Trade Commentary 138
● Points to Win
First,in Verification Modelook at everything around the zone, after breaking the zone, and where you made reversals. Basically, we don’t apply fine discretionary rules, but if you want to avoid losses or level up, keep the following in mind.
・There is a clear price action
Rather than a messy, range-bound market, a market with clear upward and downward movement is preferable. Sell high, buy low. Aim to sell after it rises, and buy after it falls.
・Confirm strong bullish candles near the zone or after breaking the zone(in buy scenarios)
If buying, confirm a bottoming out of the pullback; if selling, confirm a top-out. For example, a long lower wick on a hammer, or a spinning top. When the reverse trend is strong, it’s safer to take one more pause.
・Tighten the stop loss
When buying, aim for a distance not far below the lower wick of the candle just before the signal, so the stop loss is small. Alternatively, if the price moves against you, you may exit early.
※The 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.