Trade Commentary 103
● Points to win
Firstin evaluation modeplease watch everything around the zone, after the zone, and what happens when you reverse. Basically there is not much discretionary detail, but if you want to avoid losses or level up, keep the following in mind.
・There is momentum in the market
Not in a choppy, range-bound market, but in a market with clear up and down moves. Sell high, buy low. Aim to sell after it goes up, and buy after it goes down.
・Confirm a strong bullish candle near or after breaking the zone(for buy cases)
If buying, confirm a bottoming signal; if selling, confirm a toping signal. For example, a long lower wick in a bullish pin bar or a spinning top. Especially when the counter-trend is strong, adding a small cushion is safer.
・Keep stop loss small
When buying, target not far below the lower wick of the preceding candle; look for a small stop loss width. Alternatively, if the trade goes against you, exit early.
※Winning rate is only the result of optimization and does not guarantee future market behavior, so please be careful.
For other basic rules and how to use indicators, please refer to the course. Thank you.