Trade Commentary 64
● Points to Win
First of allin Verification Modelook at everything around the zone, after breaking the zone, and after the reversal. Basically I don’t apply much discretion, but if you want to avoid losses or level up, keep the following in mind.
・Market has a clear rhythm
Not a messy, range-bound market, but a market with clear up and down moves. Sell at higher prices, buy at lower prices. Aim to sell after it rises, and aim to buy after it falls.
・Confirm a strong bullish candlestick near the zone or after breaking the zone(for buying)
If buying, confirm a stopping decline and, if selling, a stopping rise. For example, a long lower shadow pin bar or a spinning top. Especially when the reverse trend is strong, it’s safer to take a brief pause.
・Smaller stop losses
When buying, look for a distance not far below the lower wick of the previous candle, so that the stop loss is small. Alternatively, if the price moves against you, you may cut early.
※Please note that win rate is only 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.