Trade Explanation 45
● Points to Win
First,in the verification modewatch everything around the zone, after breaking the zone, and the rebounds. Basically, there isn’t much discretionary judgment, but if you want to avoid losses or level up, keep the following in mind.
・Volatility with a clear rhythm in the market
Rather than a messy range-bound market, look for a market with clear up and down price movement. Sell at higher prices, buy at lower prices. Aim to sell after it rises and aim to buy after it falls.
・Confirm a strong bullish candlestick near the zone or after breaking the zone(for buying)
If buying, confirm a bottoming tail (lower wick) and, if selling, a topping tail (upper wick). For example, a long lower wick pin bar or a doji. Especially when the reverse trend is strong, it’s safer to take a small pause.
・Smaller stop-losses
If buying, aim for a distance not far below the lower wick of the candle prior to entry, so the stop-loss is small. Alternatively, if the price moves against you, you may exit early.
※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.