Expanding on the take aways from Dalton's webinar, there are two types of trades. Go with/ and mean reversion. On trend days, one should worry about getting on the trend early not the location. On balance days however, one should worry greatly about the location ( you want to initiate trades in the edges and not the fat part or the mean area) Calculating risk-reward for each trade.
He suggests an exercise for EOD analysis where you can put red and green pins on a printout of the days profile. It will give you a visual idea how you are locating your trades.