Binary options - any pros at all?

[expiated]

Use this tool to increase or reduce the interval of time displayed on the screen (i.e., within the field of vision).

 

[expiated]

Here is an alternative strategy. It's my contention (which is to be put to the test) that the vast majority of the time, if you buy a currency pair with a rising daily trend line if and when the rate has fallen below where it opened at the beginning of the current 24-hour market cycle, the asset is likely to be above your purchase price by the time the Forex market "dies" the next day, usually sometime around 9 o'clock in the morning Pacific Standard Time (and vice versa).

This didn't work out today, so don't do it automatically. Instead, before executing the strategy, wait for a reversal in the two-hour baseline.

 

[Overnight]

For the time being, my only aim is to attempt to ensure I finish each 24-hour market cycle with more capital in my account than I started with, even if it is only by one dollar.

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And these initial hours have led me to conclude that the configuration below is the best to assist me in accomplishing this goal.

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With that settled, my plan now is to begin increasing the size of my trades little by little as I become more comfortable interpreting price action based on this setup, so that by the end of the month, I am executing much, much larger trades at a rate of success well above 70 percent using something akin to a martingale system.

I count 11 MA lines with a bollinger channel. How can that possibly be helping you? Would be curious to understand the logic of how you see future direction in that mess.

 

[expiated]

Click on this tool in the upper right-hand corner of the display (circled in yellow) to be able to view a list of open (or closed) positions:

 

[expiated]

Click on this tool in the upper right-hand corner of the display (circled in yellow) to be able to view a list of open (or closed) positions:

And simply click on any given pair to view its corresponding chart.

 

[expiated]

It's amazing to me that it was only at the end of today's activity that I realized there is a very logical, intuitive, common-sense tactic I should be able to apply when using the chart configuration below which ought to lead to days that are much more profitable than today and yesterday have been.

I don't know why I didn't come up with it earlier, but I'm curious to see if it actually works over the next 24 hours. (It would be nice to do better than making a measly ten bucks a day.)

 

[adxexcel]

I was the options market maker for Hedgestreet, the predecessor to Nadex.

The winners on the exchange used to game the system by entering standing orders to buy low and sell high at the nearest strike five minutes before expiry. To combat we'd widen the spreads close to expiry, there was no other solution. Mostly accounts were taken to zero by dumb trades and we'd have to go out and market for new traders. Spreads are a main component working against you on binary options.

You really don't need to trade binary options to trade binaries. They are exactly a 1 or 0 bet and so are very close to trading thinly spread verticals. If you want I'd suggest trying that instead with highly liquid equity options the spreads are tight and the commissions very low. Here's an example using UVXY at the money call vertical. Below is the payoff at expiry which looks a lot like a binary with some time to go all you would need is for the vertical line in the chart to go straight up.

 

[Sig]

I count 11 MA lines with a bollinger channel. How can that possibly be helping you? Would be curious to understand the logic of how you see future direction in that mess.

He won't answer you, he actually doesn't appear to be capable of listening, only speaking.

 

[expiated]

It would be nice to do better than making a measly ten bucks a day.

I still have not arrived there yet...

On a slightly different note, if I (remember to) use the chart configuration from Post #146 to scalp pips in my traditional Forex trading account using the same tactics simultaneously, I'm likely to see an 85% to 100% daily success rate. (Today's was approximately 89%...)

I think I'm comfortable enough now to ease up to a standard trade size of 0.05 lots (as I did in the demo account directly above) instead of 0.01, so that I might begin seeing returns varying from 97ȼ to $19.27 per trade as opposed to just 11ȼ to $3.27.

 

[expiated]

They are exactly a 1 or 0 bet and so are very close to trading thinly spread verticals.

I'm learning about trading options right now (which I have temporarily suspended/put on hold) so maybe I'll look into this once I understand stuff like "verticals," provided it applies to vanilla and/or SPOT products and offers the same amount of flexibility that binary options do. However, I'm presently working with a couple of potential "partners" in other countries exploring the profitability of using Deriv and/or PocketOption, and if they end up paying me for signals, I might opt to simply keep expanding what I'm doing in that arena (providing information for others to use as they see fit).