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  • #2,041
  • Feb 7, 2018 12:31pm Feb 7, 2018 12:31pm
Quoting Yoki
No problem, Strat {quote} I can't right now because I'm at work on my work PC. If no one is able to answer by the time I get home, I will definitely post a chart.

Just post a Chart with ur comments and thats it... Because with words u can say something and others can interpret in a different way... and the Picture show the truth.
  • #2,042
  • Feb 7, 2018 12:44pm Feb 7, 2018 12:44pm
[quote=Yoki;10754108]{quote} Hi Malu, I thought I understood WCC from posts earlier in this thread but now I'm not so sure.


Yoki, you beat me to it with that question..i agree with you...i have exactly the same understanding as you.
There was no WCC...depending on whether this week closes within the high and low of last weeks candle, then we may have a WCC.
I also had the past WCC that you mentioned at exactly the same dates as you.
Lets wait for Strat to clarify if we've understood it properly.

thanks
  • #2,043
  • Feb 7, 2018 12:48pm Feb 7, 2018 12:48pm
Quoting HappyTrend
{quote} Post a Chart with Arrows where u think that is a WCC....
Why are you asking Yoki for a chart? Yoki is not trying to show a WCC...she's pointing out that she didn't think there was one which the other poster highlighted..
Do you agree that it was a valid WCC on gbp/aud? if so , please explain why....
  • #2,044
  • Feb 7, 2018 1:00pm Feb 7, 2018 1:00pm
Quoting HappyTrend
{quote} Just post a Chart with ur comments and thats it... Because with words u can say something and others can interpret in a different way... and the Picture show the truth.
Totally agree, pictures are way better. Here's a chart I just marked up quickly:

Attached Image (click to enlarge)
Click to Enlarge Name: gbp-aud.PNG Size: 39 KB
  • #2,045
  • Feb 7, 2018 1:07pm Feb 7, 2018 1:07pm
[quote=brody55;10754295]
Quoting Yoki
{quote} Hi Malu, I thought I understood WCC from posts earlier in this thread but now I'm not so sure. Yoki, you beat me to it with that question..i agree with you...i have exactly the same understanding as you. There was no WCC...depending on whether this week closes within the high and low of last weeks candle, then we may have a WCC. Why are you asking Yoki for a chart? Yoki is not trying to show a WCC...she's pointing out that she didn't think there was one which the other poster highlighted..
Hi Brody,

Nice to know someone is thinking the same as me. I'm actually male btw haha. Yoki is a nickname given to me by my friends when dancing was my hobby because it sounds similar to my last name. 6 years later, it just stuck with me.
  • #2,046
  • Feb 7, 2018 1:40pm Feb 7, 2018 1:40pm
Quoting strat
WCC {quote} I'm pissed off and fed up of posting this morning so let's SEE if others can answer you
Let me take a stab at this but before Strat tells me I'm talking bollocks, I am aware of that possibility as I have not yet read nearly enough of this or the original thread.

I am thinking that the weekly bar closing 12th January 2018 (black vertical line) is a control bar in that it was an outside bar. Hence the extremities could be expected to provide support/resistance until they didn't.

As the daily provided a bullish engulfing bar (BUEB) with price rejecting the bottom of the WCC, that was the trigger to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: 07 Feb 2018 - Strat GBPAUD D, W.PNG Size: 68 KB
  • #2,047
  • Feb 7, 2018 3:24pm Feb 7, 2018 3:24pm
Quoting strat
I GIVE UP! {quote} YOU have NOT SEEN the difference!
Strat,

I made a complete a** of myself, please accept my sincere apologies for posting before thinking. For the first time in a long time, I felt like I was starting to understand things that evaded me and the excitement overwhelmed me. This is no excuse, just an explanation. But, as I said, feeling like is not being.

I won't post here anymore, I'll just try to be a better reader/learner following whatever you have posted. Thanks for your hard, selfless work with village idiots of my kind.

PS: the proverb with the horse is pretty much the same in French, except it is a donkey, very appropriate in my situation...
  • #2,048
  • Feb 7, 2018 3:37pm Feb 7, 2018 3:37pm
Quoting darko2010
{quote} Strat, I made a complete a** of myself, please accept my sincere apologies for posting before thinking. For the first time in a long time, I felt like I was starting to understand things that evaded me and the excitement overwhelmed me. This is no excuse, just an explanation. But, as I said, feeling like is not being. I won't post here anymore, I'll just try to be a better reader/learner following whatever you have posted. Thanks for your hard, selfless work with village idiots of my kind. PS: the proverb with the horse is pretty much the...
Don't be so hard on yourself. nobody knows what shoes your in, or how it feels like to wear them. similarly keep working and you'll be back here posting.

