Trade Commentary 169
● Points to Win
・There should be clear price action
Not a choppy, range-bound market. It’s better when there is firm movement up and down. Sell at higher levels, buy at lower levels. Target selling after a rise, targeting buying after a fall.
・Confirm bullish candles near or breaking through a zone(for buying)
If buying, confirm a bottoming process when it stops falling, or if selling, confirm a top when it stops rising. For example, long lower wicks on a pin bar or a doji. Especially when the opposite trend is strong, it’s safer to take a small pause.
・Small stop-loss
When buying, aim for a distance not far below the lower wick of the previous candle as a guide, so that the stop-loss is small. Or cut quickly if the trade goes against you.
Additionally, please refer to the course for basic rules and how to use indicators. Thank you in advance.