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Perfect Pivot Trading

When you wait patiently for the trade set up to occur, good things will happen. Today, we set an alert around 8:30 AM this morning around the price of the pivot point on the euro USD. It was around 9:15 when this price alert triggered and gave us our first entry for a put option on the binary markets. During this 45 min. stretch before making this trade I was able to do other things and not have to worry about finding a particular trade.

Once the trigger hit, I immediately sprung into action and placed my put option at 24 option about one PIP above the pivot line. Within about 5 seconds the price was in the money and never looked back. This trade had dropped around eight pips at the close and by the end of the hour the price had dropped to number 20 pips. There were a lot of things working [Read more…]

Binary Trading Alerts and Ideas

Trading ideas are what makes a good trader a winning trader. We are constantly looking for the ideal set up to trade on a consistent basis. A lot of times it is hard to find the same set up over and over again in any trading market. Binary options are no exception to this fact and you have to find a good standard to trade off of if you want to be successful.

Just like a fingerprint not all trades are the same. One day you may see a put option when the price reaches a certain pivot level and the next day you might see a call option at that same particular price. Not all trading is the same. We’ve included a couple of screenshots of how to look for trading ideas and one being about setting the trade alert based on your idea. Trade alerts can be real handy when you don’t have time to watch the screen waiting for the setup to happen. [Read more…]

Trading GBPJPY Binary Option

Every once in a while Binary Option traders make a mistake. This time the trade taken hasn’t been done in several months. We usually look at the euro and the pound dollar, but this time we saw a nice set up on the up pound yen. The price came up to the pivot point at just the right time to take a put option. Once the trade was entered the concern set in pretty quick. [Read more…]

Consolidation Bounce Trade

Today’s trade set up occurred this morning based off a mini consolidation area after a huge move down in the euro and the pound. We had set an alert to trigger our trade on certain levels so we didn’t have to monitor the computer screen for the setup. In this case the price did not reach that price level, but we did notice the small consolidation area that gave us a nice entry for a call option in a more down trending market. [Read more…]

Changing on the Fly

Sometimes when you see a particular trade, other things develop which make you change your mind and do something of the Opposite. During this trade of the day, the markets were in pretty much a steady downtrend. Although we were looking for solid put options throughout the morning nothing really developed in our favor. It wasn’t until late in the morning when we decided to take a call option only to change our mind and take a put option a few minutes later.

In trading you take your best opportunity and make the most of it. In this case, the call option we were seeking was at a good price point, but the price had already moved up in the direction we were seeking. [Read more…]

Put Options at the Right Time

After a day off of trading yesterday, we got back to business today taking a put option on the pound dollar currency pair. This trade was based on severe resistance from several days ago. We were also hitting a resistance point on our pivot’s. We saw the price rise over the past few hours in more of a downside market, which led us to taking this trade this morning. [Read more…]

Binary Options and Gaps

Trading in any market after a gap in price can be quite difficult. When looking for a trade in the binary options market patience is key. In the trade we saw today with a 80 PIP Down gap at the opening of yesterday’s market, we knew we had to be observant of of the market conditions. The price of the euro dollar dramatically increased almost back to the gap price. A lot of people consider big gaps in one direction or another the trend for the day. However, a lot of times price tends to come back up or down depending on which way to fill the space that was completely missed.

In this case, we saw the price drop and shoot back up over the 61.8 Fibonacci number. The price hit support level II which in this case turned into a resistance point based on pivots. [Read more…]

Trading Binaries Around News

Once a month, on the first Friday the nonfarm payroll report comes out for the US market. No matter what you are trading, whether it’s binary, stocks, futures, or any asset you should be aware of this news event and to be very careful when trading around it. As a binary trader, we are looking to trade in about an hour after the news has been digested into the market.

Today, the news came out and it wasn’t anything spectacular. We noticed a slight move down and then a solid move up to the resistance line on the EURUSD. Although the price was moving in the direction [Read more…]

Binary Trading Live Day Four

Over the course the night we witnessed the euro and the pound significantly drop to some new lows for the past couple days. After monitoring these currency pairs we noticed that the downtrend has taken over and we were currently looking for put options going forward.

This morning news came out on the US markets causing the euro to jump 70 pips in less than a half-hour. With this in mind we knew that this extended move would have some good pullbacks. It just so happened that the pivot line was right there for are taking. We saw the pivot and put in our put option at [Read more…]

Trading Binaries Live

We had noticed the euro and the pound getting demolished overnight. Specifically, the euro had dropped over 100 pips since midnight. This made us only want to trade put options on retracements and only look at call options after the trend has been changed a bit. [Read more…]

Binary Trading Day Two

This binary option trade of the day was set up for a put option on the pound dollar. The daily trend has been up on the pound, but recently the currency pair has been falling back. After we saw a nice consolidation range on an hourly chart, and then follow through to make even lower lows, we decided to consider what are next move would be.

[Read more…]

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…]

Apple Still Has Legs

You can Trade Apple on the binary Markets

Trading Apple Binary Options Can Be Profitable

Apple’s stock had a big day on Tuesday, March 27, 2012. It closed Monday at just under $607 per share, and in early Tuesday trading, it quickly went up over $613. This was a great wave of momentum for binary options traders especially since the stock rose so quickly. Traders looking at short term options, such as 60 second or even 5 minute options, were met with welcome gains.

Apple doesn’t look like it’s going to slow down anytime soon. It’s one year estimate puts it at $650. This is, in essence, a binary options trader’s dream. Apple has a great line of products and strong fundamentals. It is on a pronounced upward trend over the last four months, thus making it a great candidate for call options. While there is no guarantee that it will go up as steadily as it has over the last several months, there is a definite trend in play which makes call options the best bet, even for 60 second binary options.
[Read more…]

Best Underlying Asset

It's best to understand Forex as an asset

Learning Forex will Make you a better Binary Trader

Choosing the right underlying assets to trade is extremely important with binary options. Instead, devote yourself to a certain type of asset, this way you can build mastery over a small portion of the market rather than being adequate when it comes to trading the entire market. Think about which kind of trader will make more money. [Read more…]