Pure Support and Resistance

I have been testing a number of different tradingview indicator strategies posted to youtube over the last 2 months. The results were... well crap. So now I'm back to my roots pure support and resistance. Trend will be defined based on 15M chart and entry on 5M.

Currently I am negative due to all these fake tested systems by about $150 USD actually a lot more if you count all the previous losses on Oanda and Nadex since 2011. So please don't laugh my current balance is $20.24. Down from $24 (also due to testing these fake systems) Basically I've been scalping 1-5% with 10x leverage based on S/R levels. I trade ETH/USD and other crypto with DYDX exchange which has no fee unless your trade volume is more than $100,000 per month. Do note they do not accept people from USA.

This is a good video on how to determine trend and basic support resistance.



The most recent testing round has resulted in a balance low of $18.84. Currently since trading S/R I'm back to $20.24

The yellow lines are a zone of resistance. I entered on the rejection candle of that zone


1 win 0 loss

Had a $0.50 loss. Still up on the day though


1 win 1 loss

1 win 2 loss

2 win 2 loss

3 win 2 loss

Small win it looked like price was reversing


Here is how it panned out after. I need to be more disciplined. Annotations are on the 1H Timeframe

4 win 2 loss

Quick 1:1 trade

5 win 2 loss

it wasn't my full profit target actually about half but i'm happy with the trade

6 win 2 loss

I don't think I was able to catch the actual bottom where it touched the profit target but pretty close.


Now I'm back above break even actually 2ish dollar above.

6 win 3 loss

6 win 4 loss

6 win 5 loss

6 win 6 loss

7 win 6 loss

That's still winning.

8 win 8 loss

I had 2 losses yesterday in rapid succession that were not documented.

8 win 9 loss

9 win 9 loss

I thought I'd sort of document this trade


I manage risk by setting a good Risk/Reward of 3:1 that way even if my win rate is less than 50% it's still profitable. The problem is sometimes I exit early. So yeah gotta work on that part.

10 win 9 loss

I'm in the process of switching from trading cryptocurrency with dydx exchange to index's with a $15,000 Evaluation Program via FundedNext.com.

Starting cost is only $99.

The plan for getting funded on the cheap

1. Earn 10% within 1 month to complete phase one .
2. Earn 5% within 2 months to complete phase 2.
3. Request first payout one month after completing the challenge.
4. Earn 8% profit within 1-2 months of receiving live account

If I fail month one with a positive balance FundedNext offers free retakes.

Then it starts all over again.

1. Reinvest $999 into purchasing a $200,000 Evaluation
2. Earn 10% within 1 month
3. Earn 5% within 2 months
4. If successful merge the two accounts
5. Reach first scale up

The final goal after 7+ months is to focus on earning a minimum of 2.5% per month to meet the 10% profit target for scaling +40% every 4 months.

As you can see this is a long term project.

Please wish me luck!