Timeframe for support and resistance

[Diamondtrim]

Quote from dunitlongpole:

Hello.
I am wondering what is a good timeframe to determine support and resistance. I know it will depend on how long you want to hold your trades, but I don't really have a preference yet, as I am new and trying to develop a trading system. I have tried determining support and resistance on a 1 min chart and that is not working very well. Any suggestions? Thanks

I use my alerts software to give me heads up on when stocks are breaking support and resistance as it happens. I then take a look and decide if I like the set up. To that is the only way to play this game otherwise you sit there trying to stair at charts and hoping for something to happen.
http://www.trade-ideas.com/Help.html#CARC

I don't use it alone I use it in combination with other filters and set ups.

Good luck
DT

 

[murray t turtle]

Quote from dunitlongpole:

Hello.
I have tried determining support and resistance on a 1 min chart and that is not working very well. Any suggestions? Thanks

=================
Dlongpool;
More is better.

Quarter hour/Hourly/daily/ weekly should be studied for trading business [or something like that];
& 1 year will reveal more things for studious, regardless of timeframe.

Bull markets resistance are not bear market resistance ;
not even close. Wisdom is profitable to direct

Personaly,Wouldn't have much use for 1 minute chart either.Hope this helps, it helped me.