Binary options strategy for the eur/usd

USD/EUR Binary Options Strategy - Binary Options Zone

 

binary options strategy for the eur/usd

Jul 24,  · HomeGrown Trading: Okane’s EUR/USD Binary Options Price Action Strategy. Okane’s home grown EUR/USD price action strategy for experienced traders! Use support and resistance lines and time pattern to trade EUR/USD alapoqevus.tk: Okane. The EUR/USD simple strategy for binary options was specially created for using low/high and touch or no touch kinds of binary options. It makes use of PSAR and MACD for signals. Novice traders can surely appreciate alapoqevus.tk Trades, as well as Analysis, depend on thirty minute charts. This means that is quite a short strategy. How to Trade EUR-USD. The special feature which draws so many traders to the EURUSD is the small spread. Namely, these currencies are close in value and they do not account for major losses when it comes to individual trades. Since binary options are close to Forex trading, this pair is one of the highlights in the options market as well.


Okanes HomeGrown Binary Options Price Action Strategy for EUR/USD


Finally the time has come for me to share the strategy that I have been using on my live account for the past 6 months or so. If you are familiar with using support and resistance lines, binary options strategy for the eur/usd, can recognize trends and understand candlesticks then keep reading and you might be able to use my strategy.

This strategy uses Stochastic Oscillator, price action and the clock to predict possible trend retracements. I use stochastic with standard settings, 5, 3, 3 with signal levels marked at 20 and 80 to confirm signals that occur near or on my lines. Start by drawing horizontal trend lines, also known as support and resistance lines on your charts. Higher time frames are preferred, such as H2, H4 and even the daily or above binary options strategy for the eur/usd they are more reliable.

You should be confident at drawing lines, tell which lines are significant and why they are stronger than others. Personally, I prefer to have two charts open simultaneously, one M5 and the other illustrating H1. The chart set on a higher time frame is practical to have because you can clearly see if price is heading towards a major support or resistance line.

The super-secret Guru part of the strategy that takes experience to master is timing the signals. This is where the clock comes into play. It should become clear that retracements in this pair occur at nearly every hour and half hour of the trading day.

What I do is look for a potential retracement each time the clock approaches one of these times. Obviously, we want to trade the retracements where one of our support or resistance lines are touched and confirmed with the Stochastic Oscillator. The best signals are catching the trend following entries after the retracement but the retracements can be traded too. On the left: Put taken at almost 1.

Notice how it is moving back up after Also, Stochastic indicated overbought on most timeframes. On the right, this was actually a touch option because price was moving up and trying to break the dotted red line repeatedly and I binary options strategy for the eur/usd it wanted to reach to or near 1.

Stochastic on the M5 would get oversold very quickly each time price dropped. Furthermore, the time patterns are sometimes totally neglected and our expiry is so short that a small mistake can result in a few pip disadvantage which in turn could mean a losing trade. Getting a good entry and expiry can be crucial and time is not an indicator on its own, binary options strategy for the eur/usd. The two first testing months obviously lowered the win rate because it was new to me as well but once I got the hang of reading the chart according to the time my success improved.

I take patterns and trends into consideration and base my signals accordingly. Conclusion — Will it Work? My strategy works for me and it can work for you, but is an advanced technique.

You will also find some trades with more information in my trading diary here.

 

Trading EUR/USD

 

binary options strategy for the eur/usd

 

Jul 24,  · HomeGrown Trading: Okane’s EUR/USD Binary Options Price Action Strategy. Okane’s home grown EUR/USD price action strategy for experienced traders! Use support and resistance lines and time pattern to trade EUR/USD alapoqevus.tk: Okane. How to Trade EUR-USD. The special feature which draws so many traders to the EURUSD is the small spread. Namely, these currencies are close in value and they do not account for major losses when it comes to individual trades. Since binary options are close to Forex trading, this pair is one of the highlights in the options market as well. Trading EUR/USD. If you are bullish on the EURUSD, you can decide to purchase a Touch option contract, selecting a strike price to the upside. Make sure you identify the resistance points and keep your strike price below the resistance so you can be sure the price action will actually touch the price barrier you have set.