Trade Commentary 62
● Points to Win
First,in verification modewatch everything around the zone, near the zone, after breaking the zone, and after you rebound. Basically, there isn’t much discretionary judgment, but if you want to avoid losses or level up, keep the following in mind.
・The market has clear swings
Not a messy, range-bound market, but a market with clear up and down movements. Sell at higher prices, buy at lower prices. Aim to sell after it rises, and buy after it falls.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a bottoming signal (reversal), and if selling, confirm a toping signal. For example, long lower wicks on a pin bar or a doji. Especially when the reverse trend is strong, adding a small cushion for safety is wise.
・Smaller stop losses
If buying, aim for a stop loss not far below the lower wick of the candle just before the entry when the distance is small, resulting in a smaller stop loss. Alternatively, you may exit early if the price moves against you.
※Win 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.