Trade Commentary 174
● Points to Win
・There is a clear price movement
Rather than a messy, range-bound market, it is preferable to have clear upward and downward moves. Sell at high levels, buy at low levels. Aim to sell after it rises, and buy after it falls.
・Confirm strong buying candles near or breaking through the zone(for buying)
If buying, confirm a bottoming signal, and if selling, confirm a toping signal. For example, long lower shadow pins or doji. When the reverse trend is particularly strong, taking a small cushion is safer.
・Smaller stop-loss distances
If buying, look for a distance not far below the previous candle's lower shadow, so that the stop-loss width becomes small. Or, if the market moves against you, you may close early.
For other basic rules and how to use indicators, please refer to the course. Thank you.
