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Trading Made Simple

  • #29,521
  • Edited 5:18am Jan 20, 2014 5:07am | Edited 5:18am
Quoting emmanuel7788
{quote} Hi kin89, Good H4 entry trade . There is bullish divergence seen on your H4 chart. I took my trades using H1. Trade Well. EMMANUEL
Emmanuel7788,

You took it before or after the master candle? Just curious, I saw it but was concerned about the close resistance ahead. Your thoughts?
Attached Image
Keep It Simple
  • #29,522
  • Jan 20, 2014 5:42am Jan 20, 2014 5:42am
Quoting cigarguy
{quote} Emmanuel7788, You took it before or after the master candle? Just curious, I saw it but was concerned about the close resistance ahead. Your thoughts? {image}

Hi cigarguy,

there is no master candle.

my entries show below:

Attached Image (click to enlarge)
Click to Enlarge Name: AU H1 20 Jan trades.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,523
  • Jan 20, 2014 5:44am Jan 20, 2014 5:44am
EJ rather slow moving
some say it is because of H4 200EMA and 10EMA above price...

what do you say?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,524
  • Jan 20, 2014 5:49am Jan 20, 2014 5:49am
Quoting emmanuel7788
{quote} Hi cigarguy, there is no master candle. my entries show below: {image}
Emmanuel7788,

Ok, I was referring to this candle....

Thanks!
Attached Image
Keep It Simple
  • #29,525
  • Jan 20, 2014 5:50am Jan 20, 2014 5:50am
Hi Emmanuel

I was wondering what the Master Candle is, as I often see references to it from you and your fellow traders.

Sorry if it sounds like a dumb question, but its amongst the many things that I'd like to fully understand and any explanation of it is no doubt buried in the myriad of posts on the thread, and wondered if you could please point me in the right direction so that I can get a proper handle on what it is.

Any feedback from you would be much appreciated...LL
  • #29,526
  • Jan 20, 2014 5:58am Jan 20, 2014 5:58am
Quoting Landline
Hi Emmanuel I was wondering what the Master Candle is, as I often see references to it from you and your fellow traders. Sorry if it sounds like a dumb question, but its amongst the many things that I'd like to fully understand and any explanation of it is no doubt buried in the myriad of posts on the thread, and wondered if you could please point me in the right direction so that I can get a proper handle on what it is. Any feedback from you would be much appreciated...LL
My understanding;

" Master Candles, they are candles that engulf the next four following candles. Trading a break of a Master Candle on any time frame can be very profitable, but trading a break of a weekly Master Candle can be especially profitable."

I am new to using them as well. Emmanuel can explain in much better detail.
Keep It Simple
  • #29,527
  • Jan 20, 2014 6:00am Jan 20, 2014 6:00am
Quoting Landline
Hi Emmanuel I was wondering what the Master Candle is, as I often see references to it from you and your fellow traders. Sorry if it sounds like a dumb question, but its amongst the many things that I'd like to fully understand and any explanation of it is no doubt buried in the myriad of posts on the thread, and wondered if you could please point me in the right direction so that I can get a proper handle on what it is. Any feedback from you would be much appreciated...LL

Master Candle

post #25,540


Use FF forum search with keyword 'Master Candle', you will find all posts ... 165 post where members discussed this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,528
  • Jan 20, 2014 6:02am Jan 20, 2014 6:02am
Quoting cigarguy
{quote} Emmanuel7788, Ok, I was referring to this candle.... Thanks! {image}

that H1 candle high-low did not engulfing the candles following it.

the APB/HA cannot be used for MC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,529
  • Edited 6:24am Jan 20, 2014 6:03am | Edited 6:24am
Quoting emmanuel7788
{quote} Master Candle post #25,540 Use FF forum search with keyword 'Master Candle', you will find all posts ... 165 post where members discussed this.
So that candle depicted in my above post is not considered a master candle? I guess I got it wrong I am new in using these and was watching the master candle indicator. It seemed to fit the 4 candle criteria.

Note: Ok, had to change the master candle indicator to "Ignore Wicks - False" my bad.
Keep It Simple
  • #29,530
  • Jan 20, 2014 6:07am Jan 20, 2014 6:07am
Quoting cigarguy
{quote} My understanding; " Master Candles, they are candles that engulf the next four following candles. Trading a break of a Master Candle on any time frame can be very profitable, but trading a break of a weekly Master Candle can be especially profitable." I am new to using them as well. Emmanuel can explain in much better detail.
Thanks for that CG
  • #29,531
  • Jan 20, 2014 6:17am Jan 20, 2014 6:17am
Quoting emmanuel7788
{quote} Master Candle post #25,540 Use FF forum search with keyword 'Master Candle', you will find all posts ... 165 post where members discussed this.
Thanks for pointing me in the right direction, I've got it now and will take that into account when considering a trade..cheers...LL
  • #29,532
  • Jan 20, 2014 6:20am Jan 20, 2014 6:20am
Quoting emmanuel7788
EJ rather slow moving some say it is because of H4 200EMA and 10EMA above price... what do you say?
Big Euro news tomorrow, Big JPY news on Wednesday...maybe people are waiting to see what the outcome is..
  • #29,533
  • Jan 20, 2014 6:20am Jan 20, 2014 6:20am
MT4 script to show your open orders on your charts.

Copy this script to your MT4 installed folder C:\<mt4>\experts\script ...folder.
This scirpt will read the orders from your Mt4 terminal Trade folder and draw an arrow on the exact spot where your trades were opened.
Just drag and drop the script onto your chart.
Attached File(s)
File Type: ex4 Draw_OpenPos.ex4   2 KB | 1,026 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,534
  • Jan 20, 2014 6:24am Jan 20, 2014 6:24am
Quoting Gareth22
{quote} Big Euro news tomorrow, Big JPY news on Wednesday...maybe people are waiting to see what the outcome is..

when BOJ' Kuroda spoke the past few times, JPY weaken.

Attached Image (click to enlarge)
Click to Enlarge Name: Abenomics lecture.png Size: 311 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,535
  • Jan 20, 2014 6:30am Jan 20, 2014 6:30am
If you listened to what Kuroda said last week and his sign language, maybe JPY already peak and goes flat ....
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,536
  • Jan 20, 2014 6:36am Jan 20, 2014 6:36am
UJ H1 scalp trade:

Attached Image (click to enlarge)
Click to Enlarge Name: UJ H1 scalp trade.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,537
  • Jan 20, 2014 6:37am Jan 20, 2014 6:37am
I am new to this thread! Please can someone post the TMS indicator and any instructions would be greatly appreciated.

thank you!
  • #29,538
  • Jan 20, 2014 6:40am Jan 20, 2014 6:40am
Quoting nilanish
I am new to this thread! Please can someone post the TMS indicator and any instructions would be greatly appreciated. thank you!

go to top of page it in the indicator box
  • #29,539
  • Jan 20, 2014 6:45am Jan 20, 2014 6:45am
Quoting nilanish
I am new to this thread! Please can someone post the TMS indicator and any instructions would be greatly appreciated. thank you!

Here is how you should get started:

1) Read post#1 and follow those instructions and get the indicators.

2) Then you should read the other 462 posts by eelfranz. His total post is only 463 and you already read one, the first step.

3) Download the Best of Big E ... click on the link. Must read this, study it till you fully understood everything in it. If you don't, then please post a chart with your questions.

4) when you finished steps 1,2 and 3 above, ask me again for the next step.

Good Learning!

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #29,540
  • Jan 20, 2014 7:05am Jan 20, 2014 7:05am
Would it be a good entry, or too late?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-admiral-markets-as.png Size: 67 KB
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