About this image :-
In this image you can see that a mother candle is form which color is red and again a baby candle is form which color is green and today in this post we talk about mother candle and how to work mother candle in trading. Welcome to this and now keep learning and careful learning.
What is mother candle in trading?
In trading a mother candle is simply meaning by a candle which is big as compare to next candle as well as next 3 to 5 candle and these candle price is not breakout the big candle. That is called mother candle in trading.
But in trading when you trade live market that time you need lots of experience so you must need learn in live market as compare to paper learning because paper learning is not useful in live market.
How to find mother candle in live market ?
There a some methods with the help of you can easily find mother candle when market is live.
Step first when market is close that time you take list of your top 500 stocks from Google
Step second when you take list than add all stocks in your watch list in any trading software
Step third when you add all stocks than you see top gainers you tape two time in % change
Step fourth when your top gainers stocks list in your software than start seeing your chart
Step fifth when you are seeing your chart than see mother candle like this post image
Step sixth when you find mother candle than mark this stock and focus daily on this chart
This is the perfect way with the help of this you can easily find mother candle in live market and it is a very profitable method for everyone.
What is the profit of mother candle in trading ?
In trading find here every candle and every candlesticks are lots of profit so in simple way the main profit is making profit in trading and this is very easily work for saying and real or live trading it is very difficult.
So we need lots of practice on every candlesticks as well as chart pattern or when your practice is good than you make good profit in trading and this is the profit of mother candle in trading.
How to work mother candle in trading ?
The mother candle work work is very easy in trading. Its work on the basis of price action or price movement its fully depended upon price action.
If price action is bullish or form bullish candle in live trading than its work is bullish type candle in trading.
If price action is bearish or form bearish candle in live market than its work is also bearish type candle in trading.
This is a way of working of mother candle in trading.
How to trade using mother candle ?
If you want to trade using mother candle than you must need to focus on these give steps :-
The first step is mark your mother candle means mark its higher price and lower price.
The second step is wait for al lest more than three candle.
The third step is when three candle is form than see its candle. ( if its candle is not break your mother candle high or low than this is good for your trade )
The fourth step is when you test your mother candle than wait for any big movement and also price action because without any pattern don’t trade.
The fifth step is when any price action is form and also big movement is form than see properly price action if price action or movement both are same than
The sixth step is you must measure your stop loss if stop loss is your range than
The seventh step is you can trade according to your price action.
These are some steps with the help of these you can trade using mother candle.
When we can buy using mother candle ?
If you want to buy using mother candle than you need to follow upper steps and that time you can see your price action if your price action is form any bullish candle sticks like hammer or morning star etc.
And also breakout your mother candle in upper side than you can buy using mother candle.
When we can sell using mother candle?
If you want to sell using mother candle than you must need to follow how to trade using mother candle steps and than when you start follow those steps that time a price action is concept come
When you are seeing price action that time you must see price action is bullish or bearish if price action form bearish pattern like evening star etc….
Than you see if your price breakdown in lower side and if stop loss is your range than
You can sell using mother candle and this is the perfect method of selling using mother candle
How we can make big profit in trading?
The making of big profit in trading the process is called discipline. If you follow discipline daily like you sleep on time you wake up on time you read daily book and follow your time table than
May be you can make big profit in trading and you need to also focus on your pattern
According to your pattern trade in live market don’t try to use emotion or experience
This way you can make one day big profit in trading if you follow every time as well as every second.
What is the learning of this post ?
There are lots of learning in this post like that
The first learning of this post is mother candle I know there are lots of person don’t know it.
The second learning of this post is How to find mother candle in live market.
The third learning of this post is profit of mother candle in trading.
The fourth learning of this post is works of mother candle in trading.
The fifth learning of this post is how to trade using mother candle.
The sixth learning of this post is when we can buy or sell using mother candle.
The seventh learning of this post is how we can make big profit in trading field.
These are whole learning of this post and focus it because this is not only for reading but if follow these process than one day you become a profitable trader in your field.
