Trade Commentary 13
● Points to Win
Firstin Validation Modewatch everything around the zone, after breaking the zone, and where you turn back. Basically, we don’t apply detailed discretionary rules, but if you want to avoid losses or level up, keep the following in mind.
・The market has dynamics
Not in a range-like messy market; a market with clear upward and downward movement is preferable. Sell high and buy low. Aim to sell after it rises, and buy after it falls.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a bottoming signal for the decline or a top when selling, such as a long lower wick on a hammer or a doji. It is especially safer to have a small cushion when the reverse trend is strong.
・Smaller stop losses
When buying, aim for a stop loss that isn’t far below the lower wick of the candle just before the signal, resulting in a smaller stop loss width. Alternatively, if the price moves against you, you may cut early.
※Win rate is simply the result of optimization and does not guarantee future market conditions, so please be aware.
For other basic rules and how to use indicators, please refer to the course. Thank you.