I avoid that and trade the first DOT...as my logic is, there is no second Dot without a first one......
No, seriously, that's kind of difficult question, as everyone looks at things differently. But I should probably quote Xard for that. If I remember correctly, he said to wait for the price crossing the MA.
Big white Dots more or less coincide with SD levels. Thus we watch who wins the game and of course we have always the general direction of higher TF's in mind. That is also for Daytraders most important. Someone said, it's a Bull market (US30). Yes, we can see that. It means that my confidence in placing calls is higher, knowing that Puts are counter trades and may be short lived, but still make money.
Just rade what you see.
Today, US30...up to new highs again. 200 points is enough for a day trader...well at least for me. Not interested in shorts.