Trade Commentary 46
● Points to Win
First,in validation modelook at everything around the zone, when you break the zone, and when you rebound. I generally don’t use fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・Markets with clear range and dynamics
It’s better to have a market with clear price movement, not a choppy, range-bound market. Sell high and buy low. Aim to sell after rises and buy after declines.
・Confirm strong bullish candles near the zone or after breaking the zone(for buying)
If buying, confirm support at the low of the downside wick, and if selling, confirm resistance at the high of the upside wick. For example, long lower wicks on pins or doji candles. When the reverse trend is strong, it’s safer to take a small pause first.
・Small take-profit targets
When buying, aim for a target not far below the lower wick of the preceding candle, keeping the stop loss small. Alternatively, you can exit early if the trade goes against you.
※Note: Winning rate is only 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.