Marketsworld binary strategy
A bull trend is typically characterized by a set of upward movements of an asset where the highest point of each rally breaches the high observed in the previous rally and the lowest point of the rally is more than that of the previous one. A bullish trend involves succeeding higher highs and higher lows and this signals the start of an up-trend. The end of this trend is characterized by a lower high succeeded by a lower low.
A bearish trend involves consecutive lower highs and lower lows. A bear trend begins at the conclusion of the bull trend.
A trend is said to be reversed if there is a break in the cycle of higher highs and lower lows. So long as signals for the start of the opposite trend are not obtained the trend is said to be intact. This can be summed up as when a low is lower than it had been till a specific time period, it is then it is called a swing low.
When the lower swing lows it means that there is a downward trend for the underlying asset. When the higher swing highs it means that there is an uptrend for the underlying asset. Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy set-ups. To provide a baseball analogy, a hitter who normally maintains a batting average of.
On the other hand, in that same span, he might hit. Continue to consider price action e. But without further ado, I will show you all of my second trades from Monday and I how I put all of the above into practice. To avoid confusion, I will briefly describe each trade according to the number assigned to it in the below screenshots.
On the first re-touch of 1. Similar to the first trade I took a put option on the re-touch of 1. This trade also won. A third put options at 1. This trade lost, as price went above my level and formed a new daily high.
Price formed a newer low at 1. I took a call option on the re-touch of 1. Basically the same trade as the previous one. Price was holding pretty well at 1. On a normal move, I would take a put option there, but momentum was strong on the 2: Several put options almost set up on the 1. So my next trade was yet another call option down near where I had taken call options during my previous two trades.
I felt this was a safer move as just half-a-pip can be crucial in determining whether a second trade is won or lost. Call option down at 1. However, the minute after this trade expired in-the-money, the market broke below 1. This trade was a put option at 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range. I decided to take a put option at the touch of 1. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward.
But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1.
For this trade, the high of day initially made on the 2: I had intended to take a put option at this level on the 3: And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry.