Trade Commentary 6
● Points to Win
Firstin Verification Modelook at everything around the zone, around the zone, and after breaking the zone, and where you counter-turned. Basically we don’t do fine discretion, but if you want to lose or level up, keep the following in mind.
・There is a clear market structure
Not in a messy, range-bound market, but in a market with clear moves up and down. Sell at high points, buy at low points. Aim to sell after it rises, buy after it falls.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a stop in the downtrend and if selling, a stop in the uptrend. For example, long lower wicks in pin bars or doji/jaggy candles. Especially when the reverse trend is strong, it’s safer to step back a notch.
・Smaller stop losses
When buying, aim for a distance not far below the lower wick of the preceding candle, so that the stop loss is small. Or you may cut early if the price moves against you.
※Win rate is only the result of optimization and does not guarantee future market behavior, so please note.
For other basic rules and how to use indicators, please refer to the course. Thank you.