Trade Commentary 47
● Points to Win
First,in Verification Modewatch everything around the zone, after breaking the zone, and where you turn back. Basically, we do not apply strict discretion, but if you want to avoid losses or level up, keep the following in mind.
・The market has variety
It’s better to have a market with clear movements up and down, not a choppy, range-bound one. Sell at higher prices, buy at lower prices. Aim to sell after an upward move and to buy after a downward move.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a price bounce at the bottom end and a price stop at the top end for selling. For example, long lower shadows on a pin bar or an indecisive candle. When the reverse trend is especially strong, a small pause can be safer.
・Smaller stop-losses
If buying, target a distance not far below the lower wick of the previous candle, so the stop-loss width becomes smaller. Alternatively, you may exit early if the market moves against you.
※Keep in mind that win rate is the result of optimization and does not guarantee future market behavior.
For other basic rules and how to use indicators, please refer to the course. Thank you.