Note before you begin:
Emperor's Children Marines are less standardized colour scheme-wise than their Traitor brethren, although pink and black armour panels will always form the baseline. It's up to you to decide which armour panels will be painted black and which ones pink, which can lead to some confusion while painting (for example, if you accidentally paint a panel pink when it was supposed to be black, or something along those lines). To avoid that to some extent, it's always a good idea to have at least a somewhat solid idea of what you want where.
Also, freehanding will play a bigger role here, mostly to paint flames on armour panels; if you haven't done this before, I suggest you look up examples online (like here on Dakka

) and do a few practice runs on a spare figure (if you don't have one, buy a box of 3 Space Marines (8 euros, damn you
GW!), that should give you enough to work on). It isn't easy, especially not when you do it for the first time, but persevere and you'll be able to paint flames without breaking a sweat. They probably won't win any medals but anyone who expects you to paint miniature flames on miniature Space Marines absolutely perfectly deserves to get smacked in the face.
Now, on to the guide:
1. Paint the armour panels you want black Abaddon Black, and the ones you want to become pink Screamer Pink. DO NOT START FREEHANDING
AT THIS POINT.
2. Paint metal parts Gunmetal Metal (Vallejo Paint;
GW alternative is Ironbreaker) and fleshy bits Rakarth Flesh.
3. Wash the pink parts with Druchii Violet.
4. Layer Emperor's Children over the pink parts.
5. Wash the pink parts with Druchii Violet once again.
6. Wash the metal parts and the fleshy bits with Nuln Oil.
This is where I recommend you to start freehanding; the most common motif is that of flames.
7a. For pink flames, follow the same steps as you did for the armour panels: a base of Screamer Pink, a wash of Druchii Violet, a layer of Emperor's Children and another wash with Druchii Violet to top it off. These flames should go on black armour panels, but don't overdo it; one or two visible surfaces will do the trick.
7b. For black flames, simply use Abaddon black. You will need to be a bit more careful with these ones, as the pink you're painting on is a lot more difficult to fix than the black armour panels.
You can add highlights if you wish, I'd recommend Emperor's Children for the pink and Eshin Grey for the black.