Schizo: I said best price and did not say best entry, so did not mean the most ideal places for entry; context is the key for this kind of entry (today's context is very good for this entry). In Wyckoff's paper, he did say best entry. At best price entry, stop would be 1t below open low or 2t below open box low, because of betting on that open box low test has finished in the near future. The target is the hesitation near the top red TL or undrawn small up TL break (borrowed from DB's journal) because very likely there will be a PB near top red TL, then seek to reenter at 2nd best price entry place.
During my ES trading experience, I often made mistakes of entering around swing high (top of spike) as shown in my paper trade 1 yesterday ( today i didnot trade) with a 2ps stop which in general it will be stopped out and then ES moved in my direction; widening my stop and Exit BE and then ES moved many points in my direction or becoming greedy and then being stopped out at a bigger stop again. Those bad experiences taught me to have a PT at hesitation. Moreover, it is like a gift to get 4ps or 5ps profit in minutes, we just get to take the gift and walk away. (gift, borrowed from Al Brooks's saying).
I am in the process to define precisely what i meant to prepare forward testing and later will upload another chart for better illustration. Also i just realized worst price entry is much better than my long spike top as in paper trade 1 of yesterday (same price, but much higher probability of no or less PB), which i will describe what i meant later. Thank you very much for your kind help.
