Trade Commentary 183
● Points to Win
・There should be clear price action
Not a choppy market in a range; prefer a market with clear moves up and down. Sell at higher prices, buy at lower prices. Aim to sell after a rise, and buy after a drop.
・Confirm strong buying candles near the zone or after breaking the zone(for buying)
If buying, confirm a bottoming signal for a decline, or a toping signal for a rise when selling. For example, long lower wicks on a pin bar or doji. Especially when the reverse trend is strong, taking a one-step buffer is safer.
・Smaller stop losses
When buying, look for a scenario where the distance to the previous candle's lower wick is not far, so the stop loss becomes smaller. Or cut losses early if the market moves against you.
For other basic rules and how to use indicators, please refer to the course. Thank you.
