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  • Master Candle Basics

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    Dev_Edgar
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    trading

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    39 vistas3 páginas

    Master Candle Basics

    Cargado por

    Dev_Edgar
    trading

    Copyright:

    © All Rights Reserved
    Descargue como PDF o lea en línea desde Scribd
    Marcar por contenido inapropiado
    de 3
    The Master Candle Defined ‘There is a few ways to look at master candles but we will only focus on one. A Master Candle is simply a candle’s high and low which engulfs the next four candles’ high and low. | like to call the formation a True Master Candle (MC). Mc cl c2 C3 & A quick run through of the above image, the MC = Master Candle is formed when C1 = Candle One, C2 = Candle Two, C3 = Candle Three, C4 = Candle Four are inside of the master candle. Examples ca 0 MC Cl C2 C3.C4 BI B2B3 The above picture is an example of a null trade where the break of the master candle did not happen within the B1 82 er B3 candles. —— Af Bent MC CI C2 C3 C4B1 B2B3 The above picture is an example of a successful break of the master candle which happened on the 82 candle. (Long position) fat MC Cl C2 C3.C4.B1 B2 BS. The above picture is an example of a successful break of the master candle which happened on the 61 candle. (Long position) Some Entry Examples ‘The most important part of the method, Longs: 5 pips above the Master Candle High + Spread. As you can see in the picture below the green line was our long entry Trt 5 Pips below the Master Candle Low. As you can see in the picture below the red line was our short entry a

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