Trade commentary 33
● Points to Win
Firstin Verification Modewatch everything near the zone, after it breaks the zone, and where you turn back. Basically we don’t apply fine discretion, but if you want to lose or level up, consider the following.
• There is a clear price action in the market
Not in a messy, range-bound market, but a market with clear ups and downs. Sell at higher levels, buy at lower levels. Target sells after it rises, and buys after it falls.
• Confirm a strong bullish candlestick near or after breaking the zone(for buying)
If buying, confirm a support rather than a resistance stopping point, and if selling, confirm a resistance rather than a support stopping point. For example, a long lower wick in a hammer candle or a doji. Especially when a reverse trend is strong, a small cushion step helps safety.
• Stop loss becomes smaller
When buying, aim for a distance not far below the lower shadow of the previous candle, so the stop loss range becomes smaller. Alternatively, if the price moves against you, you may exit early.
※Note that 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.