Trade commentary 170
● Winning Points
・There should be clear price action
Not a choppy, range-bound market; prefer markets with clear movement up and down. Sell at highs, buy at lows. Aim to sell after a rise and buy after a fall.
・Confirm a strong buying candle near or breaking through a zone(For buying)
If buying, look for a price reversal at support, and for selling, at resistance. For example, long lower wicks on pin bars or doji candles. Especially when the counter-trend is strong, adding a protective cushion is safer.
・Smaller stop losses
If buying, aim for a stop distance not far below the previous candle's lower wick; keep the stop relatively small. Alternatively, you may exit early if the price moves against you.
For other basic rules and how to use indicators, please refer to the course. Thank you.