Trade commentary 149
● Points for Winning
・There should be clear market momentum
Not a messy, range-bound market; prefer a market with clear up and down movements. Sell at higher prices, buy at lower prices. Aim to sell after it rises, and buy after it falls.
・Confirm strong buying candles near or breaking through a zone(for buying)
If buying, confirm a bottoming of the decline or toping of the rise. For example, long lower wicks and hammer patterns, or small-bodied candles. Especially when the counter-trend is strong, adding a pause can be safer.
・Smaller stop losses
When buying, aim for a distance not far below the lower wick of the candle just before the move, so that the stop-loss is small. Alternatively, if the price moves against you, you may cut early.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.