Good on ya @Beany72 it is not easy entering on a nasty looking downbar like that, just have to trust the analysis.
David Weis also likes this type of entry when it sets up and the opportunity presents, the distance between your entry price and your stop, is what he calls "the cost of finding out" (if your analysis is correct), I quite like that saying.......
Will you keep a tight stop, or a wider one in case of a shakeout ??
From what I have seen, David uses a fairly tight stop (usually just below some structure to the left) which he slips up to breakeven reasonably quickly once there is enough room. And he doesn't hesitate to re-enter pretty quickly if he is stopped out (especially if it is for breakeven or a small gain), if he still believes the analysis is correct.
Hope it works out OK (it seems you have got a few of us watching it now.....haha)
