Trade Commentary 172

● Points to Win

・There should be decisive price action

Not a choppy, range-bound market but a market with clear moves up and down. Sell at higher prices, buy at lower prices. Aim to sell after a rise and buy after a decline.

・Confirm a strong buy candle near the zone or after breaking the zone(for buying)

If buying, confirm a bottoming in the decline or a top in the rise when selling. For example, long lower wicks on pin bars or marubozu candles. Especially when the counter-trend is strong, a small pause helps safety.

・Smaller stop loss

When buying, look for a distance not far below the preceding candle's lower wick, so the stop loss is small. Alternatively, if the trade goes against you, you may exit early.

For other basic rules and how to use indicators, please refer to the course. Thank you very much.