Trade Commentary 192
● Points to win
・There should be decisive price action
Not a range-bound, messy market; a market with clear moves up and down is preferable. Sell at higher prices, buy at lower prices. Aim to sell after rises and buy after declines.
・Near a zone or after breaking through the zone, confirm a strong bullish candlestick(in case of buying)
If buying, confirm a stopping of the decline or a stopping of the rise if selling. For example, long lower wicks like pin bars or doji. Especially when the opposite trend is strong, adding a cushion step is safer.
・Smaller stop loss
If buying, target a distance not far below the lower wick of the preceding candle, so that the stop loss becomes smaller. Or you can exit early if the trade goes against you.
For other basic rules and how to use indicators, please refer to the course. Thank you for your cooperation.
