My Support and Resistance Strategy on the US 30.

9 de out. de 2023

This is a brief primer of my trading strategy. I am a classic support and resistance trader, using an Order Block Detector from Lux Algo on multiple time frames, the 15 min, 1 hour and 4 hour, superimposed on a 5 minute chart. I use a Fibonacci Regression tool to do that. Then I wait for price to enter the buy or sell zones I've marked out. I look for identifiable patterns, like a head and shoulders or inverse head and shoulders, strong buyers or seller wicks, or Ascending or Descending triangles in or around these special zones to indicate that a setup is ready to go. It's a very good system that works for me. Please let me know if you have any questions.