Trade Commentary 122
● Points to win
Firstin verification modelook at all the areas near the zone, after breaking the zone, and where you reverse. Basically, I don’t use fine discretion, but if you want to avoid losses or level up, keep the following in mind.
・Market has clarity
Not in a messy, range-bound market; prefer markets with clear upward and downward movement. Sell high, buy low. Aim to sell after a rise, and buy after a fall.
・Confirm strong buy candles near or just after breaking the zone(for buying)
If buying, confirm a stopping of the decline and a stopping of the rise if selling. For example, long lower wicks of pin bars or doji bars. When the reverse trend is strong, it is safer to take a one-step pause.
・Smaller stop loss
When buying, target a distance not far below the lower wick of the candle just before the entry, so the stop loss becomes small. Or 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.