Trade Commentary 176
● Points to Win
・There is a clear price movement in the market
Avoid choppy, range-bound markets; prefer markets with clear upward and downward moves. Sell at higher levels, buy at lower levels. Aim to sell after a rise and buy after a fall.
・Confirm a strong bullish candlestick near or breaking the zone(for buying)
If buying, confirm a stopping decline and for selling confirm a stopping rise. For example, long lower shadows on a pin bar or a doji. Especially when the counter-trend is strong, adding a small pause is safer.
・Smaller stop losses
When buying, target a distance not far below the lower shadow of the preceding candlestick, so the stop loss is small. Or exit early if the price moves against you.
For other basic rules and how to use the indicators, please refer to the course. Thank you.
