I’ve done some research about this topic but didn’t find anything. So, is the answer obvious, or am I bad at researching things?
I’ve started trading two months ago. And even though S&R theory seems clear to me, I can’t figure out how long should we consider them.
I mean… if I go back to 01/01/2000 on the charts on D1, I have tons of S&R to draw. Back now, I would have hundreds of lines on my screen.
Are they all valid? Which ones should I consider the most? The oldest ones? The newest ones? The busiest clusters? If they are all valid, how could I avoid trading paralysis?
I hope I’m clear enough. I’m not in the “english language” mood right now.