ccfp in FF 10080 will take the difference between the currency strength two weeks ago and compare it with the one week ago to try to predict the currency strength of the coming week. This is basically the principle of a bullish week candle will be followed by another bullish candle and same for bearish until it doesn't.
FF setting will even take you two weeks ago.
Two weeks ago and even one week ago is stale data nowadays.
If you use a T in one of the settings you are comparing the current week currency strength with the previous week.
On first glance you would say that is better but it is not if you enter at Monday 00:00 or even on the Monday at all !
Of course a "current" weekly candle has already opened but it hasn't formed yet, the data in it is minimal and could be last week retracement or even weekend news. One could say the weekly candle will only be formed in a direction after a full first trading day.
Look at the weekly charts and just count the weeks you will win and the weeks you will lose. Do the math.
FF setting will even take you two weeks ago.
Two weeks ago and even one week ago is stale data nowadays.
If you use a T in one of the settings you are comparing the current week currency strength with the previous week.
On first glance you would say that is better but it is not if you enter at Monday 00:00 or even on the Monday at all !
Of course a "current" weekly candle has already opened but it hasn't formed yet, the data in it is minimal and could be last week retracement or even weekend news. One could say the weekly candle will only be formed in a direction after a full first trading day.
Look at the weekly charts and just count the weeks you will win and the weeks you will lose. Do the math.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
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