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  • #381
  • Oct 31, 2017 1:31pm Oct 31, 2017 1:31pm
You are absolutely correct, last week's Boss candle is a potential WCC and will only be confirmed at the end of this week.

Good observation.

Regards
  • #382
  • Oct 31, 2017 1:32pm Oct 31, 2017 1:32pm
Quoting TerryDawe
Sorry I just realized I drew my last WCC wrong. The most recent WCC has the small spinning top doji as the control candle from last week, not the bullish green bar. Attached is the actual current WCC. {image}
I Think for the chart of ur picture. The WCC is the Bullish Green Candle that close outside above. Right now the "posible" WCC is that red candle but we dont know until the current week is close. Because if current week close above or bellow of that candle, that candle never became WCC.

If im wrong please correct me. I just start reading and learning the basics of PASR
  • #383
  • Oct 31, 2017 2:15pm Oct 31, 2017 2:15pm
Quoting TerryDawe
Regarding USDJPY: IF we get a close above the green horizontal line by end of day today which is also end of month, the BB swing low will be confirmed ending its retrace down. It will then be in up swing. Boss is already in up swing and within a WCC. The Boss control candle is a BUOEB so pretty bullish. Price finding resistance at BRN 114 area which is being tested for the third time. {image}
Can you explain how that makes it a confirmed swing low? My understanding from the old thread is we have an unconfirmed swing high and swing low.
  • #384
  • Edited 2:44pm Oct 31, 2017 2:32pm | Edited 2:44pm
Guys, i see lots of you keep asking for a specific definition of WCC or giving their own one.

I don't know if i got it right, but it appear to me a WCC is a candle which close outside the previous candle's range and is followed by another candle which close within the range of that weekly bar.

Please, correct me if i'm wrong.
It's not over, until I win.
  • #385
  • Oct 31, 2017 2:55pm Oct 31, 2017 2:55pm
Quoting ItaTrader93
Guys, i see lots of you keep asking for a specific definition of WCC or giving their own one. I don't know if i got it right, but it appear to me a WCC is a candle which close outside the previous candle's range and is followed by another candle which close within the range of that weekly bar. Please, correct me if i'm wrong.
100 times explained, wwc is that one wich high or low is not broked by following candles, see the photo, curent weekly cc on AU!
Attached Image (click to enlarge)
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  • #386
  • Oct 31, 2017 3:37pm Oct 31, 2017 3:37pm
You are almost correct with the AUDUSD example. However last week's Boss candle is a POTENTIAL WCC and won't be confirmed until the end of this week. If this week's candle closes within the range of the current POTENTIAL WCC, the POTENTIAL WCC will become a confirmed WCC.
If this week's Boss candle CLOSES outside the range of last week's candle, then last week's candle never became a confirmed WCC and this week's candle will become a new POTENTIAL WCC and so on and so on.
  • #387
  • Oct 31, 2017 3:41pm Oct 31, 2017 3:41pm
Quoting mizi123
{quote} 100 times explained, wwc is that one wich high or low is not broked by following candles, see the photo, curent weekly cc on AU! {image}
Ok, this is another explanation!!

So, Hypothetically, let's say this weekly candle break the low of the previous one, then break the high too (yeah, very unlikely) and finally close within its range, that big red candle would not be considered as WCC?
It's not over, until I win.
  • #388
  • Oct 31, 2017 3:49pm Oct 31, 2017 3:49pm
This week's candle high and low can break both the high and low of last week's candle but as long as it CLOSES within last week's candle, last week's candle will officially be confirmed as a WCC.

