Success of Simple Buy Support/Sell Resistance Strategy?

proftradingjourney said:
I came across a futures trading primer from DanielsTrading.com, (StoneX's futures trading division) which dived into trading futures with this strategy. This is a basic TA kind of strat that everyone who gets into trading finds out about, .......

But can you really just trade support and resistance and make a decent living out of it?

What's the success rate of trading this simple strategy across different markets?
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Personally I dont think you will do well only using SR levels.
That being said, you can use SR levels as tools for profit targets, stops and perhaps with additions of other filters to make trading decisions.

I also like using variable SR levels, example is using the hourly SR levels when trading a 15 min or 30 min chart, somewhat using a "larger time frame levels"
Perhaps this video will help beginner traders as well.
 
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