Trade Commentary 52
● Points to Win
First, in the testing modeplease examine everything around the zone, after the zone has been broken, and the moments of price reversals. Basically, we do not apply much discretionary judgment, but if you want to avoid losses or level up, keep the following in mind.
・The market has clear decisiveness
Not in a messy, range-bound market, but in a market with clear moves up and down. Sell high, buy low. Aim to sell after it rises, and to buy after it falls.
・Confirm a strong bullish candle near the zone or after breaking the zone(for buys)
If buying, look for a stop in the downtrend and, if selling, a stop in the uptrend. For example, a long lower wick pin bar or a doji. It is especially safer to take a little pause when the reverse trend is strong.
・Small stop losses
When buying, target a distance not far below the lower shadow of the preceding candle; the stop loss should be 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.