A short YouTube monologue by a trader describing their thought process when entering a long trade. The speaker emphasizes that how price reaches a key zone matters: they prefer consolidation and a pullback after a big move rather than a straight move into the level before risking a long entry. The clip outlines this rule-of-thumb for timing entries.
Also, it matters how a particular trade has got into a level. If a trade just randomly goes to a level just like the way it did here, I'm not comfortable in taking a long position here because we need to see some sort of consolidation. We need to see some pullback. But when we do get the pullback, we do get the consolidation after a big move. Now I get a little bit more comfortable maybe going long here. So, once again, it depends how an instrument moves into that key zone. Does it go straight into it? Does it go into it by consolidating? Like, what does that look like?
