Trading Binary Options with Price Action and Trendlines

Best Binary Options Brokers 2020:
  • Binarium
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    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
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  • Binomo
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Binary Options Trading – Free Strategies

Free strategies and indicators that can be used in binary options trading. If you are a binary trader and would like to share your own strategy please email it to info (at) winatbinaryoptions.com including chart snapshots and full description.

Trading Binary Options To Trump’s Twitter Feed

Most institutional traders are now required to watch Trump’s Twitter feed very closely. The reason is that his comments, contained in short and often quite direct tweets, have the power to move the markets as they often do.

How to Trade Binary Options Using Pin Bars

There are numerous strategies that seem to work better than others. Beginner traders will often try many trading strategies before adopting one that works best for them. This is true for Forex, as well as Binary Options.

Trading Binary Options with Price Action and Trendlines

When trading binary options, it is good to have a lot of clarity in order to know how to pick the correct conditions for placing or exiting new trades.

Using price action and following the general trend helps traders profit more often by just keeping things simple and straightforward.

Heiken Ashi Binary Options Strategy

The Heiken Ashi binary options strategy involves the use of the Heiken Ashi candlestick indicator, as well as, the MACD indicator.

Pivot Point-Cloud Strategy for Binary Options

This binary options strategy will use pivot points and the Ichimoku Kinko Hyo (the cloud indicator) as the main indicators for the strategy. The pivot points used are the weekly pivot points, which are plotted by a custom indicator known as the Auto Pivot Plotter Weekly V1-00.

TK Cross Binary Options Strategy Using Ichimoku Hyo Indicator

This is another strategy for trading the Call/Put binary options contract, and involves the use of the Ichimoku Kinko Hyo indicator. As discussed in a previous strategy, this indicator consists of several components, each of which can be used in different ways to create different trade strategies.

Time Zone Breakout Strategy Using MT5 Indicators

The Time Zone Breakout strategy for binary options is traded at the open of the London and New York time zones, which is when trading activity in the financial markets is at its heaviest.

This trade setup can thus be traded twice a day.

Buy/Sell Channel Strategy for Binary Options

As has been described in a previous article, channels are formed when trend lines that are parallel to each other are used to connect the highs and lows of the price action on any asset.

Price Channel Breakout Strategy for Binary Options

A price channel is formed when a trend line connecting the highs and another trend line connecting the lows of candlestick price action can be seen to be parallel to each other. Price will stay within these boundaries until such a time when the price breaks either of the two trend lines as a result of strong market forces.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Trading Binary Options to News Releases and Events

News events are a major factor in determining market direction in any financial market, and binary options trading is no exception.

Trading the 1-2-3 Reversal Pattern Using the Fibonacci Tool

The 1-2-3 pattern is a commonly traded pattern in forex, used to trade market reversals. The truth is that this pattern can be applied to trade other assets as well, and so it will find application in the binary options market in a variety of ways. These will be demonstrated in this article.

Free MT4 Indicators For Trading Binary Options – PART 1

If you trade binary options using Meta Trader 4 terminal, then this article is for you.

51# Trendline price action forex system

Support & Resistance”, “Trendlines”, “Major Psychological Numbers, Fibonacci Numbers

Submit by Buddy 05/08/2020 (Written by Pulus)

Now that we are done with the basic first steps, it is time to learn the set ups You will learn 5 price action set ups combining at times, “Support & Resistance”, “Trendlines”, “Major Psychological Numbers”, and also “Fibonacci Numbers”.

The more that we have clustered in a price range, the better the odds of the trade.

Combining fibs and/or round numbers when drawing your trend line will help you, most times, get your trendline in the right spot. Notice in the picture above where the 4th circle is. Had we not used the major

psych number to predict our trendline position/turning point, the trendline could have been off by 20 or more pips and we could have missed the trade, or worse, lost the trade. This should make positioning the trendlinea lot more easy and less like guesswork.

STOPS AND TAKE PROFITS

Unfortunately for the up and coming trader, we will not be telling you how and where to place stops and take profit levels. A few suggestions will be made to give you a helping hand, but at the end of a day, you will need to figure this part out yourself as it will need to suit your personality

Personally, I use the calculation of the fibs thanks to Paulus. For SL, I set my fib level to 0.84 and the TP1, I set it to 0.17 and for TP2, I have a setting of -1.25. Now as an exception, I would use TP2 line if I entered in between 38-50% levels because if price starts falling from that level it will drop in to lower areas like -1.25. I would use the 0 or 100% levels if I have entered in between 50-61% levels. The reason I am taking TP1 at 0.17 level is because sometimes the price will reverse before it makes its move to the 0 or 100% levels, so this way I have secured my profit and I will achieve a better win ratio. Of course every trader will have their own way of setting TPs and SLs. But I just wanted to explain how I did it.

I think as a minimum, every trader should aim for more than 1:1 risk/reward, moving the stop to break even

once price has moved in your favour a substantial amount. We are trading with the trend, prices often move

3:1 RR so it can really pay to be patient and let prices move for you.

