DislikedON S/R
Like every other technical tool...s/r needs to be traded properly to be effective.
I trade S/R two ways:
#1. I trade s/r in the direction of the trend--in this specific case, i dont take my s/r lower than h4.
#2. I trade the s/r in an anti-trend direction...this is a special case and certain particular conditions need to be met....in this case, my s/r is usually weekly, monthly, sometimes, daily.
(b)Of course, i want a linear regression confluence at the point of entry too.
(c)This specific s/r has to be at previous market turning...Ignored
If you where talking Nasdaq / Dow stocks you'd have more of a chance of D1 charts, but Forex hell no!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!