DislikedAwesome. {quote} Not at all, your chart analysis is quite logical and straight forward as much as possible i think. {quote} I really liked this part because it would be almost impossible to trade taking into consideration every sup/res found on higher TF's. Hunting for new highs or lows really filters out the market for a better picture i think... Thanks for the charts once again Steve.Ignored
Hi saruhn;
It's good to get some feed back so I know people are understanding what I'm trying to do, I'm glad you are finding the charts helpful.
Just using the Monthly Levels of Support/Resistance can be frustrating.
I find the Weekly Failure to make a New High or New Low quite often lines up with a Major Monthly Level.
I'm always looking for PA within these Weekly Failure Levels to Trade in line with the Primary Trend.