Trade Commentary 8
● Points to Win
First,in the verification modelook at everything near the zone, around the zone, and after breaking the zone where you reversed. Basically, there is no fine discretionary action, but if you want to avoid losing or want to level up, keep the following in mind.
・There is a clear price action
Not a messy range-bound market, but a market with clear up and down movements. Sell at higher levels and buy at lower levels. Aim to sell after it rises and aim to buy after it falls.
・Near the zone or after breaking the zone, confirm a strong bullish candle(for buying)
If buying, confirm a price base on the downside and a ceiling on the upside when selling. For example, long lower wicks in a pin bar or a doji. When the reverse trend is strong, it is safer to take a step back.
・Stop loss becomes smaller
If buying, aim for a distance not far below the lower shadow of the candle just before the reference point, so the stop loss becomes smaller. Alternatively, truncate early if the price moves against you.
※Win rate is only the result of optimization and does not guarantee future market conditions, so please note this.
For other basic rules and how to use indicators, please refer to the course. Thank you.