Trade Commentary 182

● Points to Win

・There is decisive price movement in the market

It's preferable to have a market with clear up and down movements rather than a messy, range-bound market. Sell high, buy low. Aim to sell after the price goes up, and buy after it goes down.

・Confirm strong bullish candles near the zone or after breaking the zone(for buying)

If buying, confirm a stop in the decline (for buying) or a top in the rise (for selling). For example, long lower wicks on a pin bar or a doji. Especially when the opposite trend is strong, taking a small pause is safer.

・Smaller stop losses

When buying, aim for a stop loss not far below the lower wick of the preceding candle as a guideline, so the stop range becomes smaller. Alternatively, you may cut early if the price moves against you.

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