+sometimes it takes a mentor like strat to give you that boost to work harder. so take that energy and keep striving. you will get there.
It's in fear when people show what they truly value.
  • #2,049
  • Feb 7, 2018 3:38pm Feb 7, 2018 3:38pm
Quoting Yoki
{quote} Hi Malu, I thought I understood WCC from posts earlier in this thread but now I'm not so sure. When I was looking at my charts, I saw last week's weekly candle as a potential WCC as this week's candle has not yet closed within last week's weekly candle's extremes. The last weekly control candle I'm seeing is during the week of 12/25 which controlled price for 3 weeks until the 1/22 candle closed outside the 12/25 weekly candle's extremes. Then, last week's candle closed outside the 1/22 candle's extremes. Based on strat's comment to you,...
Hi Yoki,

my understanding is, that a new WCC is formed when the close of the weekly candle has taken out the high/low of the actual WCC.
I don’t want to say that this is the right answer, but just how I understood it.
Can post a picture I found in the old thread tomorrow (so in 10 hours ) as I don’t have it here actually.
  • #2,050
  • Feb 7, 2018 3:39pm Feb 7, 2018 3:39pm
[quote=Yoki;10754395][quote=brody55;10754295]{quote} Hi Brody, Nice to know someone is thinking the same as me. I'm actually male btw haha.

Oh , ok Yoki..apologies for my mistake..
thanks
  • #2,051
  • Feb 7, 2018 3:49pm Feb 7, 2018 3:49pm
Quoting brody55
{quote} Why are you asking Yoki for a chart? Yoki is not trying to show a WCC...she's pointing out that she didn't think there was one which the other poster highlighted.. Do you agree that it was a valid WCC on gbp/aud? if so , please explain why....
It's quite interesting how we interpret WCC. My own take on it is that if you have a WCC and price moves away from it but then back into a few weeks later i pay attention to the previous levels.
The context for me is how powerful was the WCC bar? Not just there is a new one so I'll trade off that.

This is a similar situation with GBPNZD and I traded the 5 min using the 5 min strategy but I had a previous WCC low as a target and look what happened after my trade closed on your worker charts.

For me the WCC is important but is only a part of PASR.. hope this perspective helps?

"OLD WCC" Mapped as target not the latest "new WCC" which for me didn't really have much weight..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDWeekly.png Size: 93 KB


GBPNZD Worker chart

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 92 KB


PS Ignore my blue levels they are from the 5 min strategy.

Result of trade idea.. Pink line is "Old WCC" Low...

Just because she's old she might still dance..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 56 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,052
  • Feb 7, 2018 4:22pm Feb 7, 2018 4:22pm
[quote=BeyondTheSea;10754797]{quote} It's quite interesting how we interpret WCC. My own take on it is that if you have a WCC and price moves away from it but then back into a few weeks later i pay attention to the previous levels. The context for me is how powerful was the WCC bar? For me the WCC is important but is only a part of PASR..

Hi, thanks very much for your reply. I agree, WCC are only a part of PASR..
I think the confusion was with Yoki questioning the original posters identification of a WCC, which according to what we both understood was incorrect..
To be honest, this was done to death a while back, and i got a bollicking from Strat for placing too much emphasis on them...
My take is that they enable us to identify potential S or R at the weekly highs or lows, when we get subsequent inside weekly bars..providing opportunities on the worker if pasr occurs at the extremes..also when you get a breakout, they give a direction to trade, especially when aligned to a previous trend.
i'm still early on the path, so i have no idea if using previous WCC for targets is valid...the more experienced traders could probably comment.

