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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…]

Trading to the End

This particular trade did not work out as we expected. When looking for a trade set up you try to find the best entry possible using our support and resistance areas. On this particular trade we were in between support levels, so we took a trade based on price action and prior movements. [Read more…]

Trading Call Options in a Down Market

During times when the market is one direction, finding a solid trading location can be difficult. In the case of the EURUSD today, on May 30, 2012, the price had been getting hit all night. US markets were about to open down significantly and the price of the euro had been falling for over a month now. At some point in time prices tend to reverse or retrace back into the move. This is where we looked for our entry today. [Read more…]

Trading in a Storm

Within 10 seconds after entry the price jumped 5 pips in our favor and never looked back. We did see a gain of about 12 pips at one point, but by the end the price closed seven pips in our favor, never touching the area of being out of the money. [Read more…]

Using Lower Highs for Entry

Today’s trade was based on the EURUSD moving to the north side only to reach just above the pivot line and then try to break that high two different times. On the third attempt to break the most recent high we noticed how it was stalling quite a bit. This is when we entered are put option, which gave us a solid 13 PIP winner and actually dropped another 30 pips after that giving spot Forex traders a solid entry as well. [Read more…]

Opening Binary Option Trading to the Public

As for today’s trade, we changed it up a bit by taking a USDCAD trade. The markets were moving with intensity all morning so you really needed to be on top of your game when entering a binary option trade. The trade of the day was based on a resistance area using the pivot points. The price had moved up really quick to this level and usually when this happens it has a tendency to consolidate or pullback a bit. In our case the price pulled back pretty much immediately after crossing the line. The strength in the pair allowed the price to move up once again, but in the end the price dropped just enough to give us a winner. Going against the trend has some advantages and disadvantages. Just make sure you know what you are facing when you trade this way. [Read more…]

Soft Pull Back Binary Trade

When you are looking for a particular trade set up you should always consider price action over the past hour or two. This allows you to determine if there’s areas of support and resistance. If the support or pivot lines are not showing anything to you at the moment, this gives you more ground on your trade. If the price has moved up or down in a pretty good fashion and then starts to pull back, this is the area you [Read more…]

We’ll Trade Pivots All Day

We talk about rating trades all the time. Some setups are obviously better than others. It’s when you find the setup that you feel really good about is when you realize your trading plan is solid. A lot of traders try to do too much. [Read more…]