Finding Resistance and Support on 15M | Forex Factory

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Finding Resistance and Support on 15M

  • #1
  • First Post: Mar 15, 2016 7:56am Mar 15, 2016 7:56am
How far would one look back using a 15M period for important resistance or support areas?
  • #2
  • Mar 15, 2016 8:13am Mar 15, 2016 8:13am
Quoting dforant1
How far would one look back using a 15M period for important resistance or support areas?
At least 10 years.
  • #3
  • Mar 15, 2016 8:30am Mar 15, 2016 8:30am
Quoting Atokys
{quote} At least 10 years.
Morons alive and well!!
  • #4
  • Mar 15, 2016 8:44am Mar 15, 2016 8:44am
Quoting dforant1
{quote} Morons alive and well!!
Oh sorry, I thought you were referring to the 15 month bar.

My sincere apologies my dear intraday trader. If you are trading the 15 minute chart then you have to concentrate on the past 7 bars as well as the nearest fibonacci confluence as well as the correctional elliot wave as well as the overbought/sold sentiment indicator as well as the dynamic fractal support/resistance grid. Remember that this only works in london session during red news and the rules change for any other market condition. Dont worry if you lose your account many many times, its part of the learning process.
  • #5
  • Mar 15, 2016 8:46am Mar 15, 2016 8:46am
I don't know about others in FF. But as for me, I identify important support and resistance by applying pivot points and round numbers on my charts. I don't really like scrolling back because it's kind of tedious. I'm just being lazy I guess.
~I'll take 5 pips or whatever I can~
  • #6
  • Mar 15, 2016 9:04am Mar 15, 2016 9:04am
Quoting Atokys
{quote} Oh sorry, I thought you were referring to the 15 month bar. My sincere apologies my dear intraday trader. If you are trading the 15 minute chart then you have to concentrate on the past 7 bars as well as the nearest fibonacci confluence as well as the correctional elliot wave as well as the overbought/sold sentiment indicator as well as the dynamic fractal support/resistance grid. Remember that this only works in london session during red news and the rules change for any other market condition. Dont worry if you lose your account many many...
Thanks for the quick reply. Been trading for years now and doing well. The Histories I run don't take S/R areas into consideration and I have no problem. I let price and HH LL for exits. I appreciate S/R but it sort of complicates things.
  • #7
  • Last Post: Mar 15, 2016 10:45am Mar 15, 2016 10:45am
Quoting dforant1
How far would one look back using a 15M period for important resistance or support areas?
Hi Dforant1

I like M15 TF.. you catching my attention... but seem to lack on those S/R

Good luck on your thread.

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