Trade Commentary 161
● Points to Win
・Market has clear swings
Not a messy, range-bound market, but a market with clear upward and downward moves. Sell at higher prices and buy at lower prices. Target selling after a rise and buying after a drop.
・Confirm strong buying candles near a zone or after breaking through the zone(for buying)
If buying, confirm a reversal from a decline or a halt in an advance if selling. For example, long lower shadows on a pin bar or a doji. Especially when the reverse trend is strong, it's safer to take a small step back.
・Loss cut becomes smaller
When buying, target a distance not far below the lower shadow of the preceding candle, so that the stop loss is small. Alternatively, if the trade goes against you, you may cut early.
For other basic rules and how to use indicators, please refer to the course. Thank you.