Lately I have been receiving e-mails and comments about precise entry points. While I try to be a bit more precise on breakouts, when it comes to pullbacks I don't worry so much. As long as I've got a good risk reward, I'll enter. For example, yesterday I decided I would enter RIO if it was within a point from the 50 day moving average. This morning when I checked the quote, it was at $44.60, so I decided to enter. Nothing too complicated. No 30 minute charts, candle patterns or fibs.
Sometimes I think we tend to over complicate things. I do have some day trading strategies that are much more precise. However, when swing trading with a goal of 2-10 points, waiting for a few nickels and dimes doesn't amount to much, and can keep you out of good trades.