Trade Commentary 185
● Points to Win
・There should be clear swings in the market
Not a choppy, range-bound market. Look for a market with solid upward and downward moves. Sell high, buy low. Aim to sell after it rises, and aim to buy after it falls.
・Confirm strong buying candles near or breaking through a zone(for buying)
If buying, confirm a bottoming for a decline or a top for a rise when selling. For example, long lower wicks on a pin bar or a doji. When the reverse trend is strong, it is safer to take a small pause.
・Loss-cutting becomes smaller
When buying, look for a situation where the distance to the lower wick of the previous candle is not far, so the stop loss is small. Alternatively, you may 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.
