Trade Commentary 153
● Points to Win
・There is volatility in the market
It is not a messy, range-bound market; it should have clear upward and downward movements. Sell at higher prices, buy at lower prices. Aim to sell after the price goes up and buy after it goes down.
・Near a zone or after breaking a zone, confirm a strong bullish candlestick(In case of buying)
If buying, confirm a reversal at the bottom or a reversal at the top if selling. For example, long lower wicks on a pin bar or a doji. Especially when the reverse trend is strong, it is safer to take a light pause.
・Smaller stop losses
If buying, target when the distance to the lower wick of the preceding candle is not far, so that the stop loss becomes smaller. Alternatively, if the trade goes against you, you may exit early.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.