Trade Commentary 156
● Points to Win
・There is a clear price movement in the market
It is better to have a market with decisive ups and downs rather than a choppy, range-bound market. Sell at higher prices, buy at lower prices. Aim to sell after a rise and to buy after a drop.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a stop of the decline and if selling, confirm a stop of the rise. For example, long lower wick pin bars or doji candles. Especially when the counter-trend is strong, it is safer to take a small pause.
・Loss-cut becomes smaller
When buying, aim for a small loss by having the distance not far below the lower wick of the preceding candle, or keep the stop-loss width small. Alternatively, you may exit early if the trade goes against you.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.