Trading Commentary 58
● Points to win
First,in Verification Modeplease watch everything around the zone, the zone breaks, and the pullback. Basically, we don’t apply fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・There is a clear market structure
Not a cluttered, range-bound market, but a market with clear upward and downward movement. Sell high and buy low. Aim to sell after a rise and to buy after a dip.
・Confirm strong bullish candles near the zone or after breaking the zone(for buying)
If buying, look for a stop in the decline and in selling, a stop in the rise. For example, long lower wicks on a bullish pin bar or a hammer. In particular, when the counter-trend is strong, taking a brief pause can be safer.
・Smaller stop loss
If buying, target a distance not far below the lower wick of the candle just before the entry, so that the stop loss becomes smaller. Or you may exit early if the trade moves against you.
※Win rate is only the result of optimization and does not guarantee future market conditions, so please be cautious.
For other basic rules and how to use indicators, please refer to the course. Thank you.