Market Poised for Another (Intra-Day) Push Higher

Market has indeed traded up since the open. We are now consolidating above the pre-market highs after an 8+ point move up on the ES. A bullish sign. It is likely that we will see another push higher today. The question is, do you buy into the market now, or wait for another down-tick?

I didn't wait, I am now long at 1159.50. Getting in now ensures that if the market doesn't down-tick here, then I won't miss the move. If it does down-tick here. I can look to add to my position a little lower. For example, there is some more support below at 1157. If you add to your position there and the 1157 doesn't hold, you can the bail on the entire position and accept your loss. However, to avoid additional risk, you shouldn't add to your position at all and just be patient for the market to turn in your favor. Obviously if we don't continue up, you must accept your loss. If we get consecutive 10 minute candle closes below 1157, you should probably look to exit the position. If you do exit the position and we find support at 1155-1156 and the market turns back up, you can look to enter back into your long position. Also, if you don't want to carry such a large stop on your 1159.50 entry, you can look to bail on the trade at 1158.50. If support does hold below that, you can always get back into the trade...