South Winds, Red Skies & Clouds in the West
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The USA Consumer Price Index data didn't seem to have any effect on the markets this morning.
Though none of the pairs have actually reversed direction on me yet today in terms of the overall trend, NZDUSD, EURUSD, and NZDJPY did pull back far enough to stop me out, so my question now is if I reenter the positions (which is what I plan to do...with the exception of NZDUSD) will they let me recoup my losses?
AUDUSD looks like it is losing momentum, so I am hoping to get the opportunity to exit that position merely "pennies" above where I entered. EURAUD is losing momentum as well, so I am likewise waiting to see if I can get out just below where I sold it.
Though none of the pairs have actually reversed direction on me yet today in terms of the overall trend, NZDUSD, EURUSD, and NZDJPY did pull back far enough to stop me out, so my question now is if I reenter the positions (which is what I plan to do...with the exception of NZDUSD) will they let me recoup my losses?
AUDUSD looks like it is losing momentum, so I am hoping to get the opportunity to exit that position merely "pennies" above where I entered. EURAUD is losing momentum as well, so I am likewise waiting to see if I can get out just below where I sold it.
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The Enter Anywhere Orange/Brown system has barely returned a profit in my Tickmill account during the last 24 hours and has resulted in a number of binary option losing trades...
In addressing the latter, my plan is to initiate what I’m calling a “Shoreline Touch” strategy where I either purchase a binary option contract when price touches the far side of a dynamic adaptive price range envelope in relation to the direction of the overall trend, or once the short-term trend reverses after price has been riding the far side of a dynamic adaptive price range envelope in relation to the direction of the overall trend.
In this way, I can collect my winnings after just one hour or so instead of having to wait a whole day to see what happens. (Unfortunately, between 1:00 p.m. to 4:00 p.m., Binary dot come will not allow me to purchase anything under a five-hour contract, which is why I could not profit from selling GBPUSD after just ten minutes, as the image below shows was a real possibility.
In addressing the latter, my plan is to initiate what I’m calling a “Shoreline Touch” strategy where I either purchase a binary option contract when price touches the far side of a dynamic adaptive price range envelope in relation to the direction of the overall trend, or once the short-term trend reverses after price has been riding the far side of a dynamic adaptive price range envelope in relation to the direction of the overall trend.
In this way, I can collect my winnings after just one hour or so instead of having to wait a whole day to see what happens. (Unfortunately, between 1:00 p.m. to 4:00 p.m., Binary dot come will not allow me to purchase anything under a five-hour contract, which is why I could not profit from selling GBPUSD after just ten minutes, as the image below shows was a real possibility.
Tuesday / January 14, 2020 / 11:45 p.m. PST
In evaluating the previously mentioned Shoreline Touch Strategy further, I was struck with the possibility that it might possibly be expanded to include a Riverbank Touch Strategy as well. Given the situation at 08:30 (22:30 PST), I believed AUDUSD would be lower than 0.69005 an hour later, and it was...
(The shoreline is the brown envelope, and the riverbank is the green one.)
NZDJPY and AUDJPY were in the same situation...
In evaluating the previously mentioned Shoreline Touch Strategy further, I was struck with the possibility that it might possibly be expanded to include a Riverbank Touch Strategy as well. Given the situation at 08:30 (22:30 PST), I believed AUDUSD would be lower than 0.69005 an hour later, and it was...
(The shoreline is the brown envelope, and the riverbank is the green one.)
NZDJPY and AUDJPY were in the same situation...
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