I have seen a lot of traders designing their chart with so much lines even at the lowest time frame all in the name of support and resistance.
It’s quite funny but really not so.
For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as low as 50pips and above as resistance.
And I find them at H4 or H1 TF
In this case my I have a clean chart on M15 TF where I easily fine my entries.
Dose this make sense to you?
Tell me, How do you plot your own S&R?
It’s quite funny but really not so.
For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as low as 50pips and above as resistance.
And I find them at H4 or H1 TF
In this case my I have a clean chart on M15 TF where I easily fine my entries.
Dose this make sense to you?
Tell me, How do you plot your own S&R?