Entry

Entry is the last decision in the process, not the first. By the time entry is reached, the HTF context has been read, the TTF structure has been identified, the mechanical wrong point has been defined, and the thesis has been stated. The LTF is then used to time the actual commitment — watching for early signs of expansion in the thesis direction after a pullback, not waiting for full LTF expansion which means the window has passed. The cost of entering slightly late is missing a few pips of profit. The cost of entering before confirmation is being in a trade based on something that has not happened yet. Late is consistently cheaper than early.