The only pairs for which two-hour contracts are available outside of the New York session are AUDUSD, EURJPY, EURUSD, GBPUSD and USDJPY.
B.A.T. Guerrilla Trading System
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The arrows below highlight the times over the past few days when USDCAD "poked its head" up above the 16-hour baseline...
It's worth noting that the entry level just traded did not fall into this category. But, perhaps it would be best if the only time positions are entered going forward is when such conditions are observed.
It's worth noting that the entry level just traded did not fall into this category. But, perhaps it would be best if the only time positions are entered going forward is when such conditions are observed.
I purchased a put contract in my live account at the point indicated below, with about four hours left to go, this being where candlesticks where not only painting below the 90-minute baseline, but also where the baseline seemed to actually begin curving downward...
Unless something goes terribly awry in the next twenty or so minutes, the contract should offer the full payout of $16.00 at expiry...
So, in this case at least, the limitation of entering positions only when a given pair "pokes its head" up above the 16-hour baseline does not seem to be supported.
Though the yen pairs are also very bullish, they are not pulling back quite as significantly as USDCHF, which is why I am opting to trade this pair...
However, it will be two or three hours before two-hour contracts will be offered, and since I am limited in the number of trades I can make in my live account at any one time and therefore do not wish to tie myself up for eight hours with a trade like this one, I am making it in my demo account...
The 32-, 16-, four-, three- and one-and-a-half-hour baselines all recommend buying this pair.
However, it will be two or three hours before two-hour contracts will be offered, and since I am limited in the number of trades I can make in my live account at any one time and therefore do not wish to tie myself up for eight hours with a trade like this one, I am making it in my demo account...
The 32-, 16-, four-, three- and one-and-a-half-hour baselines all recommend buying this pair.
In looking at pairs like USDCAD (and others) which has been relatively noncommittal in terms of direction, aside from being flexible and prepared to change one's take on market bias at a moments notice, which has already been duly noted, it looks to me like the 90-minute baseline needs to take precedence over all other measures (including the 16-hour baseline) with confirmation being offered in the form of the 45-minute measure...
This means I am going to want to try to limit the times I am in the market to when any given asset sees its 90-, 45-, 20- and 8-minute baselines all headed in the same direction.
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I purchased this AUDUSD call contract, even though the 90- and 45-minute baselines are still bearish, due to the fact that price breached and seemed to find support at the outer lower edge of the 16-hour price range (at 0.60% deviation) along with the three-hour temporal support level, AND the eight-minute baseline crossed above an upward sloping 20-minute baseline.
But, success will depend on whether the pair follows through on the way to expiry 35 minutes from now.
But, success will depend on whether the pair follows through on the way to expiry 35 minutes from now.
The 45-minute baseline has now formed an upward hook and candlesticks have just crossed above the 90-minute baseline, so I went ahead a purchased a second AUDUSD binary option call contract, set for expiry in about one hour...
Everything about EURJPY is bullish. So, if at the end of this hour the AUDUSD trade turns out to be profitable, I plan to make one last transaction, purchasing an EURJPY in-the-money two-hour call contract.
Everything about EURJPY is bullish. So, if at the end of this hour the AUDUSD trade turns out to be profitable, I plan to make one last transaction, purchasing an EURJPY in-the-money two-hour call contract.
Cancel that...the 45- and 20-minute baselines are now bearish, so at this point, it makes more sense to purchase a GBPUSD in-the-money put contract scheduled for expiry 90 minutes from now.
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