Trade Explanation 163
● Points to Win
・There should be clear price action
Not a choppy, range-bound market, but a market with definite upward and downward moves. Sell at higher levels, buy at lower levels. Aim to sell after a rise and buy after a fall.
・Confirm strong buy candles near the zone or after breaking the zone(for buying)
If buying, look for a halt in the decline and a halt in the rise when selling. For example, long lower shadow pin bars or doji with a tail. When the reverse trend is strong, adding a buffer is safer.
・Smaller stop losses
When buying, target a distance not far below the lower shadow of the previous candle, so the stop loss is small. Alternatively, if the market moves against you, you can exit early.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.