I tnink there is some confusion about the WWC, do you mind the explain it again? Thanks Strat for your sharing and helping.
Strat's PASR Long Term, Stress Free Trading
- #302
- Oct 28, 2017 3:03am Oct 28, 2017 3:03am
- Joined Nov 2008 | Status: Trader | 50,196 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Saturday, 28 October 2017
Part 1: Missed AUDUSD Short Trade
Big Boss: Last month candle were rejected by both resistance and 63 ema which resulting in a bearish outside candle.
Boss: The candle ending on 13th Oct was a BUEB and confirmed previous week’s low. Strat Shadow was still green.
Price was also at strong support.
I was aware of the conflict between the Big Boss and the Boss but because of the Boss confirmed swing low and BUEB at support I believed the Primary trend has changed to UP, therefore I ignored the BEEB on 20th Oct as a signal for short. Now its become clear the Boss’s Primary change has not changed its still DOWN. The up swing was just a worker’s up swing.
Worker
Boss
Big Boss
Part2: Boss Primary Swing
This weekend I studied the Boss chart and worker chart the discover the following:
Boss: The Boss/Primary down swing is range between 405-680 pips. Expect swing A, all other Primary down swing has at least one corrective swing(blue line).
Worker: The colour of the Strat Shadow tells us which direction to trade at end of pullback. See green arrows. At the end of pullback for Swing D the 20 and 63 were flat and tangled together which indicate a larger is coming. Also price has started to reacted to 41 recently.
If I had studied the Boss chart correctly then I should recognise which swings are impulse and which swings are corrective and we always trade in the direction of the Primary swing.
Part3: Boss Confirmed Swing
In A,B and C swings its all start with confirmed swing high and end with confirmed swing low. So in case of swing D we should expected the Primary down swing has ended after confirmed swing low right? But price is at major support so we should expect some sort of pullback the result of that reaction was a BUEB. Now consider each swing low is made up of 3 candles(red rectangles) and compare each swing lows. At “x” because of strong support we should expect a strong reaction but the Price Action at “x” was the weakest of all four swing lows. Which indicate a possible correction wave is coming. But if we did get a strong hammer on Worker or Boss at “x” then the chance of Primary down swing has ended is high.
Part4: Plan for next week
Boss: The close is at 63 ema.
Worker: Strat Shadow turned red. Hammer at minor support. Waiting for price to pullback to last swing low and initial short. The safest trade is when price is near 20 ema but this is strong down move price maybe not pullback to 20 ema. I feel Friday’s hammer is a bond hammer but price will still react to it so If I have short position then I will move SL to high of the hammer.
Part 1: Missed AUDUSD Short Trade
Big Boss: Last month candle were rejected by both resistance and 63 ema which resulting in a bearish outside candle.
Boss: The candle ending on 13th Oct was a BUEB and confirmed previous week’s low. Strat Shadow was still green.
Price was also at strong support.
I was aware of the conflict between the Big Boss and the Boss but because of the Boss confirmed swing low and BUEB at support I believed the Primary trend has changed to UP, therefore I ignored the BEEB on 20th Oct as a signal for short. Now its become clear the Boss’s Primary change has not changed its still DOWN. The up swing was just a worker’s up swing.
Worker
Boss
Big Boss
Part2: Boss Primary Swing
This weekend I studied the Boss chart and worker chart the discover the following:
Boss: The Boss/Primary down swing is range between 405-680 pips. Expect swing A, all other Primary down swing has at least one corrective swing(blue line).
Worker: The colour of the Strat Shadow tells us which direction to trade at end of pullback. See green arrows. At the end of pullback for Swing D the 20 and 63 were flat and tangled together which indicate a larger is coming. Also price has started to reacted to 41 recently.
If I had studied the Boss chart correctly then I should recognise which swings are impulse and which swings are corrective and we always trade in the direction of the Primary swing.
Part3: Boss Confirmed Swing
In A,B and C swings its all start with confirmed swing high and end with confirmed swing low. So in case of swing D we should expected the Primary down swing has ended after confirmed swing low right? But price is at major support so we should expect some sort of pullback the result of that reaction was a BUEB. Now consider each swing low is made up of 3 candles(red rectangles) and compare each swing lows. At “x” because of strong support we should expect a strong reaction but the Price Action at “x” was the weakest of all four swing lows. Which indicate a possible correction wave is coming. But if we did get a strong hammer on Worker or Boss at “x” then the chance of Primary down swing has ended is high.
Part4: Plan for next week
Boss: The close is at 63 ema.
