2a in binary trading strategy for forex
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.
The point of this strategy is to minimize risk and wait for the perfect setup on the chart. Draw your fibo from point 1 to point 2 for a down trend, and vice versa for an uptrend.
Your target is In order for the signal to be fully valid, there has to be a retracement to between 50 — Higher the retracement goes, stronger the signal. In the example above, the retracement happens next to the number 2 in the up left corner. And money management suggestion for this strategy is to take 2 equal bids per day for 20 days.
If you lose, start with the last set of bids:. You should reach around 5k in profits within 20 days, and next month just start over or carry on from where you left. The semi conservative strategy involves trades per day. The rules are the same as for the conservative strategy, only with one exception: We take the trade at Fibonacci projection level as well as Now, for level trades, I would advise not to take the trade with more than 6 minutes to the expiry.
Use the same money management as with conservative strategy, but your earnings will increase faster. Now, the below strategy is a very aggressive one that defines the means of sane trading. This strategy represents the use of price cycles and Fibonacci sequence in fast trading. Trades are not only taken at levels and And Fibonacci levels are drawn for every cycle. You have to approach trading with lower expectations and follow real action on the charts to build knowledge.
The ADX-based trading strategy is a simple intraday system, it is ideally used by day traders. The Bollinger bands and RSI strategy can be used as a simple way to enter a trade right before volatility expands. The simplicity of this trading strategy is that it can be used on time frames of H1 and H4. This makes the strategy easy to follow up, especially for day traders.
The trading strategy outlined offers a good system to trade. To be a successful forex trader, you need to be patient and wait for the right moment to enter a trade. Trading the breakouts is a very simple pattern, and traders can use it to profit on the forex markets.
How to successfully trade at HighLow is what you are asking. Most of you are struggling to maintain winning trades in a longer period, and this is mainly because you are focusing on indicators instead of analysing candlestick patterns.
Of course, the outcome for everyone will be different, and it all depends on your skills, knowledge and experience. This is a simple IQ Option strategy based on two indicators: