Trade Commentary 69
● Points to Win
First,in Test Modewatch everything around the zone, the zone itself, and the points where you turn back after breaking the zone. Basically, I 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
Instead of a choppy, range-bound market, look for a market with clear price movement up and down. Sell at high points and buy at low points. Aim to sell after it has risen and to buy after it has fallen.
・Confirm a strong bullish candle near or after breaking the zone(for buying)
If buying, confirm a bottoming of the decline or a toping of the rise for selling. For example, candles with long lower wicks like a pin bar or a hammer. When the counter-trend is strong, taking a small pause adds safety.
・Smaller stop losses
When buying, aim for a distance not far below the lower wick of the preceding candle, so the stop loss is small. Alternatively, cut losses early if the price moves against you.
※Note that win rate is the result of optimization and does not guarantee future market behavior, so please be cautious.
For other basic rules and how to use indicators, please refer to the course. Thank you.