Quote:
Originally Posted by kagein
When trading using support and resistance lines, would it be best to execute your trades based on the particular trigger your using on the lower timeframes?
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It's entirely your call George. If you're plotting a s&r line or area from your 4 hour or 1 hour reference, then price is going to react & move away from it at some point, yeah?
Price doesn't distinguish between a 240min chart and a 1min or tick chart. Only we recognize the differing timeframe references. Price will simply make it's footprint & carry on regardless.
If you possess a trusted & tested set-up or trigger which signals you in via the 1min or 5min chart at or on a hard support & resistance level, then as far as your trade plan is concerned it's a valid trade.