About Deriv.com

[expiated]

At his point, I am working exclusively with 15-, five- and one-minute charts. The 15-minute chart has a 30-minute, a one-hour, and a two-and-a-half-hour envelope for identifying the direction of the trend. The parameters are set at roughly 0.15%, 0.15% and 0.12% deviation respectively.

A COUPLE OF DETAILS I FORGOT TO NOTE…

Before entering positions following a pullback by the four-minute baseline on a one-minute chart, make sure the action is supported and confirmed by candlesticks having made contact with the 30-minute temporal support or resistance level (as appropriate) and/or having made contact with the upper or lower band of the 13-minute price range envelope at 0.05% deviation.

With respect to 15-minute charts, remain alert to the fact that when candlesticks have cleared the upper or lower band of the (proprietary) 2½-hour price range envelope at approximately 0.12% deviation, you are most likely looking at a trending asset that is being supported by a tremendous amount of momentum. (When candlesticks reenter the envelope, watch for confirmation of an intraday reversal, and trade accordingly, if advisable).

And finally, watch for signs of a reversal (mean reversion/regression toward the mean) anywhere between the 0.35% to 0.85% deviation levels within the (proprietary) six-hour price range envelopes. (All of these indicators/measures are proprietary, with the use of their standard counterparts being, in all honesty, inferior and unacceptable.)

P.S. One other thing…

Don't use the miscolored candlestick tactic until and unless the close of the miscolored candle is on the "back side" of the 30-minute price range envelope.

 

[expiated]

Monday | January 16, 2023 | 7:42 AM PST

Based on TACTIC II I'm looking for USDJPY to be higher than 128.47 in 18 minutes.

NOTE: This trade ALSO qualified as TACTIC I.

This was a successful trade.

 

[expiated]

Again, the duration for Forex contracts begins at 15 minutes, and have the following equivalencies in hours.

60 minutes = 1 hour
120 minutes = 2 hours
180 minutes = 3 hours
240 minutes = 4 hours
300 minutes = 5 hours
360 minutes = 6 hours
420 minutes = 7 hours
480 minutes = 8 hours
540 minutes = 9 hours
600 minutes = 10 hours
660 minutes = 11 hours
720 minutes = 12 hours
780 minutes = 13 hours
840 minutes = 14 hours
900 minutes = 15 hours
960 minutes = 16 hours
1020 minutes = 17 hours
1080 minutes = 18 hours
1140 minutes = 19 hours
1200 minutes = 20 hours
1260 minutes = 21 hours
1320 minutes = 22 hours
1380 minutes = 23 hours
1440 minutes = 24 hours

 

[expiated]

Monday | January 16, 2023 | 8:08 AM PST

I'm waiting to purchase an AUDJPY and/or EURGBP five-hour binary option call contract based on TACTIC VIII.

I would prefer to execute this type of trade as the one-hour trend is coming out of a pullback, which is not presently the case. Consequently, if I enter a position and see this one-hour maneuver unfold subsequent to my decision, I will purchase a second contract at two or three times my original stake based on the probability that the trade will have better than average odds of delivering a positive outcome, thereby making up for any loss stemming from the first contract (if it is actually out-of-the-money at expiry).

 

[expiated]

Dr. Martin Luther King, Jr. Day

I purchase another USDJPY 18-minute binary option call contract based once again on TACTICS I & II. I was going to do the same with respect to EURJPY which, at three minutes from expiry, is also on track to be profitable. But unfortunately, I was typing the previous post when the pair registered its buy signal.

These are one-dollar trades for testing purposes. But, today has provided me with every reason to believe that the eight protocols stemming from last Friday's failures are destined to be profitable, God willing. If this turns out to actually be the case, my plan is to up the stakes to an initial average of $20 per trade when I begin trading with my partner in India (who I'm now calling "Avi").

 

[expiated]

What did I learn from yesterday?

First of all, so far it appears that Tactics I & II are the most reliable. Second, perhaps I should refrain from using Tactic VIII until and unless rates pull back to at least the 0.15% deviation level of the 40-minute price range envelope, which is represented by the black circle in the figure below. The black arrow is where price crossed above the one-hour baseline. (It crossed above the 20-minute baseline 30 minutes earlier.)

The above event also corresponded with candles making contact with the 48-minute TEMPORAL support level (smoothed) on a one-minute chart (see the black arrow in the image below). However, note that positions should not be entered on the basis of such contact until after being signaled by a reversal in the 20-minute baseline.

Likewise when it comes to the four-hour TEMPORAL support and resistance levels on five-minute charts. Again, positions should not be entered on the basis of such contact until after being signaled by a reversal in the 20-minute baseline. Note also that there are times when, rather than reverse direction at these levels, price will instead run!

By the way, I am adding "Tactic IX" to the list of strategies, and to test it, I just purchased a $1.00 five-hour USDJPY binary-option call contract.

 

[expiated]

What I Don't Like about Deriv:

I'm not in kindergarten! So...don't give me pictures for the pairs, which I then have to translate to determine their meaning. Just go ahead and spell it out, plain and simple (i.e., USDJPY)!

Also, I don't like the fact that the length of each contract is not listed, which forces me to go back and subtract the Buy time from the Sell time every time I want to evaluate results/performance.

Another problem is that when I click on the Rise or Fall button, the program doesn't necessarily place my order, so I have to watch the chart for the next few seconds to verify that it actually went through. And that's another thing...why does it take up to a few seconds sometimes for the platform to actually buy the contract?

 

[expiated]

By the way, I am adding "Tactic IX" to the list of strategies, and to test it, I just purchased a $1.00 five-hour USDJPY binary-option call contract.

Had I set expiry for one hour, I would have already received a payout. (But note that here again, you might want to use the one-hour or twenty-minute baseline as the trigger signal.)

 

[expiated]

Tuesday | January 18, 2023 | 11:18 AM PST

I entered this $5 AUDUSD short position base on Tactic IX...

I entered a $5 EURUSD long position based on the same thing.

I entered a $10 GBPJPY long position based on Tactic VIII.

I entered a $50 GBPJPY long position based on Tactic II.
This should have been a successful trade, and have already paid me something like $39.38, providing me with a return of close to $80 for the day. The problem is that I entered "50" in the Minutes field instead of the Stake field. As a result, what I actually did was purchase a $10 binary-option call contract with a 50-minute expiry..

I was going to sell USDCHF for $100 based on Tactic II to make up for the error with GBPJPY (in case that trade goes sour) but decided to make it just $10 instead. However, it's looking like if I had gone through with my original plan, it would have worked out much to my advantage...

You can't buy or sell for $100 because your return plus the cost of the contract cannot total more than $100.

 

[expiated]

Tuesday | January 18, 2023 | 2:02 AM PST

What will happen if I give EURUSD seven hours to cross the ocean blue, from shoreline to shoreline (i.e., one side of the five-hour price range to the other)? I guess I'll find out at nine o'clock tonight.