ummo Posted June 25, 2010 Report Share Posted June 25, 2010 http://img706.imageshack.us/img706/6286/masterr.gif http://www.multiupload.com/TDQNFFEKZM Enjoy. Gyverd, mashki, for-ex and 2 others 5 Quote Link to comment Share on other sites More sharing options...
Gyverd Posted June 26, 2010 Report Share Posted June 26, 2010 Great; Awesome Bro :-bd Quote Link to comment Share on other sites More sharing options...
for-ex Posted June 26, 2010 Report Share Posted June 26, 2010 Does anyone know how to use this? please clarify..many thanks Quote Link to comment Share on other sites More sharing options...
ummo Posted June 26, 2010 Author Report Share Posted June 26, 2010 Does anyone know how to use this? please clarify..many thanks Master candles are basically two scalp lines that form a recent high and low on a 1hr candle. You can use master candles on higher timeframes but I use them only on the 1hr. ... A master candle forms when a large candle engulfs the following four or more candles. ... The minimum number of candles the master candle needs to engulf is four, but the more the better. When a master candle forms it is an area of support and resistance being set. The idea is to locate the master candles on a chart, and then trade on the breaks of support and resistance. Of course, this trick takes some time to master, and it won't always work, since forex trading itself is rather risky. for-ex 1 Quote Link to comment Share on other sites More sharing options...
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