Thanks
  • #2,053
  • Feb 7, 2018 4:24pm Feb 7, 2018 4:24pm
In order to avoid another WCC shambles, for traders who are not entirely sure, please see posts 235, 236, 237 and 247...
this may clear up some confusion.
  • #2,054
  • Feb 7, 2018 4:45pm Feb 7, 2018 4:45pm
GBPAUD

Quoting Yoki
{quote} Hi Malu, I thought I understood WCC from posts earlier in this thread but now I'm not so sure. When I was looking at my charts, I saw last week's weekly candle as a potential WCC as this week's candle has not yet closed within last week's weekly candle's extremes. The last weekly control candle I'm seeing is during the week of 12/25 which controlled price for 3 weeks until the 1/22 candle closed outside the 12/25 weekly candle's extremes. Then, last week's candle closed outside the 1/22 candle's extremes. Based on strat's comment to you,...
I saw last week's weekly candle as a potential WCC as this week's candle has not yet closed within last week's weekly candle's extremes.

Correct

The last weekly control candle I'm seeing is during the week of 12/25

Very confusing - ONLY use the week CLOSING date

Weekly Control Candle week ending December 29, 2017 taken out by Weekly Control Candle week ending January 12, 2018 taken out by Weekly Control Candle week ending January 26, 2018 taken out by POTENTIAL Weekly Control Candle week ending February 02, 2018

Big Boss is at resistance

Boss is at resistance

Worker making H - L - HL

Best way to trade short off the Weekly Control Candle is on H4 or H1

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,055
  • Feb 7, 2018 4:47pm Feb 7, 2018 4:47pm
WCC - weekly control candle

It is a candle which closed above the high/below the low of the previous candle. The following candle is unable to close above the high or below the low of its previous candle.

Simply put, there are three candles to look at, from right to left, 1, 2, 3: the current candle is number 3, which is unable to close higher or lower than the previous candle, candle 2. And candle 2 had a close above or below the previous candle, candle 1.
  • #2,056
  • Feb 7, 2018 4:49pm Feb 7, 2018 4:49pm
GBPAUD

Quoting Yoki
{quote} Totally agree, pictures are way better. Here's a chart I just marked up quickly: {image}
Correct. I have slightly different broker data which caused different Weekly Control Candles

TRADE WHAT YOU SEE ON YOUR CHARTS
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,057
  • Feb 7, 2018 4:54pm Feb 7, 2018 4:54pm
Quoting strat
GBPAUD {quote} Correct. I have slightly different broker data which caused different Weekly Control Candles TRADE WHAT YOU SEE ON YOUR CHARTS
Thank you, Strat
  • #2,058
  • Feb 7, 2018 5:04pm Feb 7, 2018 5:04pm
GBPAUD

Quoting JackAntigua
{quote} Let me take a stab at this but before Strat tells me I'm talking bollocks, I am aware of that possibility as I have not yet read nearly enough of this or the original thread. I am thinking that the weekly bar closing 12th January 2018 (black vertical line) is a control bar in that it was an outside bar. Hence the extremities could be expected to provide support/resistance until they didn't. As the daily provided a bullish engulfing bar (BUEB) with price rejecting the bottom of the WCC, that was the trigger to enter. {image}
I am thinking that the weekly bar closing 12th January 2018 (black vertical line) is a control bar

If you are going to participate on this thread with PASR, please use PASR terminology. It is a WEEKLY CONTROL CANDLE. A "control bar" is very ambiguous and could mean many different things.

in that it was an outside bar

As I have previously posted to all the "know it all dickheads", outside candle has NOTHING to do with the determination of my Weekly Control Candle.

Hence the extremities ""could be expected"" to provide support/resistance until they didn't

Almost correct. I have posted this so many times I could write it in my sleep - The HIGH and LOW of a Weekly Control Candle provide the IMMEDIATE resistance and support and are valid UNTIL a CLOSE above/below them.

As the daily provided a bullish engulfing bar (BUEB) with price rejecting the bottom of the WCC, that was the trigger to enter.

Good BUT the long wick is telling us to drop down to a shorter time frame to take the trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,059
  • Feb 7, 2018 5:47pm Feb 7, 2018 5:47pm
Ronald MacDonald

Here is another of the 64 attachments I promised I would post

Attached File(s)
File Type: doc Ronald MacDonald.doc   31 KB | 878 downloads
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,060
  • Feb 7, 2018 9:05pm Feb 7, 2018 9:05pm
Quoting brody55
Talking about Trading in the zone , there's probably a link on the the old thread, but here it is.. {image}

Thanks for this one Brody... i think i missed this link and always wonder what is TITZ ..

Regards,
Rina
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