Trade commentary 121
● Points to Win
First, in Verification Modeplease look at everything near the zone, after the zone is broken, and after you turned back. Basically we do not use fine discretionary judgments, but if you want to avoid losses or level up, consider the following.
・There is a clear price action in the market
Not in a muddy, choppy range-bound market, but in a market with clear ups and downs and decisive movements. Sell at high points and buy at low points. Aim to sell after it rises, and aim to buy after it falls.
・Confirm a strong bullish candle near the zone or after breaking the zone(in case of buying)
If buying, confirm a stoppage in the decline and a stoppage in the rise if selling. For example, a long lower wick on a pin bar or a marubozu. When the reverse trend is strong, a small retrace can be safer.
・Loss-cut becomes smaller
If buying, target a distance not far below the lower wick of the preceding candle, so the stop loss becomes smaller. Or, if the trade goes against you, 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.