ACTION TOP in any trader's journey should be ... to discover a trading edge in trading. This holds true despite whether you are trading forex, products or equities. A trading edge is a set of behavioural standards in the market that, followed properly, will result in earnings.
. I think support and resistance lines in fact do act extremely well on any timeframe, but you have to understand that depending on things like present liquidity in the market, time of day, news statements and so on, rate can simply go charging through such levels at at any time. It's not a good idea to just trade at those levels without having a confluence of aspects pointing to them being a point where cost is highly most likely to respond.
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Forex traders must comprehend that if they want to have success with trades made versus the marketplaces, they have to be client and going to dedicate for the long run. Trading versus the market must never ever be attempted by a newbie, as well as traders with considerable experience must resist going against the patterns given that this is a method that regularly leads to excessive tension and failure.