Binary options - any pros at all?

[expiated]

The above cannot be implemented as written because it ignores the dictate to always trade in sync with the slope of the two-hour baseline. So, figure out how to reconcile this with the mandate to always trade in the direction that the 12- and eight-hour baselines angled—for doing both at the same time is not always possible.

It could be that a guideline such as "the two-hour trend prevails over the 12- and eight hour baselines if the slope of the two-hour baseline as indicated on the corresponding lower-panel histogram is greater than 0.028 or less than -0.028" will solve this dilemma.

 

[expiated]

This contract was purchased because "the bottom six lights are lit" and it looks like the rate is in the process of being rejected at the 1¼-hour temporal support level.

 

[expiated]

This contract was purchased because "the bottom six lights were lit" and it looked like the rate was in the process of being rejected at the 1¼-hour temporal support level.

 

[expiated]

Tuesday / July 13, 2021 / 6:00 PM PST

The above cannot be implemented as written because it ignores the dictate to always trade in sync with the slope of the two-hour baseline. So, figure out how to reconcile this with the mandate to always trade in the direction that the 12- and eight-hour baselines are angled—for doing both at the same time is not always possible. It could be that a guideline such as "the two-hour trend prevails over the 12- and eight hour baselines if the slope of the two-hour baseline as indicated on the corresponding lower-panel histogram is greater than 0.028 or less than -0.028" will solve this dilemma.

I have an MT4 Profile (chart configuration) I've named "One-Hour Scenarios" which I kind of like mostly due to its clean, simple elegance. And in referring to this forecast model, here's what I think I see...

You want to be very hesitant about trading against the twelve-hour trend. And in fact, if there is any single setup that you should be looking to trade, it might be this: When the twelve-hour and eight-hour (and six-hour) baselines are headed in the same direction, enter positions as the two-hour baseline reverses its trajectory so that it transitions from countering their slopes to matching them.

Following this guideline should resolve the above dilemma and might even result in trades leading to profitable outcomes nearly 100% of the time.

 

[expiated]

NZDUSD climbed so high that it pulled the 12- and 8-hour trends from bearish to bullish trajectories. However, this also positioned the rate in the top half of the four-day and two-day price ranges, which are both bearish, and at an upper level of the 12-hour price range at 0.55% deviation, not to mention the fact that the 20-minute baseline just now formed a downward hinge—all of which led me to reason that by the time ten hours go by, the pair's price will be lower, even though the 12- and 8-hour trends are now bullish. I just hope that giving the longer-term measures more weight was the correct decision. Also, technically, I'm jumping the gun here, because I have not waited for the two-hour baseline to turn south for confirmation before entering the position.

 

[expiated]

If there is any single setup that you should be looking to trade, it is this: When the twelve-hour and eight-hour (and six-hour) baselines are headed in the same direction, enter positions as the two-hour baseline reverses its trajectory so that it transitions from countering their slopes to matching them.

The other major scenarios you want to watch out for are when the eight-hour baseline reverses direction from a southbound to northbound trajectory during times when price is located in the bottom half of bullish two- and/or four-day price ranges; or conversely, when the eight-hour baseline reverses direction from a northbound to southbound trajectory during times when price is located in the top half of bearish two- and/or four-day price ranges.

 

[expiated]

If there is any single setup you should be looking to trade, it is this: When the twelve-hour and eight-hour (and six-hour) baselines are headed in the same direction, enter positions as the two-hour baseline reverses its trajectory so that it transitions from countering their slopes to matching them.

Look into adopting the following guideline as well as, or in place of, the above...

When the twelve-hour and eight-hour (and six-hour) baselines are headed in the same direction, enter positions as the 23-minute baseline reverses its trajectory so that it transitions from countering their slopes to matching them.

 

[mab81]

Yes binary options do offer benefits, such as being better able to control the losses you could make. You could also trade both short term or longer term, so they are suitable for any trader's preferences.

 

[expiated]

When the twelve-hour and eight-hour (and six-hour) baselines are headed in the same direction, enter positions as the 23-minute baseline reverses its trajectory so that it transitions from countering their slopes to matching them.

So then, use the two- and four-day measures for identifying possible reversal zones ONLY! In other words, watch for when candlesticks are painting on the "wrong half" of a sloping price range envelope, OR painting at the outer edges of a price range envelope, whether sloping or not.

Look to the 12-hour price range envelope for the general overall day-to-day flow of price (but NOT to the 8- or 6-hour baselines).

Rely on the 8-hour baseline for confirmation of major intraday trend reversals, but do NOT turn to the 8- or 6-hour baselines for conveying the intraday trend in that they are not responsive, fast, or sensitive enough to serve in this capacity.

For the immediate intraday trend, ask yourself, "On which side of the 23-minute baseline are candlesticks (and the 11-minute baseline) currently painting, and in which direction is the 23-minute baseline sloping?"

However, the more stable (overall general) intraday price flow, or trend, is conveyed by the two-hour baseline, in combination with the 90-minute price range envelope (60-minutes is too unsteady and evidences an excessive amount of weaving).

 

[expiated]

Look to the 12-hour price range envelope for the general overall day-to-day flow of price (but NOT to the 8- or 6-hour baselines).

Also, look for price to be rejected from the "wrong" side of a sloping 12-hour price range envelope at 0.45% deviation, or for the 2-hour (to 8-hour) baseline(s) to reverse direction from either side of the 12-hour price range envelope at 0.90% to 1.50% deviation.