Trade Commentary 187
● Points to Win
・There is a clear price action
It is preferable to have a market with clear movement, not a range-bound, messy market. Sell at high prices, buy at low prices. Target selling after a rise, buying after a fall.
・Confirm strong buying candles near or breaking through a zone(In case of buying)
If buying, confirm a price bottoming out, or for selling confirm a peak. For example, long lower shadows on a pin bar or doji. Especially when the reverse trend is strong, a small retracement can be safer.
・Smaller stop-losses
When buying, aim for a distance not far below the lower shadow of the preceding candle, so the stop-loss becomes smaller. Alternatively, if the trade goes against you, you may exit early.
For other basic rules and how to use indicators, please refer to the course. Thank you.
