Trade Commentary 158
● Points to Win
・There should be clear volatility in the market
Rather than a messy, range-bound market, it is preferable to have price action with clear up and down movements. Sell at higher prices, buy at lower prices. After price rises, aim to sell; after price falls, aim to buy.
・Confirm strong buying candles near the zone or after breaking through the zone(for buying)
If buying, confirm a price floor or ceiling when selling or buying is near completion. For example, long lower shadows on a pin bar or doji. Especially when the opposite trend is strong, it is safer to take a small pause.
・Smaller stop losses
If buying, look for a stop loss not to be far below the lower wick of the previous candle, so the stop loss range is small. Alternatively, if the market moves against you, you may close early.
For other basic rules and how to use indicators, please refer to the course. Thank you.