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I marked up a chart with what see. As I say in the chart, i think the entry could be lower, but as Massive said, it is in a down trend and you are at the demand line and horizontal resistance, plus the volume is light on the rally. I didn't point that out. Good catch. The question is, is the volume light because its the end of the day? Also, this is a 5 min, so higher time frame support could turn the market. And with the high volume coming in at support and no follow through, I would wonder if the down move is over. That is partly why I like to enter at the support if I can. You can scale out part of the position and move the stop to B/E and if it breaks you are golden and if it comes back and stops you out you still make something on the trade. This is all hind sight of course. Its really best to trade what you see in front of you. I hope this is all clear.
This video is long. Its 30 minutes. I look at Crude, euro and the ES and also look at ways to use the information to make trade decisions. I know without indicators to assist it can be difficult. Since this is a Wyckoff Thread i don't really want to get into using indicators, so I spend time on other ways to use the info to enter.
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