Correct entry even trading with trend

I've always been of the view that you make your profit when you buy, or in trading terms, enter. In that (even trading in trend) a poor entry will inevitably end in tears.

I saw this trade posted elsewhere so will use this as an example. Entry after the close of the candle marked x, so will be around 1.3670 or some 70 pips from the London open low. That has to be is a very high risk entry based on a 15 min chart and likely small stop. It might be different trading say a 4hr strategy with an appropriate sized stop.

So I'll stick with the view that your profit is made on entry, but obviously money management and an exit that is appropriate to your winning % and size of stop is vital.