Here is an e-mail I sent to ICT for clarification on S&R Levels. Maybe someone else could help with this...
One thing I have had a hard time understanding and still am confused about is Support & Resistance. I know with your last market analysis video I keep saying you had like 50 lines on each chart and you are saying to use these when price reaches them and use your tools and time of day to get into the trade.
To me it seems like there are so many false signals where price goes through levels, it might stop at a level or during one session (LO) price might go through two or more levels before stopping. I am more confused then ever on how to utilize this. I know you keep asking to study price, but I just am not getting it no matter how much I study it. Why is it so confusing?
Here is what I am talking about...This is an image of the gbpusd daily chart. I have marked out monthly and weekly swing highs and lows, plus order blocks. As you can see with the Blue X's we have price within OTE's at a S&R level, but they failed. If you look at the green checkmark's you can see we have a stop raid or OTE in no man's land but these are the ideal places to get in. I know it's because of experience, but somehow you can read through these and are getting in at these marks to run price back through a level. To me it doesn't seem like S&R helps out but makes it harder to understand the direction of price movement. If you entered at any checkmark you would be entering before a major resistance level?