IF it CLOSES above or below the range of last week's candle, then last week's candle did not become a WCC and this week's candle will start out as a POTENTIAL WCC until it is either confirmed or the following week CLOSES outside of its range and so on and so on.
  • #389
  • Oct 31, 2017 3:58pm Oct 31, 2017 3:58pm
Hi. Can someone point me to post where explained how to trade wcc? I can't find myself in the old thread. Thanks
  • #390
  • Oct 31, 2017 4:05pm Oct 31, 2017 4:05pm
Quoting dbsys
Hi. Can someone point me to post where explained how to trade wcc? I can't find myself in the old thread. Thanks
I don’t think there is one. Weekly control candles arent necessarily for trading. They can signify a period of congestion in a trend Or indicate a possible bottoming or topping out of the trend. If you want to look at how to trade them probably the best way is from the bottom to the top in an uptrend or possibly if you have an extremely long ranging Weekly candle perhaps going against the trend to the middle range of the candle. These are just some of the ways I might use them take the time to look at them where they are in the trend how wide apart or close together are the moving averages, So a weekly control candle is not a trading signal but there may be ways to trade it on occcasions.
If you can wait and not be tired by waiting...
  • #391
  • Oct 31, 2017 4:19pm Oct 31, 2017 4:19pm
On or from PDF i have understod that his creator is solder of waiting to 3 candles monthly weekly and daily to be in acordance only then he trades in these direction see these 3 photos!?
Attached Image(s) (click to enlarge)
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  • #392
  • Oct 31, 2017 4:23pm Oct 31, 2017 4:23pm
My rules are simple in these case i will wait if price come to pullback area there ok if not i will enter on break 2 position per same setup.... and bla bla bla
Attached Image (click to enlarge)
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  • #393
  • Oct 31, 2017 4:27pm Oct 31, 2017 4:27pm
Quoting ItaTrader93
{quote} Ok, this is another explanation!! So, Hypothetically, let's say this weekly candle break the low of the previous one, then break the high too (yeah, very unlikely) and finally close within its range, that big red candle would not be considered as WCC?
It would.

Attached Image (click to enlarge)
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  • #394
  • Oct 31, 2017 4:38pm Oct 31, 2017 4:38pm
I was taught that WRBs created SR lines that when broken with a close became
entry signals. If their range was great enough to make money within that range,
drop down one time and trade there.

WCCs are the same as WRBs except their range can be smaller But the above
rules should apply.

Have to have Terry or Strat for this one.

Regards

Frank
  • #395
  • Oct 31, 2017 4:39pm Oct 31, 2017 4:39pm
Quoting bistolis
{quote} It would. {image}
So I was right in first place.

Thank you Bistolis!
It's not over, until I win.
  • #396
  • Oct 31, 2017 5:02pm Oct 31, 2017 5:02pm
Quoting strat
{quote} There is NOTHING "almost sure" in trading! I have lost count the number of times traders have lost money by jumping in on the break of a Weekly Control Candle before the week closed. Our number 1 Rule in trading is CAPITAL PRESERVATION
hi mister strat
you sayd before the week closed
this meens all timeframe candle that mater to you is closed candles only and never open candles?
  • #397
  • Oct 31, 2017 6:18pm Oct 31, 2017 6:18pm
PASR

Quoting ph2lsl
{quote} hi mister strat you sayd before the week closed this meens all timeframe candle that mater to you is closed candles only and never open candles?
My PASR strategy is based on CLOSED candles no matter what the time frame is. I am only interested in the open when PRICE is at support or resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #398
  • Oct 31, 2017 6:21pm Oct 31, 2017 6:21pm
PASR

Quoting macuba
I am new to forex trading and trying to learn , after reading a few books and searching in various forex sites i believe that PSAR that STRAT is teaching is the right way to be successfull in trading. To the point now, after reading the old thread , the pdf and may examples i believe that i got right the methodology and the steps of the proccess of PSAR so i started my own analysis on my pc at mt4 platform to intedify SR Levels considering the Big Boss and the Boss but after examining about 20 main pairs i didnt get any furhter confirmation to get...
I "think" I understand what your question is but to be sure, please post a chart
15 YEARS OF PASR ON FOREX FACTORY!
  • #399
  • Oct 31, 2017 6:27pm Oct 31, 2017 6:27pm
PASR

Quoting mizi123
I think AUD/USD right now, is the pair wich match with rules read on thred isn't strat? {image}
So, how would you trade AUDUSD?
15 YEARS OF PASR ON FOREX FACTORY!
  • #400
  • Oct 31, 2017 6:30pm Oct 31, 2017 6:30pm
Hello Strat, we got a new Monthly, W1 and D1 candle. If u have an entry, can u create an example of one of ur entry or limit order please. Dont think that is for copy your trade is just for see if im learning good this long term strategy.

For example: in EURUSD

Monthly Candle: Aug and Sept we have a MCC (MCC Exist?) in the Candle of Aug. Oct close bellow of it but didnt close bellow of the bottom wick. Candle of October close bellow of them. (Posible turning trend??)

Weekly Candle: Make a Swing High 04/09/2017 Candle Week, then in 02/10/2017 price find a support , next candle was bullish with wick on top. That Candle convert in WCC, and current candle close bellow of it. (Posible turning trend?)

D1 Candle: 27/10/2017 Candle close bellow and then the price is testing the open of that candle for the next 2 days.

My notes: Can be a good trade in short with SL above of monthly swing candle, if the price start trending down, we can add positions watching D1 with the pullbacks.
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