Trade Commentary 147
● Points to Win
・There should be clear market momentum
Not a choppy, range-bound market; a market with clear up and down movements is preferable. Sell at higher prices, buy at lower prices. Target selling after a rise, targeting buy after a fall.
・Confirm a strong buying candlestick near or breaking through a zone(For buying)
If buying, confirm a floor stop for downsides and a ceiling stop for upsides. For example, long lower shadows like a pin bar or a doji. When the reverse trend is strong, adding a small cushion makes it safer.
・Smaller stop losses
If buying, aim for a distance not far below the lower wick of the preceding candlestick as a guide, so the stop loss is small. Alternatively, if the market moves against you, you may exit early.
For other basic rules and how to use indicators, please refer to the course. Thank you.
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