Dislikedhi all now pull back to test the support
see 1 hr mc and 4 hr to be break outIgnored
I need help with a Master Candle indicator 15 replies
Master Candle 21 replies
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Master candle indicator needed 14 replies
Master Entry + Bonus Entries w/ Tight Stops to Master Target 6 replies
Dislikedhi all now pull back to test the support
see 1 hr mc and 4 hr to be break outIgnored
I would really appriciate if you could answer this.
Take care and have a nice day,
//Thomling
DislikedThanks for the update my30marahaba,
I´m new to this "master candle" thing, so I would be very pleased if you or somone else could help me out here with these questions?
- Which timeframes do you use?
- where do you place your stop/loss
- when do you enter - after a break and close etc.?
- where do you exit?
- before you enter - whats your confirmation signal?
I would really appriciate if you could answer this.
Take care and have a nice day,
//ThomlingIgnored
DislikedHi there LanzaTrader,
Sure will do that, but I was hoping someone would have had these criteria written down to get on track right here, right now.Ignored
DislikedHi Tomling,
> TF 1hr and 4 hr for the entry point for your plan on the weekly MC and monthly MC and daily MC
> the good sl see the weekly and monthly plan
> entry on the break 1hr tf and 4 hr tf base on the weekly mc plan or daily mc
> exit tp 1 on the top of daily mc or 4 hr mc and the other move to be or 1.618 % / 0.618 % of your mc break
> price action and candle pattern inside weekly mc range (daily tf or 4hr tf) or monthly chart plan (weekly tf or daily tf), daily mc range (4hr tf or 1 hr tf) >>> like reversal candle pattern or you can read...Ignored
DislikedHi my30marahaba.
How did you cover a Monthly/Weekly SL with a 10$ account?
These 10$ only let you a 100 pips SL with minimun lot (0.01)...
Im still thinking about it..
Nick says about standard TP and SL for MC 50 pips.
Maybe you was an scalper that now becomes a long term trader..¿?Ignored
Dislikedhi lanza,
not like that, remember if you find the monthly mc with the 0-20% area is the bottom of the sl area on monthly now you zoom to weekly do same like monthly mc marking 0-20% sl area for weekly mc, and zoom to dailly do same like weekly, zoom to 4hr do same like daily and zoom to 1hrs do same like 4hr and then zoom to 15Mtf or 5M tf and entry from this point u can using law and chart rule with your direction from monthly,weekly,daily,4hr,1hr mc or u can using 55 ema and 89 sma as the filter
good luckIgnored
DislikedHi M..
Are you using NickB's definition of a Master candle? Does there need to be 4 candles within an engulfing candle to make it a Master Candle? Just wanted to make sure I had the correct definition.Ignored
Dislikedhere the chart 4hr mc zoom to 15M TF
sl 30 pips above the entry or above top 4 hr MCIgnored