webtolight
New member
Hi Everyone,
I'm new to this forum. I've been trading for almost a year now. My strategy mostly incorporates resistance and support zones, mixed in occasionally with typical patterns, such as double tops, triangles, cup and handle, etc...
I've been working, for the last couple months, on the resistance and support zone strategy using the 1 minute time frame.
Here are a few screenshots of this strategy:
The blue line, what I like to call it, is the Median. It's the dead center of the zone. It almost works like a magnet on the price action.
I like to look at volume when price action enters these crucial areas in order to confirm my entries.
I feel like I'm missing something when it comes to confirmation and volume analysis.
Whether I should enter near the median or the upper border of the zone. Sometimes, price action breaches the upper zone and shortly thereafter, retraces almost all the way back down.
Maybe an indicator or two would help for confirmation because I simply just watch price action and don't really like using indicators.
Any tips and/or expertise would be much appreciated!
Thank you!
I'm new to this forum. I've been trading for almost a year now. My strategy mostly incorporates resistance and support zones, mixed in occasionally with typical patterns, such as double tops, triangles, cup and handle, etc...
I've been working, for the last couple months, on the resistance and support zone strategy using the 1 minute time frame.
Here are a few screenshots of this strategy:
The blue line, what I like to call it, is the Median. It's the dead center of the zone. It almost works like a magnet on the price action.
I like to look at volume when price action enters these crucial areas in order to confirm my entries.
I feel like I'm missing something when it comes to confirmation and volume analysis.
Whether I should enter near the median or the upper border of the zone. Sometimes, price action breaches the upper zone and shortly thereafter, retraces almost all the way back down.
Maybe an indicator or two would help for confirmation because I simply just watch price action and don't really like using indicators.
Any tips and/or expertise would be much appreciated!
Thank you!