Your trading style is very similar to mine although we do have a few differences. The main key to my trading style is using the smaller trends to decode the bigger ones like you pointed out. I have spent years looking over the charts and decoding ...

Cable Update (GBPUSD)

And these head fakes you talk about can be uncovered using multiple timeframe fibonacci's and specific timing concepts with regards to time left to close of the candle.

Cable Update (GBPUSD)

Dr. D has given you the tools to use for the when and I have given you the tools for the where and how much. Put the two together and what do you get? 1 +1 = ????? hmmmm lets see 6.

Cable Update (GBPUSD)

If it breaks this spot next target should be 1.5943

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Like you said, energy can not be created nor destroyed, only transferred. It changes direction and is transferred (into my account)...

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Not to shabby, called it within 5 pips on both the top and the bottom

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I am out, finally got tired enough to go to bed. took 46 pips on that long.

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Bonus, The main thing that all my charts revolve around is the fibonacci retracements. Without those, its just a bunch of useless crap. The other indicators simply show me at quick glance highs and lows and channels, so I don't have to search for ...

Cable Update (GBPUSD)

I see probably between 40 to 66 pips. That would retrace it to the 100 fib or 61.8 fib. As always I have my trailing stop on so I am not worried about it. Worst I can do now is 25 pips. Added on to my 176 for the day makes for a pretty good day.

Cable Update (GBPUSD)

I see that as a good trade. Should get decent retrace here. I went long back at 1.60294, which happens to be the 161.8 fib on the 15M chart. Here I was going to go to bed, oh well.

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But may still hit 1.5985 at some point during the day.

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May not be but I do think may see temporary pause for a retrace. May not be much of one. May be complete reversal. Time will tell. Hanging out at the 4H 161.8 bouncing to the 138.2.

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Good night Dr. D, I think I will call it a night. up 176 pips for the day 2 days in a row.

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Like I said, 2 hours of pure down. maybe 3 that would probably spread them.

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Good job Dr. D. This is an area of caution. We are in the master candle for the 4H chart at the 100 fib for the 4H candle. We are at the 138.2 for the 1H candle. May break, may bounce back up. Time will tell.

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Don't say I didn't tell you where the turnaround spot was. I hope everyone hopped in on it for some quick (a lot of pips).

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Like clockwork, always reverses at that point...

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Yours are right on the money. That is about the areas where my fib lines are. I think the next hour may be the turn around hour. Time will tell.

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I closed trade +8 pips but will get ready to get back in it for short probably around the 30 minute mark.

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I got in for short @1.6150 set SL for BE

Cable Update (GBPUSD)