Trade Commentary 96
● Points to Win
Firstin validation modelook at all the areas around the zone, after breaking the zone, and where you rebound. Basically, I don’t apply fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・The market has clear swings
Not a muddled, range-bound market, but one with clear upward and downward movements. Sell when it’s high, buy when it’s low. Target sells after it has risen, and buys after it has fallen.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a stop of the decline or a halt of the rise for selling. For example, long lower wicks on a pin bar or a gravestone doji. When the reverse trend is strong, it’s safer to add a cushion.
・Stop losses become smaller
When buying, aim for a smaller stop loss by ensuring the distance to the prior candle’s lower wick isn’t too far. Alternatively, you may cut losses early if the price moves against you.
※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.