Trade Commentary 44
● Points to Win
First,in Verification Modewatch everything near the zone, the zones that are broken, and the points where you bounced back. Basically, we don’t rely on fine discretion, but if you want to lose less or level up, keep the following in mind.
・There is decisive movement in the market
Not in a messy, range-bound market, but in a market with clear up and down price movement. Sell at high points, buy at low points. After a rise, aim to sell; after a fall, aim to buy.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm that the decline has stopped and if selling, confirm that the rise has halted. For example, a long lower shadow pin bar or a doji. Especially when the counter-trend is strong, taking a small step back is safer.
・Smaller stop-loss
When buying, aim for a distance not far below the lower shadow of the candle just before the target, so the stop-loss width becomes smaller. Alternatively, if the trade goes against you, you may cut early.
※Note that 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.