Trade commentary 16
● Points to Win
First,in Verification Modewatch everything around the zone, after the zone and after breaking the zone, and when you turn back. Basically, I don’t apply fine discretion, but if you want to avoid losses or level up, consider the following.
・There is a clear trend in the market
Not a messy, range-bound market; a market with clear up and down movements. Sell high, buy low. Target sells after it rises, and buys after it falls.
・Confirm a strong bullish candle near the zone or after breaking the zone(for buying)
If buying, confirm a support stop; if selling, confirm a resistance stop. For example, long lower wicks like a bullish pin bar or a doji. Especially when the reverse trend is strong, taking a small step back is safer.
・Smaller stop-loss
When buying, aim for a distance not far below the lower wick of the candle preceding the signal, so that the stop-loss width is small. Or, if the price moves unfavorably, you may cut early.
※Note that win rate is the result of optimization and does not guarantee future market behavior, so please be aware.
For other basic rules and how to use indicators, please refer to the course. Thank you.