Trade Commentary 179
● Points to Win
・The market has clear swings
Not in a range-bound, messy market; a market with clear up and down movements is desirable. Sell at highs, buy at lows. Aim to sell after it goes up, and buy after it goes down.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a halt in decline or a halt in rise for selling. For example, long lower wicks like a hammer or a candle with a narrow body. Especially when the reverse trend is strong, taking a one-step pause is safer.
・Smaller stop-loss
If buying, aim for a stop-loss that is not far below the lower wick of the previous candle, so the stop-loss width becomes small. Alternatively, if the price moves against you, you may cut early.
For other basic rules and how to use indicators, please refer to the course. Thank you very much.
