Trade Commentary 56
● Points to Win
Firstin Verification Modeplease look at all the areas around the zone, after breaking the zone, and where you reversed. Basically, I don’t apply fine discretion, but if you want to avoid losses or want to level up, keep the following in mind.
・There should be clear market dynamics
It’s better to have a market with clear movements up and down, not a choppy, range-bound market. Sell high and buy low. Aim to sell after it has risen and buy after it has fallen.
・Confirm strong bullish candles near the zone or after breaking the zone(for buying)
If buying, confirm it has halted its decline or halted its rise when selling. For example, long lower wicks on a pin bar or a marubozu. Especially when the counter-trend is strong, a small pause adds safety.
・Smaller stop-losses
When buying, look for a situation where the distance to the lower wick of the preceding candle isn’t too far, resulting in a smaller stop-loss. Alternatively, if the trade goes against you, you may cut early.
※Please note that 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.