Trade Commentary 124
● Points to Win
First,in verification modewatch everything around the zone, after breaking the zone, and the places where you reversed. Basically, we don’t apply a lot of discretionary rules, but if you want to avoid losses or level up, keep the following in mind.
• The market has a clear rhythm
Not a messy, range-bound market; look for market moves that have clear up and down movements. Sell high, buy low. Aim to sell after a rise and to buy after a fall.
• Confirm strong bullish candles near or breaking the zone(for buying)
If buying, confirm a stopping of the decline, and if selling, confirm a stopping of the rise. For example, long lower shadows like a pin bar or a marubozu. Especially when the reverse trend is strong, it’s safer to take a small pause.
• Stop-loss becomes smaller
When buying, aim for a distance not far below the lower wick of the preceding candle, so the stop-loss width becomes small. Or you may cut early if the market moves against you.
※ Win rate is merely the result of optimization and does not guarantee future market behavior, so please be aware.
For other basic rules and how to use indicators, please refer to the course. Thank you.