Thursday, October 13, 2016
Binary Option
Binary Option = Broker IQ option
5 Min Chart used
1 Min Chart used
Graphing tools
Stochistic
RSI
Boilenger
RSI = give signal to prepare for trade
Stochistics = identify point of entry (upon crossover)
Boilenger = incase loose trade this will guide me to take trade again
In case i loose on my first trade i double my trade value on the next candle (correction)
due to limited funds i could only trade 1 correction.
Important
Only trade IQ option broker when the market in US Open that usually starts at 9PM. this will give you 87% return profit. If you have slow connection better not trade you will have a problem in placing your trade. often latency and un-allowed trade occur, which is bad on correction trade strategy
Timing is the key in binary. pls dont be greedy limit your trade to 8 to 10 trades.
My door is open on to investor who would like to take a risk. I only start at $10 dollars which limits myself to earn more. pm me if you are interested
Wednesday, October 12, 2016
How to forecast Possible direction and Number of pips to profit
Every one of us may see a pattern in every chart thats why we need to practice to identify support and resistance. The key is by changing time frame from 1week to 1 day, 4 hours and 1 hour . It is important that you could see on your naked eye certain bounce of the price. and as you look back you could see another bounce back of price. From there you could connect a line with it. By practicing to see the obvious on chart, there you could forecast possible direction.
(dont worry if you dont figure it out yet, like me i could not identify this connecting lines when i first started)
On the video below is a detail example in forecasting possible direction and identify number of pips you could get.
To know Direction I use diagonal support and resistance
To identify possible change of direction i use horizontal support and resistance confirm by pivot
To know number of pips again i use Horizontal Support and resistance
To identify stop loss i look on previous high or previous Low
To identify specific Take profit I use Fibonacci or Pivot
I cant tell you how you must trade, however i can give you guide thats based on my personality how i identify profitable trade. on the video below is the best example on what i am talking about
Remember trade plan is to prepare yourself to trade but to take a trade and identify specific point of entry is in another video. Below video is more in charting, to create guide for you. It is important to create trade plan before you make a move to trade.
Tuesday, October 11, 2016
90 pips goal for 1 week, reach in just 2 days
This was my 1 week trade plan which obviously market is on our side that it reach our goal in just 2 days. Now its time for me to evaluate my chart identify new support and resistance and consider market mover fundamentals. the obvious next trade for this is going up however the week end fundamental whichi believe have strong impact on this. For this reason I need to prepare also the possible breakout of my current support.
As always if this happen i have to wait for pull back before i make a trade posting later my trade plan for this week end...
Result of the Trade plan created Oct 9
My Goal for the week is 90 pips which divided in to 2 trade. First trade is to get the 50pips which you could see that the market is on our side it has given already the pips we forecast. however my actual trade is only 11pips. What went wrong??? doubted my trade plan that created so i stop my trade early plus i do have things to take care that i need to detached to my laptop and not to mention I almost hit a kitten on the road on my way home.
Currently i just open another trade which is the remaining 40 pips in second trade plan. confident level is high due to the yearly pivot that did not hold. Im trading down with the tp of only 25 pips. I decide to re-evaluate my chart for the reason i have hit my 1st trade goal.
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