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 […]
Price is the ultimate indicator. Regardless of what indicator you use, it won’t tell you more than the actual price movement itself, because all indicators are derived from price. I prefer to trade without binary options indicators, since the price itself is what I trade. With that said, indicators do present price information in a […]
When you begin trading using Technical Analysis (TA) and reading TA news and outlooks, inevitably you will hear about support and resistance (S&R). S&R are basics concepts of technical analysis, but are crucial elements within many traders strategies. Unfortunately, S&R is not often fully understood even by experienced traders. Below we look at what support […]
Some instruments move together, while others move in opposite directions and some share no relationship whatsoever. Such relationships can play a key role in determining which trades you make and why. While you may not be aware of it, when you get a trade signal in one instrument, signals are also likely triggering in other […]
A trend is underway and you’re looking for entry point. All of a sudden the trend pauses or pulls back, leaving you with the question: “Is this thing going to keep trending eventually, or is this a full reversal?” While there is no way to know for certain, being aware of continuation patterns can help. […]