Hi Which is the best chart timeframe to determine true levels of support and resistance? If I use a longer timeframe - daily or weekly charts - I can easily determine the areas, and there are fewer of them. When I look at 1 hour charts or 15 minute charts, then I can see even more areas of support and resistance. I can only place 20-25 pip stop losses, ( I do not have the money built up yet in the account to place 100 pip stops) and typically trade from 1 hour and 15 minute charts. So often I am looking at upto 5 areas of support and 5 areas of resistance on the chart - within truer levels of support and resistance idenitified from a weekly chart. If you have the time to think about this I would be very grateful. Thanks.