Yes i have tried on my real account from last two week,
and i get very good result.
Bestregards,
my30marahaba
For me, i'm waiting for consistencies and capital of course
Hi All,
Just share with you all for the 4 hr master candle trading trade
1st thing we can do it just add 55 Ema on 4hr TF Chart this 55 ema as the filter of the direction of the PA direction or we call...
hi all,
look at this attached of the 4hrs price action with the master candle method.
now we know 3 type of market trend.
1st is up trend, 2nd down trend and 3rd is side way (confirmation)
ok now we are using the 4hr master candle to help us to identification of the price in action and which the direction when we are in the side way market trend, 55 ema as the filter of circulation price in the market.
confirmation of candle pattern inside the 4hrs master candle is the signal for us, pa always going back to the 0 line or (55 ema), pa also slow down movement in the certain level of the ppz, s+r line area, pa also to be pull back if touch the major resistance line or major support line, if the pa break the major support line or resitance line to be return back to this level before continue with the trend so we will find the master candle on this area if you show this happening, this is the good entry point to follow the price with the trend, hopely this will help us to understand of this method,
if i made wrong analyst kindly please correction me....
blue arrow is the trend, box is the master candle, black arrow is the price in action, 55 ema as the filter...
best regards,
my30marahaba
- #147
- Edited 9:02pm Jan 27, 2009 8:22pm | Edited 9:02pm
- | Commercial User | Joined Sep 2008 | 807 Posts
Thanks for your kindly information of this master candle originally developed.
For me it's not the matter with the originally or not originally developed.
as long as all of them have the mean well for us and how do we understand this concept of this master candle and how we manage our self development using this MC concept into trading market.
that's why we are here.
brgds,
my30marahaba
For me it's not the matter with the originally or not originally developed.
as long as all of them have the mean well for us and how do we understand this concept of this master candle and how we manage our self development using this MC concept into trading market.
that's why we are here.
brgds,
my30marahaba
- #152
- Edited 7:12am Jan 28, 2009 7:02am | Edited 7:12am
- | Joined Oct 2008 | Status: Trader | 112 Posts
well silverwhite how your practice in demo did you get the mc concept,
i hope this could help you and the others newbie to understand more about this mc 4hr concept...
cheers
my30marahaba
well marahaba, you did a great job in your posting, it helps me alot and i'm sure it helps others too .So far so good i'll live trading sooner or later.
keeps in your practice on demo good luck .....
cheer,
my30marahaba
