Trade Commentary 27
● Points to Win
First, in Validation Modewatch everything around the zone, just after drawing a zone or breaking it, and after the rebound. Basically we don’t apply fine discretionary rules, but if you want to avoid losses or level up, keep the following in mind.
・There is a clear market structure
It’s better to have a market with clear up and down movements rather than a range-bound, chaotic market. Sell at higher levels, buy at lower levels. Look to sell after it rises, and buy after it falls.
・Confirm strong buying candles near or after breaking the zone(for buying)
If buying, confirm a stopping point for the downward move and for selling, a stopping point for the upward move. For example, long lower wicks on a pin bar or a doji. Especially when the opposite trend is strong, adding a cushion is safer.
・Smaller stop losses
When buying, aim for a distance not too far below the lower wick of the candle just before the reference point, so that the stop loss is smaller. Or you can exit early if the price moves unfavorably.
※ The win rate is 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.