Hi everyone, Many traders, especially the new traders, have problems to understand support and resistance levels and many times wonder why a support couldn’t keep the price up or a resistance couldn’t keep the price down. First of all, support and resistance levels are important levels and we can take some information from the price […]
This morning the AUD/USD demonstrated an important point about how price interacts with the ichiMoku system. RHS there is an incentive reversal move, looking for a pullback to enter. The highlighted Blue & Green candles in the center look like a good spot – the chikou is just breaking free, the EMA cloud is still […]
In “An ace on the River” Barry Greenstein talks about an important poker concept that is the basis for why you should be interested in trading traditional options as well as Binaries, Forex & Futures. It’s the idea of perfect play vs correct play. If you knew your opponents cards at each point in a […]
Hi everyone, in this article I am going to share with you my trades for today and my trading setups.Today, I took two in the money binary options trades in EURUSD currency pair.They were two risk free trades.Let’s see my trades. As you can see I took two call trades in EURUSD currency pair with […]
One of the most crucial aspects of trading I have learned over the last 8 years is knowing when “to sit on my hands.” Trading isn’t about taking as many positions as possible, but rather it’s about taking high probability trades. Probability plays a big role in trading. You can have the best risk:reward ratio […]
It’s been over one week since I last did any form of trading, binaries or otherwise. Last week I was in the process of initiating myself with a new environment, given that I’m back at university for the new school year. In general, I think it’s always a smart decision to trade only when you’re […]
LHS incentive move downward but no follow through & the chikou does not clear the Kumo. Followed by incentive move through EMAs and Kumo with clear chikou that does hold, resulting in entries. The first two entries are good for 30 to 35 ticks. That’s a pretty big move and the chikou is running into […]
I’m a trend trader. I trade levels, but always within a trend. The vast majority of my trades – Futures, Forex, Binaries or Equity Options – are with trend. Where trend is defined by a combination of the Kumo and a couple moving averages. In my view a reversal is a trend on a smaller […]
Mid to late morning US session – bottom, top & then bottom of Kumo are respected. Incentive break of Kumo & averages, pullback into averages for entry – good for about 10 ticks. Morning Asian session – Incentive move through the averages & into the Kumo. Pullback into moving averages for entry – good for […]
Being my hours on Friday favored the later morning hours, I decided to go back to some stock trading like I did on Monday with stockpair.com. I decided to stick with trading only Apple (AAPL), as McDonalds (MCD) wasn’t providing anything favorable to trade set-ups. Also, I opted for their 10-minute expiries today instead of […]