This idea is about "How to trade S/R levels" and "How to manage positions"
📲Why should you follow me on Tradingview? -Over 11 years experience with the markets -Price Action & Market Profile education -Price Action & Market Profile indicators -You get my entry levels every day directly to your chart -Key Value Area / Volume Profile & Orderflow levels -Supply/Demand zones -Every day updated and commented ideas
By S/R levels I mean every S/R level you need. They can be Price Action levels, Market Profile S/R levels, Bollinger, MACD, RSI etc. S/R levels work only if you manage your positions properly. If S/R level works meaning the market reacts you should let your positions run. If the market doesn’t react to the S/R level as expected, you should exit the position at a logical zone or break even. The support levels sometimes change from support to resistance or vice versa. In this case you should enter the opposite position when the price touches the level from the other side.