Latitude Lines or Psycological level indicator MT4

‘Prev sup/res swing setup’

‘Prev sup/res swing setup’ can have up to 4 elements to the setup. These elements are are previous res/sup turns into sup/res, fib levels 38% ,50% or 61%, major round numbers and trendline.

Basic Signal: To identify this setup, the prev sup/res element must be on this one and at the same time fib levels must line to 38%, 50% or 61% Fib level. Once those 2 conditions are met, you can take the trade.

Strong Signal: We require the trendline to line up with the prev sup/res line and also lines up with a major psych number. Although I am very serious about incorporating round numbers on each trade, with this one I look at round numbers as the 3rd element because the prev res/sup line is the real sweet spot.

‘2 Element Swing Setup’

To recognise this setup, the price retrace must line up with a major round # and at the same time, line up with fib levels 50%-61%. The reason I look at 50-61% is because they are the most powerful levels of fibs. So it only consists of 2 elements and that is why I called it 2 Element swing setup. To have a stronger signal the 3rd element would be the trendline lining up.

This setup can have an exception. Some slow moving pairs like eur/gbp, eur/chf, aud/cad etc etc, the major round # will not be there because it will have a smaller range. However, as long as the main trend (4hr) is going the same direction then I will still take the trade if the price retraces to the 50-61% and again if the trendline lines up as well. Lately I have begun looking for set ups at 25 and 75 psychological levels on the slower moving pairs as these seem to line up well, but again, I will take the trade if it retraces to the 50-61%

as long as I am going with the trend.

‘Trenline with Round Numbers’

This simple setup is called ‘trendline with round #’ because that is as simple as I can make it. Fib levels are not involved with this one, trendline and a major round # will give you the entry point. I wish I could complicate it, but I can not.

Now with all the set ups, round #’s can be off up to 10 pips and that depends on the pairs. Slower moving pairs could be off up to 5 pips and faster moving pairs, the round # can be off up to 10 pips. You need to be aware of this and trade with that in mind.

Keep in mind with this trade and all trades, the more elements that line up, the more reliable the trade.

As you can see in the picture below, price is in a nice down trend market for the aud/usd pair. Price already tested that down trend level 2 times and the 3rd time it tested it, we entered in.

For the 38 Swing setup, you need to have 3 elements lined up. First we need to have an established trendline. Once price makes the lower low and begins retracing back up, (for a falling trend) we draw our fib from point to point. If our 38% fib line falls on a major psych # and price hits out trend line, we are ready to trade. We set our orders 5-10pips below the 0% fib line and enter once price breaches this area.

We really need price to ride the line or bounce from the line for this setup, not close candles past the fib and become undecided. We want smooth movements and only take the best set ups Stop loss is still at the previously mentioned fib position which makes our stop considerably larger than other trades, however, we will target more here to compensate. You can use fib extensions or ‘target 2’ as your target, just make sure you target better than 1:1Risk reward.

For the final setup we want price to make obvious ABCD swings providing very clear and almost unison sized swings and retraces. If this occurs, we can take the trade at position E once price hits out trend line.

This setup, although can be taken with the two elements, will be become a stronger setup if more elements line up.

Share your opinion, can help everyone to understand the Trendline Price action forex system.

Trading Tools

Just like in every other profession, traders use specific tools to help them perform in their job. Without the right tools no trader could ever manage to get consistent profits, unless he traded on insider knowledge.

Of course the tools used by Goldman and Sachs’ professional traders will be much more advanced than those available to the Average Joe.

The technology today is so advanced and freely accessible that there are some amazing free online tools that can be used for professional trading. This page looks at some of the most vital tools for any type of market trader, let alone a binary options trader.

Live trading charts

If you are trading binary options using the little tick window that your broker provides by default, know that you can do much better by looking at real-time candlestick charts. All traders look at these live charts to analyze or at least follow the progress of their investments. Using professional charts will help you understand the price action much better and predict its fluctuations with greater accuracy. In addition you’ll be able to add indicators and other analytical tools that will help in the analysis of the price action in greater depth.

Economic calendar

Another very helpful tool for trading is an economic calendar which shows data releases that influence the markets. This is an essential tool for traders who trade the markets solely based on fundamental analysis or to financial data releases and take advantage of price fluctuations that follow certain type of data releases. There are also those binary option traders who prefer to stay away from major news events as they trade using pure technical and algorithmic trading techniques and any (outside) interference may throw off their calculations and predictions. For those traders, this economic calendar will indicate when not to trade.

TrendViper – Trend trading indicator for MT4

One of the best MT4 indicators for trend trading is finally here! If you want to trade MA trends like a professional trader ViperTrend is the right solution. Fully customisable indicator and MA visualizer that generates BUY/SELL signals based on crossovers. This trend trading indicator features amazing display with additional information essential to any type of trader. It is fully customizable with many features yet it remains very lightweight and runs smoothly on multiple charts.

Other trading tools

We want to help all Forex and binary options trading enthusiasts succeed in their market investments. We will soon be adding more free tools that we feel are useful for any binary options trader. Stay tuned, more tools coming soon…

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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