Using Price Action In Binary Options

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Good Day Traders,

I'chiliad Kostasze and my beginning article is virtually my trading style and some comments in my trades. Start of all, I want to say that I am a short- term binary options trader, 1 min and five min death are both short-term trading.Personally, I prefer trading one min expiry with 1min chart.I sometimes apply 5min chart to filter some of my entries.

Some benefits of 60secs trading:

quick profit
More than trading opportunities
More volatility when the marketplace is tedious
Solid Price Action setups, at least for me

Downsides:

Easy to miss an entry
Losses can mount upwards chop-chop
Can exist addicitive due to gamble of 'gambling' (Avoided with a strategy and discipline)

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General take a chance warning: your capital is at risk

* Amount is credited to account in case of successful investment

The Key:

Now, let'due south go to the technical analysis. I believe that the nearly solid and the "holly grail"that many people are looking for(merely they never sympathize information technology) is Price Action. I don't mean candlesticks patterns, I am talking about how the price acts in some specific levels. These levels might been Back up/Resistance,Daily Pivots as S/R, Fibos and extensions as S/R, Harmonic Patterns, Head & Shoulders, Double Top/Bottom Patterns, change of polarity(a support becomes a resistance and the opposite). This is what I phone call "PURE Cost ACTION" and it'south something that you give y'all the opportunity to trade with or against the trend and stay profitable.

Indicators:

About the indicators, I take one uncomplicated thing to say. In that location isn't a magic indicator, at that place isn't a magic system which will make you rich. So, the best option is to stop looking for them and acquire basic price action. Personally, the indicators I use are EMA'due south (for identifying the trend), CCI, RSI(for identifying overbought/oversold of the nugget), whole number'southward indicator(equally confirmation of S/R), Daily Pivots and Daily Fibos indies. All of them are simple indicators to confirm PA and you can observe them free.

Some Screenshots of my today trades using Price Activeness for trading a reversal

4/5 ITM

performance: 80%

Look at the beginning of the rectangle. The price afterwards a big motion up striking the whole number 1.51100(the cyan line) and then brand a big movement down. The whole number is now our resistance. Price make a come back and come again near the whole number. When price touch on our resistance I took the trade(the put arrow). It was ITM. The doji star here is our confirmation. You can hands see from the EMA's (8 EMA is above 4 EMA) that we are in a downward trend. So, in this case we are trading with the trend.

In the 2d screenshot we have the same state of affairs but now we are taking a call the second time that price test thursday whole number 1.27864 which is our support. In this case you tin can see that our 8 period RSI is below 30 level. This means that the asset is oversold this moment and this is our confirmation. We should wait for a modest pull pack and information technology comes.The next candle is green.ITM. Notice that we are in a down tendency.

Kind Regards,

Kostasze

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