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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.

As you can see in the chart in figure 1 we were looking for an area of resistance based on previous price action. We had set a trade alert in our Metatrader Platform to trigger the price hit a certain area. Looking at this 5 min. chart you can see how far along it took for the price to come to our level. Once the alert told us the price reached this mark we then entered our put option and let it run during expiration. As you can see based on the chart itself that this trade would’ve worked out really well.

EURUSD Trade setup today

Figure 1 - Notice where we set the alert to trigger on this 5 Minute Chart

The chart below in figure number two shows the pound yen 1 min. chart. This Metatrader chart shows how the price recently moved down to the support level one. With in an hour of this move it moved back up into pivot level. Once we saw the price hit the pivot point we knew to take a put option. No matter what price you got around the pivot, the trade would’ve been successful on a 15, 30, or even an hour expiration. Trading binary options using pivot points is definitely one of the strongest methods of trading. Not only are you seeking trades that will turn at levels they also work out for you in the same direction as the trend.

Took this Pound Trade

Figure 2 - Trading the Pound Yen on the Binary Markets

Always consider new trading ideas when looking at binary options market. Not all trades are the same, but you will start to see similarities of trades that work well at certain times on certain instruments. These two charts show how a few would take the trades based on our levels and would be winners. Not every trade will work out for you based on certain criteria that you come up with leaving you with more information to dig up. Always continue to research new trading methods and try to keep it as simple as possible when doing so.

Risk Disclaimer

Comments

  1. Solid trade on the 5 minute chart. Observe the doji, and act on the next confirming candle. Look at around 1.28485, you see the bearish engulfing pattern, strong indication of a reversal,then again on the 3hr alert, you see another doji,confirming the end of the uptrend.One can also confirm this by using their indicators, schocastics, etc.

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