Trade Commentary 80
● Points to Win
First,in Verification Modelook at everything around the zone, after breaking the zone, and where you turned back. Basically we don’t apply fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・The market has clear price action
Avoid chaotic, range-bound markets; look for markets with evident up and down movement. Sell high, buy low. Aim to sell after it rises, and aim to buy after it falls.
・Confirm strong buying candles near the zone or after a breakout(for buying)
If buying, confirm it has stopped declining and, if selling, that it has stopped rising. For example, candles with a long lower wick like a hanging man or a marubozu. When the reverse trend is strong, adding a pause can be safer.
・Smaller stop-loss
When buying, aim for a distance not far below the preceding candle’s lower wick, so the stop-loss is small. Alternatively, if the trade moves against you, you may exit early.
※Win rate is only 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.