Are these zones correct, I trade the 15 minute time frame with my higher time frame being the hourly
Not bad; but don’t count each & every swing points! Besides, try to use at least H4; D1 is much better (personal opinion).
Those support points don’t look that strong…
You counted lots of point; try to mark only the important levels; & higher time frames are always better choice!
But what’s a strong support and resistance because some people think it’s the more times it’s tested means it’s strong an some think it’s weak the more times it’s tested
I trade the 15 minute time frame if I go higher that the one hour the information is going to be irrelevant isn’t it
you need to only focus on top areas of support and resistance, which is located on the higher time frames like the 1hour and up. You can’t just focus on one time frame, especially the 15min. Look up how to do a top down analysis on youtube
At this sort of time-frame, Al Brooks would say that once a level has been tested twice and has rejected price, there is a strong probability that price will next move further back away from that level. This can be viewed as a double-top or double-bottom, though these specific patterns aren’t necessarily the only formations that would meet his rule of thumb: he also adds that if a price pattern is similar to a specific chart pattern, price will probably behave in a similar way.
absolutely right. What helped me was reminding myself that past levels of S&R WILL become future levels of S&R. That changed my trading lol
I think; H4 is okay in this case! I think, you’ll have much clear sense on the market trend here!
I have used the higher time frame that’s the 1 hour I’ve applied the levels too
Ok thank you
sorry, thought it was the 15min… but go even higher and mark those also.
Ok thank you pal
Anytime; keep practicing & don’t forget to update us.