Trade commentary 152
● Points to Win
・There is momentum in the market
Not in a choppy, range-bound market, but a market with clear upward and downward moves. Sell high and buy low. Target selling after a rise and buying after a drop.
・Confirm strong buying candles near or breaking through the zone(for buying)
If buying, confirm a bottoming of the decline or a top when selling. For example, long lower wicks on a pin bar or doji. Especially when the counter-trend is strong, taking a small pause is safer.
・Smaller stop loss
When buying, aim for a distance not far below the lower wick of the preceding candle, so the stop loss is small. Or if the trade goes against you, you may exit early.
Additionally, please refer to the course for basic rules and how to use indicators. Thank you.