Trade Commentary 66
● Points to Win
First,in Verification Modewatch everything around the zone, after the zone is broken, and after price reverses. Basically, I don’t apply a lot of fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・There is rhythm in the market
Not a messy, choppy market in a range, but a market with clear up and down movements. Sell at higher levels, buy at lower levels. Target sales after price rises, and buys after price falls.
・Confirm a strong bullish candlestick near the zone or after breaking the zone(in case of buying)
If buying, confirm a stopper for the decline and a stopper for the rise when selling. For example, long lower wicks on a pin bar or doji. When the reverse trend is strong, it’s safer to take a small pause.
・Smaller stop losses
When buying, aim for a smaller stop loss by not delaying too far below the lower wick of the previous candlestick before the move. Alternatively, if the price moves against you, you can cut it early.
※Note that win rate is 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.