Hello guys,
i'm trading S/R lines, Pivots, Fibonacci and candle patterns. I want to test a system with breaks the S/R, and retest (where i'm looking for opening a position). I'm posting 2 pictures of my possible setups. I feel comfortable with 1 hour TF, and i want to trade only with the trend. Which is the higher time frame i should to watch? Because 1h could be up, 4h down, 1day up, weekly up etc. Other problem for me are trend lines. Should i draw only static or only dynamic S/R? When i draw both of them in all TF's becomes really mess. Please share your experience.
i'm trading S/R lines, Pivots, Fibonacci and candle patterns. I want to test a system with breaks the S/R, and retest (where i'm looking for opening a position). I'm posting 2 pictures of my possible setups. I feel comfortable with 1 hour TF, and i want to trade only with the trend. Which is the higher time frame i should to watch? Because 1h could be up, 4h down, 1day up, weekly up etc. Other problem for me are trend lines. Should i draw only static or only dynamic S/R? When i draw both of them in all TF's becomes really mess. Please share your experience.
I want money!