This is an interesting thread indeed. I think Soultrader, Torero, and I may be saying the same thing, just differently, especially about how we use S/R. Let me quote a couple of paragraphs from
Mind over Markets, page 37, which summarizes my belief about confirmation and how I strive to trade, but I'm not quite there yet.
Confidence Level Trading based on structure provides the greatest level of comfort and confidence, for there is obvious proof on which to base a decision. The more information we have in our favor, the more comfortable we are with a trade. Unfortunately,
visible information and opportunity are inversely related. The more structural information present, the less an opportunity still exists. Thus, if a trader waits for too much information, chances are good that the real opportunity has been missed. If all the evidence is present and visible, then you are far from the first to have acted on it and probably have poort trade location.... Seasoned traders with a whole-market understanding, on the other hand, trade using logic and time and then monitor for additional information (structure) necessary to increase confidence in the trade.
Trade Location Later recognition leads to later entry and exit, which in turn leads to less desirable trade location. For example, range extension (structure) confirms that other timeframe buyers have entered the market. But
when did they enter the market? If we rely solely on structure, we do not realize the other timeframe buyer's point of entry until the point of range extension, that is, when price is on the day's high. In many cases, it is possible to know that buyers are assuming control before the actual structural confirmation (range extension)...
Walter, sorry for hijacking your thread. I hope my comments are relevant to the type of feedback you were asking for. I'm looking forward to seeing your charts and learning more about how you enter (anticipate) a trade.