Trade commentary 144
● Points to Win
・There should be clear price action
Not a choppy, range-bound market; a market with firm upward and downward moves is preferable. Sell at higher prices, buy at lower prices. Aim to sell after a rise, and buy after a drop.
・Confirm a strong buying candlestick near or beyond the zone(for buying)
If buying, confirm a bottoming or if selling, a top. For example, long lower shadow pins or doji candles. Especially when the reverse trend is strong, adding a small cushion makes it safer.
・Smaller stop losses
When buying, aim for a distance not far below the lower shadow of the preceding candle, so the stop loss is small. Alternatively, if the price moves against you, exit early.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.