DislikedWell, I don't use indicators, I don't watch the news (that frequently), I don't watch for correlations, yet, I'm still profitable and happy. Oh, and I only trade EUR/USD.
This system is great and if a S&R level will hold depends on the current market conditions and price action. Nevertheless, sometimes these levels will fail no matter what, but until your profits are greater than losses and you are at least 50% of the time correct, you have nothing to worry about.
Remember, if you have a $20.000 account and you risk 1,5% per trade (with a 40 pip SL) and you manage to get "only" 120 pips per week, thats 3.600 USD per month!
I don't know about you guys, but that's more than enough for me. It really is.Ignored