Trade Commentary 67
● Points to Win
First,in Verification Modewatch everything around the zone, near the zone, and after breaking the zone, and after you turn back. Basically we don’t use fine discretion, but if you want to avoid losing or level up, keep the following in mind.
・There is a clear market structure
Not in a choppy, range-bound market, but in a market with clear movement up and down. Sell high and buy low. Aim to short after it rises, and to buy after it falls.
・Near the zone or after breaking the zone, confirm strong bullish candles(for buying)
If buying, confirm that it stops falling, and if selling, confirm that it stops rising. For example, long lower wick bullish candles (pin bars) or doji candles. Especially when the reverse trend is strong, adding a buffer is safer.
・Tight stop losses
If buying, target a distance not far below the lower wick of the preceding candle, so that the stop loss becomes small. Alternatively, you may cut quickly if the trade moves against you.
※Remember that the win rate is the result of optimization and does not guarantee future market conditions, so please be careful.
For other basic rules and how to use indicators, please refer to the course. Thank you.