Trade Commentary 119
● Points to Win
Firstin Verification Modewatch everything around the zone, near the zone, and after breaking the zone, and after the rebound. Basically I don’t use too much fine discretion, but if you want to lose or level up, keep the following in mind.
・Markets with clear highs and lows
Not a messy, range-bound market; you want a market with solid up and down movement. Sell at the high, buy at the low. Aim to sell after it rises, buy after it falls.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm the price stops falling and if selling, confirm it stops rising. For example, long lower wicks on a pin bar or doji. When the reverse trend is strong, it’s safer to take a small cushion.
・Smaller stop losses
When buying, aim for a distance not far below the lower wick of the candle just before the target, so the stop loss is small. Or you may cut losses early if the price moves against you.
※Note that win rate is the result of optimization and does not guarantee future market movements, so please be aware.
For other basic rules and how to use indicators, please refer to the course. Thank you.