Yes, that's how I view it under those circumstances. But if it closed out the day negative I wouldn't want to see it resume the following session continuing to print lower highs & lows.
That wouldn't be good form at all & contradict most of what drives the primary objective of this particular approach.
Not unless I'm already seated. But you can't know how the remainder of the week is going to play out, which is why if you prefer, you can manage your bets via daily levels. It really does all come down to your individual risk profile & how it relates directly to your capital exposure.
If your individual (or total) exposure on a bet or pyramid structure represents a small percentage of capital you have way more margin for error (& time) than if you're ramping up your capital exposure at outset.
Exactly, which is where their constant reminders about profiling higher probability filtering comes into play.
They've constantly hammered home the point about the importance of filtering & my stats back it up, particularly when triggering via pullbacks in sync with dominant flow. Those really are the premier entry choices.
If Monday or Tuesday had been a fresh entry then yes I would, especially as it had failed to gain traction at & above the previous week's highs.
How many times have they warned/prompted us to pay even closer attention to activity on & around significant session highs & lows such as that prior weekly Gold level? & especially if it's a big figure/round number.
Think about who is likely to be most active at these junctures, especially if there's a lot of clear air above/below the level & where (buyers in this scenario) they'd prefer to load up or re-load?
Does the comment; "always try & execute your bets into big or significant levels from atop or underneath to avoid getting caught up in the order flow crosswinds" ring any bells??