🔸The concept of the Master Candle is well known in trading. There are different ways of looking at this trading strategy, but in its simplest form, a Master Candle is a candle which contains the highs and lows of at least the next four candles after it.
🔸Can be applied to forex, gold , oil , crypto, stocks and indices.
🔸simple rules to enter the trade based on the breakout of high/low.
🔸Master candle setup is confirmed once 4 or 5 candles are traded inside
the range defined by master candle high and low.
🔸The Master Candle trading strategy provides clear pattern and also helps in the identification of breakout points.
🔸You should not try to trade near a Support / Resistance (SR) zone.
🔸There should be no trade against a Support / Resistance zone that is closer than the Master Candle’s height.
🔸Only take a trade when a candle breaks the Master Candle’s High or Low.
🔸It is recommended to always target the Master Candle size when exiting the trade. So, for example, if the Master Candle size is 80 pips, consider setting your profit target at 80 pips.
🔸Place your Stop-Loss order in the opposite direction of the entry at the other end of the Master Candle. So, in a long trade, the stop should be at the Master Candle’s low, while in a short trade the stop should be at the Master Candle’s high.
🔸Can be applied to forex, gold , oil , crypto, stocks and indices.
🔸simple rules to enter the trade based on the breakout of high/low.
🔸Master candle setup is confirmed once 4 or 5 candles are traded inside
the range defined by master candle high and low.
🔸The Master Candle trading strategy provides clear pattern and also helps in the identification of breakout points.
🔸You should not try to trade near a Support / Resistance (SR) zone.
🔸There should be no trade against a Support / Resistance zone that is closer than the Master Candle’s height.
🔸Only take a trade when a candle breaks the Master Candle’s High or Low.
🔸It is recommended to always target the Master Candle size when exiting the trade. So, for example, if the Master Candle size is 80 pips, consider setting your profit target at 80 pips.
🔸Place your Stop-Loss order in the opposite direction of the entry at the other end of the Master Candle. So, in a long trade, the stop should be at the Master Candle’s low, while in a short trade the stop should be at the Master Candle’s high.
ملاحظة
harmonic patterns overview part one
ملاحظة
reversal technical patterns overview part one
syndicate001.com
Algo systems for prop traders
Algo systems for pro gold traders
Algo Trading and Indicator Tutorials
Levels desk Gold FX NQ ES JPN225
telegram.me/aisyndicate001
Algo systems for prop traders
Algo systems for pro gold traders
Algo Trading and Indicator Tutorials
Levels desk Gold FX NQ ES JPN225
telegram.me/aisyndicate001
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
syndicate001.com
Algo systems for prop traders
Algo systems for pro gold traders
Algo Trading and Indicator Tutorials
Levels desk Gold FX NQ ES JPN225
telegram.me/aisyndicate001
Algo systems for prop traders
Algo systems for pro gold traders
Algo Trading and Indicator Tutorials
Levels desk Gold FX NQ ES JPN225
telegram.me/aisyndicate001
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.