Trade Commentary 142

● Points to Win

・There should be clear price action

Not in a choppy, range-bound market; a market with solid up and down moves is preferable. Sell at higher prices, buy at lower prices. Aim to sell after a rise, and aim to buy after a drop.

・Confirm strong buying candles near the zone or after breaking through the zone(for buying)

If buying, confirm a halt in the decline or a halt in the rise for selling. For example, long lower wicks on pin bars or doji candles. Especially when the opposite trend is strong, taking a one-step pause is safer.

・Smaller stop losses

When buying, look for a stop loss not far below the lower shadow of the preceding candle, so the stop loss is small. Or if the trade goes against you, you may exit early.

For other basic rules and how to use indicators, please refer to the course. Thank you very much.