Trade Commentary 70
● Key Points to Win
First, in Verification Mode observe everything around the zone, around the zone, and after breaking the zone, including the pullbacks. Basically, there isn't much detailed discretion, but if you want to avoid losses or level up, keep the following in mind.
・ The market has rhythm
Rather than a range-bound, messy market, prefer a market with clear movement up and down. Sell high, buy low. Aim to sell after a rise, and aim to buy after a drop.
・ Confirm a strong bullish candlestick near the zone or after breaking the zone(for buying)
If buying, confirm that the decline has stopped and if selling, that the rise has halted. For example, long lower wicks on a pin bar or a doji. When the counter-trend is strong, a small pause can increase safety.
・ Loss-cut becomes smaller
When buying, aim for a loss-cut distance not far below the lower wick of the prior candle, so the stop loss is small. Alternatively, you may exit early if the price moves against you.
※ 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 material. Thank you.