Trade Commentary 145
● Points to Win
・There should be clear price action
Not a choppy, range-bound market, but a market with clear moves up and down. Sell at higher prices, buy at lower prices. After a rise, aim to sell; after a fall, aim to buy.
・Confirm strong buying candles near the zone or after breaking the zone(For buying)
If buying, confirm a price stall on the downside or a price stall on the upside if selling. For example, long lower wicks on a pin bar or a doji. Especially when the counter-trend is strong, adding a cushion is safer.
・Smaller stop losses
If buying, look for a distance not far below the previous candle's lower wick, so that the stop loss is small. Or, if the price moves against you, exit early.
For other basic rules and indicator usage, please refer to the course. Thank you very much.