Fake moves can be seen on all time frames but I can nail it to 2 pips on the M1 chart. That is if I am patience and wait for those big M5 spikes. Most of these spikes are the target zones set by a big player and are normally a major higher high or major lower low and can be seen by looking left on a higher time frame chart. However i can’t wait all day to trade one spike so I have a starc bands on my charts to tell me when a M1 spike is entering into my target zone for a reversal buy or sell. If I take say the GBPUSD, there would be 3 or 4 tradeable spikes a night alone to enter a trade with a expected win rate of 85%. If I only took the big M5 spikes, I can get 95% win rate but I miss most of these setups because I can’t trade 24/7. Most small spikes are only worth 15-25 pips but if you latch on to the Big M5 spike, that’s 100 pips +
Sharks I must ask you why you decide to trade the H12 charts. Does it show the best setups.
