You are risking 50 bux to make 37 bux, in a 2 hour time-frame. That is not a good R:R
Binary options - any pros at all?
- Thread starter blackkey
- Start date
You are risking 50 bux to make 37 bux, in a 2 hour time-frame. That is not a good R:R
Monday / July 12, 2021 / 3:00 AM PST
This 9-hour contract was purchased based on the contention that when a trader observes candlesticks painting above the eight-hour baseline after the two- and four-hour baselines have begun to reverse direction to establish upward trajectories—especially when the two- and five-day trends are already headed north—the trader has ample reason to conclude that the intraday trend is more likely than not reversing from bearish to bullish.
If these assumptions are valid, then USDCAD should theoretically be in-the-money nine hours from now.
This 9-hour contract was purchased based on the contention that when a trader observes candlesticks painting above the eight-hour baseline after the two- and four-hour baselines have begun to reverse direction to establish upward trajectories—especially when the two- and five-day trends are already headed north—the trader has ample reason to conclude that the intraday trend is more likely than not reversing from bearish to bullish.
If these assumptions are valid, then USDCAD should theoretically be in-the-money nine hours from now.
The above assumption proved to be invalid, which suggests that it is folly to trade in a given direction if the trade is not supported by the slopes of the eight- AND 12-hour baselines.
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Monday / July 12, 2021 / 8:30 AM
This three-hour binary option contract will help to establish whether the above assertion is always true; for the direction of this trade is in opposition to the slopes of the eight- and 12-hour baselines; but the position has been entered nonetheless based on market structure, given that price appears to be bouncing off support in the form of the nine-hour temporal support level AND the bottoms of the two-hour price range envelopes between 0.23% and 0.34% deviation.
This three-hour binary option contract will help to establish whether the above assertion is always true; for the direction of this trade is in opposition to the slopes of the eight- and 12-hour baselines; but the position has been entered nonetheless based on market structure, given that price appears to be bouncing off support in the form of the nine-hour temporal support level AND the bottoms of the two-hour price range envelopes between 0.23% and 0.34% deviation.
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This two-hour binary option contract WAS purchased in line with the slopes of the eight- and 12-hour baselines, not to mention the four-, two-, and one-hour baselines as well. It was entered as the rate appeared to bouncing off (or just above) the 1¼-hour temporal support level, as suggested by a reversal in the five-minute baseline as it was crossing above the 15-minute baseline.
So, twenty minutes after entry, the trade would have been profitable. But I will have to wait to see if this is still the case an hour and forty-two minutes from now.
So, twenty minutes after entry, the trade would have been profitable. But I will have to wait to see if this is still the case an hour and forty-two minutes from now.
This trade was successful, and yet, it nonetheless illustrates that entering positions which counter the trajectory of the eight- and 12-hour trends is risky business, at best.
This trade was also successful, but only by the skin of its teeth, rising just barely above the strike price in the last four minutes...
The lesson of this trade is to refrain from entering positions after or near 9:00 AM PST, when liquidity virtually disappears, thereby robbing currency pairs of the momentum necessary to push rates in one direction or another very far for very long. So, don't do it—even if the trade is supported by the trajectories of the eight- and 12-hour baselines!
The lesson of this trade is to refrain from entering positions after or near 9:00 AM PST, when liquidity virtually disappears, thereby robbing currency pairs of the momentum necessary to push rates in one direction or another very far for very long. So, don't do it—even if the trade is supported by the trajectories of the eight- and 12-hour baselines!
So, let's suppose you rigged up a system on some kind of platform where the bottom two lights would turn on whenever the 12- and 8-hour baselines began sloping in the same direction, and additional lights would go on whenever other baselines adopted that same trajectory. You could draw templates illustrating which light combinations would constitute trigger signals, and then someone with zero experience could know when to execute trades simply by matching the light patterns showing on the platform to your illustrations.
See if any of the following light patterns work 100% of the time...
You would also need the display to light up to indicate whether the individual should buy or sell.
See if any of the following light patterns work 100% of the time...
You would also need the display to light up to indicate whether the individual should buy or sell.
- At 10:02 PM PST (8:02 Eastern European Summer Time) I am buying AUDUSD based on Light Pattern C.
- At 8:05 EEST (also Eastern Africa Time) I'm selling EURAUD.
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