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bhai aapki strategy dekhne mein to badiya lag rahi hai, lekin maine kabhi use nahi kiya hai, aapne apni taraf se achchi tarah se explain kiya hai, lekin jayda screen shot naa milne ke karan samjh nahi aaya hai.![]()
Sabka Malik Ek
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mother candle is not the only trading technique that we should be concerned about because it is not detailed enough for us to be able to make something out of it until it is properly explained and also the attachment does not have anything in it as i have opened it and found nothing serious about it so i think you should try and do a better job about your strategy for us to know what you are talking about.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
dear friend
thank you for your effort but i hope that you will give us more clarification about this strategy : when we sell and when we by. the target pips .....
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I would say the charts included are clear in showing how to identify mother candle - which is the key candle in this mother candle strategy. Mother candle consist of at least 2 candlesticks with the following candlestick should remains inside the high and lows of the first candle, which also known as mother candle. No doubt about that. But, I would want to know when should we execute the order or enter the market? Wait for the next candle to break outside the highs and lows or it's considered break when the current candle move crossing the lines at least 10pips away?
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well based on the clear picture you have provided i think i can really understand this Mother candle strategy and i just have to trade based on this Mother candle strategy and in case i need more information i shall get back to the forum
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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?
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Ahmadali (2019-08-29)
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
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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