Talking about me, not you And thank you for posting the charts with WCC's that got me on this train of thought!)
Lets look at at it from a Boss swing perspective. A confirmed Boss swing high or low is usually done and dusted within a couple of candles, two ,three or a few more which brings us into WCC Territory. Within a WCC price really is at rest until the higher powers decide which way price should go. So it could eventually be a confirmed high or low or price can continue on its way...the thing is we dont know.
This leaves us with two choices. Trade within the WCC or wait for the powers that be to decide what they want to do and follow in their footsteps outside the WCC. trading weekly swings my choice would be to wait and trade the executive decision.
But then again, there are opportunties within, especially when the bosses have given us some pointers. Lets look at the EurJpy WCC you pointed out.
Now where was I... sorry ...Its a Saturday night in sunny South Africa and my weekly (dare we say Boss) bottle of Red is doing its thing mellowing me out..oh yes! I think I need to refill my glass
[quote=dashurry;11981777]Good evening Mr.Strat, THERE IS NOTHING MORE VALUABLE FOR ME IN THIS WORD THAN MY TIME AND MY DAUGHTER
Welcome to the thread....and my friend, your line above is one serious statement....and if you are serious about the statement, you are are in the right place!
[quote=dashurry;11981777]Good evening Mr.Strat, a co-worker (21 years old) always came with new cars at work (BMW xyz Coupe), the next day (BMW X7 SUV) or even with (Porsche Cayenne SUV) and i started wondering "OK. WTF. How did he managed to get all those cars?!" At this time i dint know him and i wos not aware of his age...after awhile being in this new Construction Co.....
welcome to the thread, I have in some way similair history, finaly I found this thread, we just have to be patient and persistent than succes will come in the future.
Green circle are target
Big boss: immediate trend up, Strat shadow positive, made new swing high, price above all 3 EMAs
Boss: long term up trend, immediate term- break up from consolidation, also closed above WCC and 20 EMA, Strat shadow positive
Worker: up trend, this week confirmed higher swing low, closed above WCC and previous swing high, Strat shadow positive. I will watch for continuation of trend and pull back to Start shadow, if PA proper than long with target at 1st supply , resistance 97- 97,60, which is also boss swing high, if this is taken out than countinuation of uptrend is possible
if I look this index somehow better see situation on USD pairs like EURUSD...., just IMHO
BigBoss: Price ranging, didnt make a new high with that bullish candle and now is testing support.
Boss: Is now in a WCC at Support, this time the candle show some buyers.
Worker: The last BUEB Candle is holding support and resistance in lower timeframe. I want to see a new High and start buying in a lowertimeframe.
If you See Worker BUEB is holding and price cant close bellow of it.. neither above of it. Then if i see another BUEB closing Above of WCC top Line, im going to start looking buy in a "Lower TimeFrame" for see if are buyers in there or the Top of WCC is going reverse the price.
Thank you for ur comments.
Read the comments of Rub:
Boss Swing close BUEB with a Confirmed UP SWING.
In Worker, is trapped inside of StratShadow, and the price from there can close BUEB and start going up or just retest the first support for collect more buy orders (and the sellers second chance for close their positions) And then lets go Up with that BUEB BOSS Uptrend Swing.
Im going to start looking for buys in a lowertimeframe because im not going to fight BOSS BUEB at Support and just confirmed up swing.
I kind of bias short with this pair right now as well but I completely agree with what Pete said right now.
For me I see the big boss as ranging, so after the shooting star, I expect the price to bring me back to bottom of the range.
When price get into SR, it almost always goes into consolidation. Right now BB Strat Shadow confluence with BB SR, this happened.
Boss is currently running same direction with BUOB come in. BUOB make a new low and close only slightly above the week high, so I am not sure it really "confirm the swing change", probably I haven't be able to see beyond the candle. However I think I see what I needed to see. above it is SR confluence with Strat Shadow.
I think there probably will be better pairs to trade outside of this for now.
Just because it is a WCC does not mean it qualifies for anything. Price determines at those levels (which WILL change) what a BASIC PASR trade is. Time frame dependant on your trading style and the time frame you are trading, not necessarily a WCC level. Look for confluence and don't just trade the level from H1 and H4.
GBP can and will go anywhere at the minute.
I concur but watching with interest...
Price is now at the top of the 06.02 worker and failing to move higher currently. Who is squeezed and failing pain, who is squeezing and why? We shall see...
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