Trade Commentary 108
● Points to Win
Firstin validation modewatch everything around the zone, near the zone, after breaking the zone, and where you turn back. Basically we don’t rely on subtle discretionary rules, but if you want to avoid losses or level up, keep the following in mind.
・The market has momentum
Not a messy range-bound market, but a market with clear movements up and down. Sell at high points, buy at low points. Target selling after it moves up, targeting buying after it moves down.
・Confirm a strong bullish candlestick near or after the zone(for buying)
If buying, confirm a stabilization of the decline and if selling, confirm a stabilization of the rise. For example, long lower wicks on a pin bar, or doji bars. Especially when reverse trends are strong, it’s safer to take a brief pause.
・Stop loss becomes smaller
When buying, aim for a distance not too far below the previous candle's lower wick, so that the stop loss is small. Or, alternatively, you may exit 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.