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[FxKitty]

Which ones are the most important ones?

Intraday/daily/weekly high/lows, pivots, murrey maths lines, channels top and bottom, round numbers..etc it seems that any price can be s/r! Please tell me which ones are the most important ones. I don't like guessing.

[The_Architect]

The MOST 'important ones' are the ones the majority of the money is watching.

[SoundFX]

Originally Posted by FxKitty

I don't like guessing.

Then I think you are in the wrong biz.

Seriously, look at an hourly chart. Note the "shelves" that are made when the market moves to a certain price area and then stalls for a bit, building strength/weakness. This area is either support or resistance depending on which side price currently resides. Often price is "rejected", manifested by a giant spike into the wild blue yonder. The tip of the spike would be great resistance. very important, Grasshopper.

-SFX

[overgrowth]

I find pivots (including the middle pivots S0.5, S1.5 etc.) along with fibonacci levels to be most useful for day trading.

Intraday support and resistance can be easily smashed through, though it's always worth glancing at.

In a ranging market bollinger bands appear to rule.

To see which level is most important at a given time I find it useful to look at the short timescale charts (e.g. 1min and 5min) where you can quite often see candles stacking up repeatedly attacking a support or resistance line but failing - this means there's a good chance of the price being at a short term turning point.

[Rhody Trader]

A lot of the points made already are very good, especially the one about the most important ones being the ones most people are watching. That's why round numbers tend to fall in to that category. I would also add in that the more long-term a level is, the more signficant. For example, and hourly resistance would be more important than a 5 minute level. That said, a lot of it comes down to your trading timeframe.

[Nonpiker]

The longer the time frame the more significant the break higher/lower will be. Therefore, a break on weekly or monthly will be viewed as more significant than a 4 hour or daily.

[graemenash]

Originally Posted by FxKitty

I don't like guessing

Originally Posted by SoundFX

Then I think you are in the wrong biz.

Umm, guessing's the last thing you want to be doing in forex...

[mahras]

Trading is about placing rational bets based upon odds. Its all chances on the short term level. However, if you are a good trader with a fundamentally sound system you will come out ahead long term.

[ap]

Indicators indicate,

supply and demand determines whether the price stops or breaks out.
price action is the only true evidence of what is happenning with supply and demand forces.

Try Point and Figure, Three Line Break, they are focused on price action

It will make your life easier.