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
Good observation.
Regards
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DislikedSorry 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}Ignored
DislikedRegarding 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}Ignored
DislikedGuys, 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.Ignored
Disliked{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}Ignored
DislikedHi. Can someone point me to post where explained how to trade wcc? I can't find myself in the old thread. ThanksIgnored
Disliked{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?Ignored
Disliked{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 PRESERVATIONIgnored
Disliked{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?Ignored
DislikedI 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...Ignored
DislikedI think AUD/USD right now, is the pair wich match with rules read on thred isn't strat? {image}Ignored