Trade Commentary 81
● Points to Win
First of allin Verification Modelook at everything around the zone, and after breaking the zone and after you pivot, see it all. Basically, there isn’t much fine discretion, but if you want to avoid losing or want to level up, keep the following in mind.
・The market has dynamics
Not a messy, range-bound market; it’s better when there is clear movement up and down. Sell high, buy low. Target selling after the price rises, and buying after it falls.
・Confirm a strong bullish candlestick near the zone or after breaking the zone(for buying)
If buying, confirm a support halt on the downside, and if selling, confirm a resistance halt on the upside. For example, long lower wicks like a pin bar or a doji. When the reverse trend is strong, it is safer to take a small pause.
・Smaller stop loss
When buying, target a small stop loss by not letting distance from the prior candle’s lower wick be too large. Alternatively, you may exit early if the price moves against you.
※Win rate is merely 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.