Trade Commentary 175
● Winning Points
・There is a clear price action
Rather than a choppy, range-bound market, a market with clear moves up and down is preferable. Sell at the high, buy at the low. Target selling after it rises, targeting buying after it falls.
・Confirm strong buying candlesticks near the zone or after breaking the zone(for buying)
If buying, confirm a stopping low for the downside or a stopping high for the upside when selling. For example, long lower wick pin bars or doji candles. Especially when the reverse trend is strong, a small cushion is safer.
・Losses are small
When buying, aim for a distance not too far below the previous candle’s lower wick and a small stop loss. Or cut losses early if the price moves against you.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.
