15min Support Resistance Trading | Forex Factory

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15min Support Resistance Trading

  • #1
  • First Post: Edited 4:04pm May 6, 2009 3:52pm | Edited 4:04pm
So i have been starring at the chart for a while and every time i see the price reacts to the S/R levels from current or higher time frame.

I use the higher time frames only to mark the S/R levels and don't base any trade on the trend on the higher time frames since that causes more confusion.

I take both trend/counter trend trades and aggressively move my stops. I trade between 1am EST - 5am EST.

Do any one trade on 15min using only S/R and pivots? I'll put up my trades starting tonight if anyone is intersted or trade the same way as me.
  • #2
  • May 7, 2009 12:07am May 7, 2009 12:07am
I use S/R by history
here is my chart

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 14 KB


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History Level GBPUSD

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  • #3
  • Edited 12:56am May 7, 2009 12:54am | Edited 12:56am
Quoting AndsX
So i have been starring at the chart for a while and every time i see the price reacts to the S/R levels from current or higher time frame.

I use the higher time frames only to mark the S/R levels and don't base any trade on the trend on the higher time frames since that causes more confusion.

I take both trend/counter trend trades and aggressively move my stops. I trade between 1am EST - 5am EST.

Do any one trade on 15min using only S/R and pivots? I'll put up my trades starting tonight if anyone is intersted or trade the same way as me....
Great AndsX, please develop your style with us.

What pairs do you like best? Why not 5 minute tf?

Would you give us an A-B-C lesson of the advantages and dangers, and the little things you do in detail?

Regards,

Ron
  • #4
  • May 7, 2009 12:55am May 7, 2009 12:55am
Nice to see you someone trading the same way. Do you just trade GU?
  • #5
  • May 7, 2009 2:58pm May 7, 2009 2:58pm
Quoting ronrhodes
Great AndsX, please develop your style with us.

What pairs do you like best? Why not 5 minute tf?

Would you give us an A-B-C lesson of the advantages and dangers, and the little things you do in detail?

Regards,

Ron
Hey Ron,

I look for trade in GU, EU, EJ, UC and AU pairs. I am not comfortalbe trading 5min charts. Seems too fast for me but might work very well for others. It's just a personal choice.

I look for reaction around the S/R level and if there is any i'll wait for multiple candles to confirm the trade. Sometimes i might enter sooner if the trade is in line with the trend.
  • #6
  • Last Post: Jun 20, 2009 8:48am Jun 20, 2009 8:48am
the number of pips made is critical to any system--------like to enlighten us more.


longilo
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