Binary options trading tips and strategies maniacs
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Best Binary Options Trading Strategies. Binary Option Auto Trading Review. There is one false stereotype about pricing action, according to which the latter totally relies on candlesticks and their formations. This can not be true since, in this case, the type of trading would have been named candlestick action.
One has to note that sticks, as well as formations they build, are nothing else than byproducts of pricing actions. Thus, one can sustain a huge range of OTM trading acts if the trade is started at the moment of hammerhead candle formation. Still, there is a possibility to make ITM trades if you begin acting at the lower part of the wick.
The disadvantage of candlestick application is that a different stick must be chosen for specific timeframes, which may be a problem for traders, who trade in different periods. The same disadvantage is applicable to indicators.
Concerning pricing, it remains the same anytime. Why is, actually, a price action employed? Its main aim is distinguishing a moment, in which the biggest number of buyers and sellers is going to enter trading.
In my trading, I employ SweetSpots. It is the instance of the efficient round number indicator. It is typical to disregard the employment of whole numbers for instance, 1. Since the levels draw many orders, approaching the levels means countering the value moves by the flows. Typically, this process is followed by retracements. The example that is given below shows that in case a trader picks up trades from every whole number touch on our chart — 1.
In my trading, I prefer using the Fibonacci indicator in daily regime. Due to my personal observations, the most optimal daily fibs embrace the 0. It means that in case the mentioned levels are approached, one should expect a reversal. Sometimes, I also employ the drawing instrument of Fibonacci, which has to be installed on the distance between a high and a low that stem from the previous day. In this case, the trades from such levels as This move I recommend to make if a conflation is identified.
As the image reveals, the value strikes on the Accordingly, the act is a distinct ITM. The points are typically employed by me as the domains of reversal, as well as the instruments of price movement predicting. In case the value reaches the point higher than pivot position, R1 is tested as the resistance level. If the R1 line is broken, it becomes perfectly clear that the value gets into the powerful uptrend position. The pattern works just in the same way for downtrends.
The only difference are the indicators involved S1, S2, S3. It is critical to make sure that the treated trades relate to the confluence-based levels. It enhances the chances for the trades having ITM character. If you analyze the chart below, you will notice that the green-colored level R1 is broken.
It implies that the trade becomes ITM on a retest. After a short downfall, the value broke R1 again. At this time, however, a supporting retest never happened. Afterward, the value went up to the red line R3.
The chart demonstrates that R2 become a solid supporting basement as R3 got broken. How to unite all tips into one successful strategy? A trader may reach success in trading only if he manages to adopt all recommendations to his style of marketing. Although the process may be time-consuming at first, if you get a strong grasp of it, it becomes quite easy reading the charts for you. Moreover, it must be noted that hurrying up to open a trade is always damaging.