Trade Explanation 191
● Points to Win
・There should be clear volatility in the market
Not a choppy, range-bound market; prefer a market with solid upward and downward moves. Sell high, buy low. Aim to sell after it rises, aim to buy after it falls.
・Confirm strong buying candles near or breaking through a zone(For buying)
If buying, confirm a bottoming tail or top of a bottoming formation, and for selling confirm a top or a reversal. For example, long lower shadow pin bars or doji candles. Especially when the reverse trend is strong, a small pause can be safer.
・Smaller stop loss
When buying, aim for a stop loss not far below the previous candle's lower wick, so the stop loss is 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.
