I traded the EUR/USD from around 2AM-7:30AM EST on Thursday and found five set-ups to trade. The first trade I took occurred on the 2:15 candle where I was looking at a call option on a retrace back to a previous resistance area. For about one hour, price had been consolidating around the 1.31046 price […]
I took five binary trades today with good results, winning four of the five. I had actually been watching the market for over two hours before I took my first trade but nothing had really set up to my liking by that point. I did have a 38.2% Fibonacci retracement level in play today, but […]
June 1, 2013 I started watched the EUR/USD from around 1AM-5AM EST and found nothing worth trading. The trade I really wanted was a put option at the touch of the 61.8% Fibonacci retracement level on the 2:45 candle. Unfortunately, it came 3/10th’s of a pip short of touching the Fib level, so I never […]
May 31, 2013 I had been watching the EUR/USD market off and on for nearly six hours before I finally took a set-up I felt would be worth taking. The EUR/USD had been pretty lifeless the entire morning and based on the image you can see that there really wasn’t a whole lot going in […]
May 30, 2013 Fibonacci levels are something that I pay special attention to in trading both forex and binary options. Essentially all charting software packages allow you to manually plot Fibonacci levels on a chart, usually by drawing them from the low point to the high point of a recent trend in the given asset. […]
Hi Traders, In this article I will show you some screen shots and explanations for some trades of mine, last week. As you can see I trade in a binary options exchange and I made about 350$ profit with some simple moves of the market which I will show you right now. Let’s go to […]
May 28, 2013 Finding a price level that continuously holds over and over again can be very profitable. It comes up fairly rarely, but occasionally you will find a level in the market that holds every time and tends to consolidate along that price level for extended periods of time yet never quite breaks through […]
May 27, 2013 Hello, everyone. It’s been quite a while since I last posted here to my blog. Rest assured, I’m still trading, but I’ve shifted almost all of my focus to swing trading spot forex recently, mainly focusing on the four-hour and daily timeframes. It’s been much less time intensive so it blends well with my […]
Most of the binary options trading strategies traders use are reactive to market events; such as buy if the price breaks to a new high or low, or buy if the price bounces off a support line for example. But very few techniques have a forecasting ability. Elliott Wave analysis is one of the few […]
Hi all, I hope you are doing well. In this article I will explain you how I use triangle patterns to confirm my binary options trades, especially when I want to trade with the trend. Let’s go to the first screenshot. It’s from USDCHF currency pair. First of all, one basic thing in technical analysis […]