Will take your comments on board chaps, thanks. Bearing in mind I'm just starting off with this last 1-2 weeks. Are the ema's not useful as s/r zones and macd for identifying divergence while learning, in conjunction with the PA I mentioned? The thread has been here for a very long time, I haven't.
Go through some charts just plotting S & R lines, you'll see price can react to the same ones for years. Look at what price did when it reached the lines, look for price action and see which would have been tradeable, which failed and any other factors which could have helped in your decision process. Spend LOTS of time (months) doing this, it will help you no end. Remember these lines are often areas, not exact lines, higher time frames are better. Once you've got the hang of it work on other aspects of taking and managing trades.
There are no shortcuts, most don't have the patience and will head over to the systems thread looking for an easy way out (there isn't one), they'll never be traders. If Forex was a college course it would be at least 3 years, people who expect to be traders any quicker are hugely mistaken.
GBPCHF 1 Hour chart. A follow on from my chart post above (zoomed in), just an example of how the S & R lines can work. Don't worry about looking for trades to start with, just identify these areas, then watch.
