Archives for April 2012

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Trading Binaries on Monday Day One

After much anticipation over the weekend we were seeking a solid trade for our trade of the day. The binary options market can sometimes throw some interesting looking charts at you, but you need to take advantage of certain setups when they appear.
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Trading Support and Resistance

Trading binary options can be exhilarating if you have a solid strategy behind you. One of the strategies that we follow are pivot points and support and resistance lines. Over the years of trading we have used these lines to help us find solid entries for our long call options and our short put options. The example in this post will show you exactly what we look for in a solid set up for us to take a trade.

The image below shows a 1 min. chart of the EURUSD. This chart was taking during the morning hours of the New York session which is a heavily traded time of day for the binary options markets. We are using the Metatrader account to plot our price action in the markets. The overall trend for the day on April 9, 2012 was to the downside on the EURUSD. On the left-hand side of the chart you can [Read more…]