Trade explanation 26
● Points to Win
First of allin test modewatch everything around the zone, just after breaking out the zone and after the reversal. Basically there isn’t much discretion, but if you want to avoid losing or level up, keep the following in mind.
・There is certainty in the market
Not a messy, range-bound market; a market with clear moves up and down. Sell high, buy low. Aim to sell after a rise, and aim to buy after a decline.
・Confirm a strong bullish candlestick near the zone or after breaking the zone(for buying)
If buying, confirm a bottoming signal for the decline, or for selling, confirm a toping signal for 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 pause.
・Small stop losses
If buying, aim for a distance not far below the lower shadow of the preceding candle, where the stop loss width becomes small. Or if the price moves against you, you may cut quickly.
※Win rate is only the result of optimization and does not guarantee future market movements, so please be cautious.
For other basic rules and how to use indicators, please refer to the course. Thank you.