Worker: Strat Shadow turned red. Hammer at minor support. Waiting for price to pullback to last swing low and initial short. The safest trade is when price is near 20 ema but this is strong down move price maybe not pullback to 20 ema. I feel Friday’s hammer is a bond hammer but price will still react to it so If I have short position then I will move SL to high of the hammer.
Saturday, 28 October 2017
Missed USDCAD Long Trade
No excuses for missing this long trade.
Big Boss: Hammer at 63 ema.
Boss: Confirmed swing low. Two Dojis at resistance
Worker: Price was contain within Strat Shadow. 63 ema acting as resistance and 20 ema as support. The Setup candle at red arrow was the signal to go long, at the same time 63 ema also turn green.
Worker:
Boss:
Big Boss:
Missed USDCAD Long Trade
No excuses for missing this long trade.
Big Boss: Hammer at 63 ema.
Boss: Confirmed swing low. Two Dojis at resistance
Worker: Price was contain within Strat Shadow. 63 ema acting as resistance and 20 ema as support. The Setup candle at red arrow was the signal to go long, at the same time 63 ema also turn green.
Worker:
Boss:
Big Boss:
- #310
- Oct 28, 2017 8:20am Oct 28, 2017 8:20am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
Okay strat, the WCC is sort of new to me. Am I correct when I say that a WCC is a candle that in and of itself should be a point of SAR to be considered?
Ask Joe. He will tell you. 
Part5: Where is price going? This one is for the little people always follow what price action is telling you. {image} Boss: Confluence of Support, BRN 0.7500, FE 100% and demand line. Its also happens to be the starting point of last major up move(purple rectangle).
If you are good at something, never do it for free--Joker
- #311
- Edited 9:12am Oct 28, 2017 8:59am | Edited 9:12am
example of WCC (top chart is Boss, bottom chart is worker) and how once one it is broken, it can act as S/R. In this case first WCC was broken and a new one formed. During the second one, price retraced back to the bottom of the first one and provided a signal of strong resistance.
Now this week we have a new potential WCC. Based on the proximity of the worker 200ema, it is highly likely that price will zigzag to that support.
- #313
- Oct 28, 2017 9:41am Oct 28, 2017 9:41am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
Hi Strat thanc you very very much for deciding to be between traders here even if in your previous thred i was not born 
(as a trader) i have just only 1 and only question: Were can i find entry rules on lower timeframes (in wich post), and rules about these, lets say if weekly control candle is berish, in lower time frames we look to go only short right!?
(as a trader) i have just only 1 and only question: Were can i find entry rules on lower timeframes (in wich post), and rules about these, lets say if weekly control candle is berish, in lower time frames we look to go only short right!?
- #315
- Edited 1:40pm Oct 28, 2017 1:13pm | Edited 1:40pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #316
- Edited 1:41pm Oct 28, 2017 1:20pm | Edited 1:41pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
Weekly Control Candles
The Weekly Control Candle identified at the swing high is NOT a Weekly Control Candle as it did not CLOSE above the high or low of the previous candle
{quote} I made a few mistakes trying to pick the WCC. There are two I marked on my EU chart below. Criteria why I picked those 2 are- - based on 5 days in one week, if the Monday and Friday candles are small and there were swing high and swing low in that week either by Tuesday/Wednesday and Wednesday/Thursday then that Weekly candle make a 'good WCC'. Basically Monday and Friday candles High-Low are smaller that the Week High Low. I maybe wrong here. Just trying to code a WCC Indicator for historical backtest study. {image}
15 YEARS OF PASR ON FOREX FACTORY!
- #317
- Oct 28, 2017 1:25pm Oct 28, 2017 1:25pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #318
- Oct 28, 2017 1:26pm Oct 28, 2017 1:26pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #319
- Oct 28, 2017 1:28pm Oct 28, 2017 1:28pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
Weekly Control Candles
Yes
Okay strat, the WCC is sort of new to me. Am I correct when I say that a WCC is a candle that in and of itself should be a point of SAR to be considered? {quote} Ask Joe. He will tell you.
15 YEARS OF PASR ON FOREX FACTORY!
- #320
- Oct 28, 2017 1:35pm Oct 28, 2017 1:35pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
PASR
PASR, like the Market, is FRACTAL, and as such, the strategy is applicable across all time frames from M1 through 1 Month, through 5 years, through 10 years etc. Learn PASR and you will have a strategy for any time frame you can think of.
Hi Strat thank you very very much for deciding to be between traders here even if in your previous thread i was not born
15 YEARS OF PASR ON FOREX FACTORY!