Trade Explanation 17
● Points to Win
Firstin Verification Modewatch everything around the zone, near the zone, and after it breaks, and after the pullback. Basically there is not much discretionary; but if you want to avoid losses or want to level up, keep the following in mind.
・There is a clear price action
Not in a choppy, range-bound market; you want a market with clear upward and downward moves. Sell high, buy low. Target sells after a rise and buys after a fall.
・Confirm a strong bullish candle around the zone or after breaking the zone(for buys)
If buying, look for a stop in the decline and if selling, look for a stop in the rise. For example, long lower wicks on bullish candles like a pin bar or a marubozu. Especially when the reverse trend is strong, a small pause helps keep safety.
・Smaller stop-losses
When buying, aim for a distance not far below the lower wick of the preceding candle, so the stop loss is smaller. Or if the price moves against you, you may cut early.
※Win rate is merely the result of optimization and does not guarantee future market conditions, so please be careful.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.