For want of a better thread title and not really knowing where to start posting my trade set up and ideas I guess this is the best place to start.
As the title says, I am newbie to forex. I have been trying to learn as much as possible for the last 2 months. I have tried a few ‘systems’ and been messing around with a demo account. I really want to try and emulate trading ‘for real’ as it were while learning as much as I can. I really crammed my head full of info until I had a bit of an over-load last week and had to put everything down and step away for about 3 days, because I was putting on trades left and right without much thought or plan of attack, trying to mix 3 systems together at once and got into a mess!
So after a few days head clearing and stripping all my charts back to nothing, I decided to try simply adding S+R lines and studying candle stick formations around those points to identify trades. I have decide to move up to the 4h TF after bounding around 15m, 5m, 1h, 1d, 5m, etc etc…
Hopefully looking to get some critique and feedback on my trades and general discussion on the learning curve to becoming a competent trader.
So to today’s first trade. I have no idea how well my S+R lines are placed but they seem to make sense to my eyes 
USD/JPY
4H Chart
The plan
Looking at a possible reversal around the 96.766 area.
To enter short @ 96.669 with a 35pip s/l which is about 5 pips above the last 4 highest wick’s.
Target 55pips which is about 5 pips above the next S+R area. I plan to move my stop to break even if price hits or gets very close to that area.
Pics added below, they are a bit blurry so will use a third party to upload in the future.
