Question about the applicability of price action trading across the board

Discussion in 'Trading' started by Kovacs, Jan 29, 2009.

  1. Kovacs


    Suppose you're a futures daytrader. You take all the support and resistance levels from the 30, 60, 120, and daily charts.

    You draw all these levels on the 30min chart and trade off the 5min chart around these levels, focusing on the price travelling between any two points while managing the noise on the lower timeframe. Very basic.

    If you're profitable doing this on the index futures, can this method be applied to all stocks, currencies and other futures without modification?