Brain Master Candle 2.4

[ummo]

http://img706.imageshack.us/img706/6286/masterr.gif

 

http://www.multiupload.com/TDQNFFEKZM

 

Enjoy.

[Gyverd]

Great; Awesome Bro :-bd

[for-ex]

Does anyone know how to use this? please clarify..many thanks

[ummo]

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.