31# Trading System, MC Method Trading System

Master Candle

Submit by Maximo Trader  24/02/2012

 

 

No Trading into a SR (Support/Resistance) zone

• If the SR zone is closer than the size of the Master Candle then no trade.

• Trade only on the B1 B2 B3 Candle's breaking the MC High/Low

Pair Rules:

GBP/USD, GBP/JPY

• Trade Master Candle sizes between 40-105 pips

• If Master Candle is greater or less than the above sizes then no trade.

Entries

The most important part of the method.

Longs:

5 pips above the Master Candle High + Spread. As you can see in the picture

below the green line was our long entry

 


In the pictures Trading System, MC Method forex system in action.

Shorts:

5 Pips below the Master Candle Low. As you can see in the picture below the red line was our short entry

 

 

Exits

If you want to make money you need to close your trade at some point.

Profit Targets:

Profits will vary in pip from pair to pair but as a general rule you want to target the size of the Master Candle. So if the size of the master candle is 35pips we set our profit target at minimum of 35pips as the example below. Now saying this it is very important that we base our target on price movement over a strict rule of Master Candle size. So if the next price area that you can see a turn around is 80pips away then you should be targeting there.

 


Stop Placement:

Stops are meant to be used to give you the MAXIMUM possibility to win in your trade. Their placement will also clearly show you that your direction was incorrect. With this in mind the stops are placed on the other side of the master candle entry.

 

 

MC Method
MC Method.pdf
Adobe Acrobat Document 262.2 KB

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 0

Forex Method

231# Stochastic MTF Method with m-candle (Scalping) - Forex ...

236# David Bradshawfx Scalping

218# Forex Galveston

40# Scalping Method - Forex Strategies - Forex Resources - Forex

120# The Secret Method 2.7 - Forex Strategies - Forex Resources

146# Synergy Method - Forex Strategies - Forex Resources - Forex

60# Magic Bands: Scalping Method - Forex Strategies - Forex ...

32# The Secret Method - Forex Strategies - Forex Resources - 

37# 30pips Method - Forex Strategies - Forex Resources - Forex ...

27# Lindencourt Method 15 TF - Forex Strategies - Forex 

11# SRDC Method Level II with Fibo - Forex Strategies - Forex ...

94# Forex Soloist Method - Forex Strategies - Forex Resources ...

47# 5min Method - Forex Strategies - Forex Resources - Forex ...

102# The Dance Trading Method - Forex Strategies - Forex ...

61# The Retracement Market Method - Forex Strategies - Forex ...

30# Triangle Trading Method - Forex Strategies - Forex Resources

89# The Outsider Method - Forex Strategies - Forex Resources ...

226# Fozzy Method - Forex Strategies - Forex Resources - Forex ...

12# SRDC Method Level III - Forex Strategies - Forex Resources ...

231# Stochastic MTF Method with m-candle (Scalping) - Forex ...

45# B.O.S.S. Breakout Method - Forex Strategies - Forex 

4# Abid Method - Forex Strategies - Forex Resources - Forex ...

13# Breakout H1 Method - Forex Strategies - Forex Resources ...

186# Hakeem's forex Intraday Method - Forex Strategies - Forex ...

42# Stochastic Trading Method I “ Basic Momentum” - Forex ...

154# The Bat Method - Forex Strategies - Forex Resources - Forex

74# Sidus Method V.2 - Forex Strategies - Forex Resources - 

34# Hoover Method - Forex Strategies - Forex Resources - Forex ...

46# Stochastic Trading Method V, “Spudfyre” - Forex Strategies ...

44# Stochastic Trading Method III “ MTF Scalp ” - Forex Strategies ...

95# 5 min Method - Forex Strategies - Forex Resources - Forex ...

279# OAN FX Method - Forex Strategies - Forex Resources - 

160# Sexy Stochastic method Boxingislife - Forex Strategies - 

73# Sidus Method - Forex Strategies - Forex Resources - Forex ...

119# Sperandeo Victor, Trendline Method - Forex Strategies - 

325# Past Regression Deviated Method - Forex Strategies - Forex

36# Valeo FX Method - Forex Strategies - Forex Resources - Forex

347# Arno Forex trend following Method - Forex Strategies - Forex

31# MC Method - Forex Strategies - Forex Resources - Forex ...

192# 5 min Trading Guide - Forex Strategies - Forex Resources ...