Attachment 6091Attachment 6091I am telling you about "Mother candle strategie" it is very simpl and profitable. Every one can under stand it easily. If you have any question you can ask me i will explain it.
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Attachment 6091Attachment 6091I am telling you about "Mother candle strategie" it is very simpl and profitable. Every one can under stand it easily. If you have any question you can ask me i will explain it.
Sorry due to some problims i cant past a clear pic. so i will again post it as i got some extra time to do this job.
What information from the picture about mother candle strategy? Please share, and how do I interpret the candle in the picture?
i am unable to post mother candle strategie picture here. i am a new one in this forum. so any one can help me for posting piture from my pc to this forum. i will thanks full to you.
Number of trader use 4 hour time frame for find mother candle and number of trader use day one candle for find mother candle.I think mother candle strategy get well in day one time frame.Thanks brother.
Mother Candle Strategi is simple strategy for me. i enjoy using it..this strategy has a good risk and reward. can i join your threat and post my analize with your strategy bro?
well i have read a lot of ebooks based on the candle stick but i never come across the Mother candle strategies but based on your analysis and clear picture i think i have to give it a try to know how far this can go
Above trading chart containing 1 to 5 number this is a picture of mother candle strategie. In this strategie after closing a long canlde(mother candle)the next candle shoud be with in height and lows of mother candle as in picture no.4 is. in abve picture No. 5 showing a mother candle and next no. 4 is a baby candle and its lows and height below to mother candle. Now the next step is you have to see next third candle closing direction and it should be closed over the height of mother candle or over the lows of mother candle. If third candle close over the height of mother candle then you have to start a buy trade as well as 4th candle start. If third candle close over the lows of mother candle then you will strat sell trade when 4th candle start as in figure no. 2 indication 4th candle and it is a entry point also. Now calculate total pips of mother candle. For example in above trading chart 50 pips of mother candle. Now set a tp and st 50 pips from the entry poin.
st should b 50 pips and tp also should b 50 pips. as in figure no. 1 shoing stop loss and no. 3 showing take profit.
this is all about mother candle strategie. If you have any question you can ask . thanks
Ok, I have heard about this strategy long before.
I even watched the video on mother candle on youtube couple of times already, just to learn how to actually execute the trade.
However, I still do not understand how to execute the order from the identified mother candle. Should we wait for breakout then?
Breakout = wait for candle to close outside of the hi or low of the identified mother candle?
but, most of the time, there's fake breakout where candle broke the hi or low and the return back to the other direction.
Can you explain and clarify more on this strategy?