Price action method in binary option indicator
Two exponential moving averages: You can also add on 21 but not essential […]. Are you looking for a moving average strategy for binary options? One of the easiest ways to trade the forex markets is by using a moving strategy. While this strategy may be simple, the moving average needs to be exponential. This ensures you accomplish the right trades sooner and you squeeze a little more out […].
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Moreover, it can be used with all sorts of currency pairs. Thank you for your patience. Video 2 is done and will soon be uploaded. Please re-watch lesson 1 and also watch the new video at least a couple of times and give it some time to sink in. If there are things that are unclear let me know! There will be at least one more video coming up, so the series is not finished yet as there are many subjects to talk about. Video 1 and 2 are now both available on YouTube. Please watch them several times because there are so many details.
Let me know if you have questions and stay tuned for video 3. I hope you liked video 2. Video 3 is done too! It will be uploaded very soon. Hello Okane, Again thanks for your tutorials I Have three questions: Thank you very much, and sorry for this mass of questions.
Let me try and explain, those are difficult questions to answer. You have to view this in two different ways. But, for example sometimes like last Friday you could see on the M5 how price kept consolidating in a short range until it broke the support. In those cases you would have more luck taking the touches on the resistance instead of the support because you knew the overall trend was bearish so once it broke you would be safe.
On the other hand, many touches on an hourly or daily chart is slightly different. They are still strong, stronger than lower TF but 10 touches on a daily chart means 10 days! In the video you saw that price did break the resistance I mentioned it would reach but I still managed to pull off a put option without losing. Because that resistance was HUGE, was on a daily chart and despite the many touches we knew there will be enough sellers in the market to allow for a small window for you to take a put option.
So in that case, I was aware that, just like you said, due to too many touches it could break above R, which it did but that wasn't problem for me. IF the same R was drawn based on just candle touches during a few hours I would probably have lost that trade. Hope is not that confusing? The thought process here is to identify where price closed. In the video I had placed my line above where candles closed because if you look to the left you see a big bearish candle that I also mention in the video that is of great importance.
Because of its size we would know there are huge sellers in that area. Also, my line was at 1. Furthermore, price might not close at your line but might just reach up and touch it and for me that's when I want to enter. Also, you can get help from EMA's when you adjust your lines but watch candles closely, scroll back in time and find more valid touches and big falls or rises. Additionally, it also uses the MACD indicator which is suitable for binary option trade.
And how do these indicator get along? How to set up the chart Timeframe: BBand Stop binary option strategy Published: BBand Stop strategie , binary options 5 minutes , binary options strategy , strategie. Binary strategy , pinbar , value chart.
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