Archives for June 2012

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Perfect Trade Going

After a great week of trading it was nice to see a trade really work in our favor. At around 8:30am we noticed the price moving to support level one on the pivot. We decided to let the price consolidate for a couple of candles. We then entered our trade, which was a call option to the north side and we watched the trade successfully move up without any pain. For about a week now we were trading very thin market conditions. What I mean by this is, we weren’t seeing the moves we had seen in previous weeks. Most of the trades this week have been 1 to 3 pip winners and it was good to see a trade really work in our favor. [Read more…]

What Happens Today

It wasn’t until after our trade that the price on the EURUSD dropped significantly to the downside. We notice how price was below the pivot this morning and wasn’t showing much strength for us to take call options. We did however Miss a solid trade which would’ve been a call option at support one level, but we were unable to take the trade. At around 9:15 we did notice the price start to rise up back into resistance and that is where we took our put option. The price held and consolidated before dropping in our favor within the 3 min. we had on this trade. We had very little pain for the trade of the day. [Read more…]

Trading Strength in the Markets

No matter what happens in trading it is always better to trade the strength and not get left behind. Today we saw a EURUSD move up in a nice stair stepping pattern with some nice consolidation. There’s always a time when you need to consider a put option after a significant move in one direction, but in this case we were just around the pivot and there was plenty of room for the price to move up even more. We had seen the price move around 40 pips within about 30 min. We decided to take a call option after a recent consolidation area and the price ended up being two pips above our strike price. [Read more…]

Trading Binaries on a Friday

Today’s trade was definitely based on price action on the EURUSD. We noticed this morning that price had been up, but not enough to not consider put options. The trade we took today at Bank De Binary was triggered on a past consolidation area that was once a support level and then turned into a resistance point. As the price moved up into this location we took our put option seeking are trade the day. In the end we had a few pips a profit and it worked out well. [Read more…]

Trading is Interesting

We decided to take our trade this morning using their 10 min. options. It was a pretty successful trade although we felt a little bit of pain throughout. We will continue to switch between 24 option and Bank De Binary, as long as the payouts stay around the same will most likely lean towards 24 option at this point. [Read more…]

Binary Trading with What

Today’s trade set up was perfect. It didn’t take long for us to find a nice resistance trade this morning. After opening our charts within a couple of minutes the EURUSD trade set up occurred. This resistance put option played out over 5 min. and won by over four pips. It’s a good feeling when you turn your charts on and find a trade immediately and you can get your day going quick. [Read more…]

Using a 5 Minute Chart for Entry

The trade of the day for June 8, 2012 was created by using a 5 min. Metatrader chart. We noticed how the 5 min. chart created several areas of support. Once the price at the support level was broken, any price that moved back into this level would now be considered resistance. At 9:06 AM this morning we noticed the price move back into this area and that is why we took a put option. The put option had a few levels of pain and never really moved in a solid direction during the 15 min. expiration time, but in the end the price did move enough in our favor. [Read more…]

Trading Binary Option Channels

Trading channels on the markets is one of the all-time trading methods when it comes to trading tight ranges. Today on the EURUSD we saw a channel develop on the old resistance area which became a new support area. This price allowed the position to hold within a few pips and then catapult up to the North Side. [Read more…]

60 Second Binary Options New Setup

We are constantly looking for new methods to trade on the binary options market. Today we stuck to our 15 min. expiry and had a solid winner based on a nice resistance level after a solid move down throughout the morning. This trade came about just after nine o’clock this morning which allowed us to get a solid entry and closed several pips in our favor. We did go through a few pips of pain but that only lasted a short time. [Read more…]

Trading a Wick Candle with Resistance

You can stare at charts all day long and try to find the best trade possible only to watch it fail when you actually pull the trigger. Making solid educated guesses is critical when trading the binary options market. If you force trades, whether it’s on 60 second trades, 15 minute trades, or anything after that you will most likely suffer significant losses. [Read more…]

Resistance Against the Trend

Today was one of those days where you looked for particular trade setups based on price action. We had watched the EURUSD move up nearly 70 pips in an hour with hardly any pullbacks on its way up. After flying through our resistance one point we were seeking our next trade set up potential around resistance two. Shortly after passing the first resistance area the price had moved up to resistance two. This is where we decided to take are put option. It was a bit risky at first considering the move we saw over the past hour, but it was definitely extended. [Read more…]

Non Farm Binary Trade

Trading on Non-farm payroll can be quite rewarding if you know what you’re doing. News trading has a lot of potential for making significant moves on the markets. Once the news is out we usually wait around 30 minutes before making any new trades on the binary options market. This gives enough time for the information to digest inside the traders minds and open up new opportunities for new trades. [Read more…]