Trade Commentary 24
● Points to Win
First of allin verification modewatch everything around the zone, near the zone, after breaking the zone, and after you turn back. Basically, we don’t use much fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・There should be clear price action
Not a messy, range-bound market; a market with clear moves up and down is preferable. Sell at higher prices, buy at lower prices. Aim to sell after it rises, and aim to 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 decline and if selling, confirm a halt in the rise. For example, a long lower wick on a pin bar or a doji. When the reverse trend is strong, it’s safer to take a small cushion first.
・Loss cut becomes smaller
If buying, aim for a distance not far below the lower wick of the previous candlestick as a guide, and for a smaller stop loss. Alternatively, you may cut early if the price moves contrary to your position.
※Please note that the win rate is the result of optimization and does not guarantee future market conditions.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.