Originally posted by Michael Hodges.
The Swing-15 Minute Technicals is a fairly advanced form of trading. The system is based on support/resistance breakouts on 15 minute charts and is great for day and day-to-day trading. The strategy is very detailed and should be easy for experienced traders to follow. Signals are taken on charts of 15 candlesticks with support/resistance lines drawn on the longer term charts. Initially intended for trading Euro and British Pound dominated currency pairs this strategy will work in any liquid market.
This strategy is great for binary day traders, it provides good signals for short term trades with daily, hourly or even shorter expiration. The use of multiple time frames is excellent, it is something I would suggest every trader use regardless of style. The caveat is that this strategy is better suited to experienced traders. Without experience and discipline newer traders may get themselves into trouble trying to trade short term break outs. Trading short term moves like this often means trading against the primary trend and everyone knows that the trend is your friend.