Master candles were first introduced to me by a fellow trader from my site. They're very simple and fit in well with my trading method. 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.… More…
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About Art of the Chart
At the beginning of each week, I release video analysis showing all the possible trades based on my trading method for the upcoming week. I trade only GBP/JPY and average about 100 pips per week. I take trades based on support and resistance lines, candle patterns, and price action.
My method is very simple but before you trade it you should download my free PDF manual. It is important that you understand how I trade instead of just jumping in blindly when a trade is triggered. The goal is for you to become a consistently profitable trader, so start reading and learning.
Who is Nick B?
Nick Bencino is a professional Forex trader with 5 years experience.
He is also founder of Forex4noobs.com from which he teaches new traders how to trade the Forex market.
December 2008 Monthly Archive
Grab my new free NickB method Master Candles e-Book and learn how to trade master candles.… More…
That's why scalp lines are so effective at the moment because they are based off current price action. SO what do we do? WE ADAPT! We do not use S+R lines until the market reverses and moves towards more familiar prices, where there is more history to base S+R lines accurately.… More…