Are these support and resistance levels correct, I trade the 15 minute time frame placing these levels on the 1 hour
try marking the major levels you see on the higher time frames also, because those are actually the main levels you need to focus on. And when price gets there, trade on the timeframe you prefer. I normally trade on the 1hr or 4hr as a day trader. 15 min I go to if I don’t have a clear picture to what’s going on on the 1hr
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Ok so instead of drawing these levels on the 1 hour, go higher to the 4hour an draw them.
naw still have them on the hour, but only if you see major levels like where a nice breakout happens. It’s honestly whatever makes sense to you. I just can’t trade with a ton of S&R lines on my chart. So this is GU for example. Those lines were drawn on the hour timeframe, but notice they’re at levels where there was a nice impulse move.
higher timeframes for sure
You don’t necessarily have to use signals from the higher time frames, but you do need to be aware where the supports and resistances are there.