What would constitute the perfect entry? It was alluded to earlier by Mr Ed. 1. price moves in your favour right from the get go 2. you can put a very tight stop behind it, without getting stopped out, making the risk as low as possible If there was a way to identify such entries, with a high degree of accuracy, then it ought to be possible to reverse engineer the selection process. It should be obvious, by looking at historical charts, where these entries occur.
M3, I know what the coloured lines are. (if other readers don't, here is a hint: They never cross) Though, I could not make it work advantageously. Maybe I ought to give it another thought. Should I? GO
It dropped 20 points below his low risk entry (unless he suggests it actually was a short), so not sure if you should.
Buying swings lows. Selling swing highs. Validly recognizing them in real time is a different matter, though.
Obviously to capture the entire move, you'd need to buy at the point of the swing low. But you can't possibly know it's a real swing low, as opposed to a fake, until it's already gone up quite a bit. It's all very frustrating.
Well, to be precise then. Did you refer to a low risk long entry or a low risk short entry? I know nothing, so I don't think my opinion matters or is of any interest to anyone. However, since you ask, I'd say that for a low risk long entry it's still a tad too early, unless you're looking for a scalp. 4000/4009.