But you will have to practice and spend time to master it before you consider trying it out on your live account. I only zoomed in for the sake of the example.
Related INTERESTING posts:
Golden line, 50EMA. Stochastic and RSI are also visible.
During the last 4 months we have obtained with it Accordingly, every 7 trades out of 10 roughly speaking were in line with our forecast ITMand 3 trades were closed against us OTM. In total, we received over 50 signals.
The Fibopiv is not entirely visible. How to spot possible entries This is a very simple strategy, just a few indicators. What we are looking for is confirmation!
What are the biggest advantages of this solution?
I like confirmation, not anticipation. I recommend that you start with just currency pairs to begin with. Monitoring too many charts is confusing and stressful and you will miss out on trade opportunities.
Okay, let us go through all the necessary steps and look at a few pictures. Go to the 15M chart and study the chart. First confirm the trend.
Low intervals = high risk
If it is an uptrend then you should clearly see higher highs and higher lows. You are better off not trading until a clear trend is observed! When a trend is confirmed we wait for a retracement. The goal is to catch the end of the retracement and get on the trade in the direction of the original trend. If we are to catch an uptrend, we obviously want the RSI to touch or go below 25 and the Stochastic to touch or go below Notice how the candles have been making higher highs over the 50EMA.
Also the Pivot line fibopiv has become a solid support. See vertical line!
A Working Binary Options Strategy By Okane
Stochastic and RSI are oversold. Arrow was my entry for a Call, star was my expiry. We think the retracement is about to be over because Stochastic and RSI are telling us that. We need yet another confirmation to proceed.
These are for spotting our entry. A winning trade I took that day. The vertical yellow line is for showing that at the moment I was looking for an entry I saw Stochastic Oscillator and RSI hitting overbought levels. The high is also lower than previous high, see vertical red line! As strategy for binary options h1 can see the first S1 could not hold so I had to confirm whether S2 would be stronger or not.
Then I changed back to 1M chart. See next picture below. Now you can see the Support 2 clearly!
In the article below we would like to present another — definitely safer approach to the BO — based on the end of the day strategy. Its main purpose is to play options expiring at the end of trading day. While this can be an interesting way to invest and secure positions for experienced investors, for a newbie trader this can be to dynamic environment leading to a quick account wiping. To get familiar with the market environment and how it works, it is definitely better to focus on options with longer expiry time. Great examples are intraday options that expire at the end of the day usually between 21 and 24 depending on the session and the selected item.
Notice how bullish candles tried to break above it but failed. Arrow is my entry and the star is the expiry.
Best 60 Minutes Strategies > Binary Options Strategy
The expiry time for this trade was 30 minutes because I was worried that the price would try to break above support one more time before getting pushed back down. As you can see it did go for a second attempt on breaking the S2. For this trade everything was in accordance with my strategy. The Stochastic strategy for binary options h1 RSI being over the overbought levels, I spotted a lower high, support line held and candlesticks closed under the support line indicating strong resistance.
The good, the bad and the ugly The good part is of course, as I mentioned earlier, all the confirmations that this strategy provides the trader with. Confirmation leads to confidence and a confident trader makes less mistakes! On the bad side, not getting that many trading opportunities can be a problem for some traders.
The most important thing is executing a trade with correct analysis.
End of the Day - Binary Options Strategy - biodieselholding.com
However, not getting many opportunities can lead to impatience, which can force an inexperienced trader into trading without confirmation. This can turn…hmm… Ugly. In conclusion, this strategy can work for you if you are willing to put some time practicing your charting skills! However, by mastering a working strategy and sticking to your rules you can at least be sure that the majority of your trades will end in the money.
As I advised you in my last post you can speed up the learning process by keeping a diary. Let me know if you have any questions.
See you in my next post!