Trade Commentary 91
● Points to Win
First,in verification modewatch everything around the zone, after breaking the zone, and the places where you retrace. Basically we do not apply fine discretionary rules, but if you want to avoid a loss or level up, keep the following in mind.
・There is momentum in the market
Not a messy, range-bound market; a market with clear up and down moves. Sell high, buy low. Aim to sell after the price rises and to buy after it falls.
・Confirm strong bullish candlesticks near the zone or after breaking the zone(for buy)
If buying, confirm a bottoming tail (support) and, if selling, confirm a toping tail (resistance). For example, long lower wicks on pin bars or doji-type candles. Particularly when the reverse trend is strong, adding a small buffer is safer.
・Smaller stop losses
If buying, aim for a distance not far below the lower wick of the preceding candle, so the stop loss is smaller. Alternatively, if the price moves unfavorably, you may cut early.
※Win rate is only the result of optimization and does not guarantee future market conditions, so please be aware.
In addition, for basic rules and how to use indicators, please refer to the course. Thank you.