Trading Plan: Using this Low Risk 3 or 5 Min Bar Entry and then you are golden

By looking at last weeks discovery (false breakouts) I came to the conclusion to actually use the 3 or 5 Min Bar for Trade Entries, so no need for confirmation of a higher high but simply:

• Buying a price close to the stop of a new trend
• new long trend = if we make a new low and then close above that low and then price trades again above the that bar.
• keeping in mind everyone wants to buy cheep so if the range of the bar that closed above is too high usually price will first go down almost to the stop level and then reverse back up again.
  
  In any case this entry has a much higher risk reward ratio than looking purely at higher highs and lows or trendline breaks as you can see on attached screenshot (that highlights the advantage in cyan boxes compared to my old higher highs entry method)

To get an even better price than on a 3 min bar chart, I sometimes use the 1 or 30 sec chart with the same entry method.