When entering we look for reasons to make us feel better about our opinions, this can detract us from the seeing the facts in price. One entry i like is the effort reversed. so its all about swings for me.
Everything i need to know is in the swings. so if i get an area of interest at a major swing length AND get an effort reversed that will be enough for me to take the entry. so if you see buyers getting zoomed and then price comes back to that buy level you can short it. equally see sellers getting zoomed and then price comes back to that seller level, you can buy it. It requires pivots to be taken out. the more aggressive the zoom the better. heres a few examples.
Dont think of this as a setup that needs to be memorised, this is where newbies fail. they learn a new pattern like h+s or three drives, double tops/bottoms, pinbars, etc etc and they trade them willy nilly - a sure way to deplete your account. We need to learn to read the story of price as it unfolds. this is a skill that once learnt will ensure you can read any chart and understand who is doing what and where likely decisions will be made, this enables you to map out a chart with its key levels in price.
