Comments
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ITM from this morning.
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After a long hiatus, I am back. ( special thanks to the Binary Nerd ) My old system, plus fibonacci retracement = ITM
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The upper right corner of my screenshot says it all. freestockcharts.com
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Keep posting your progress. We're rooting for you!
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MW always pays out without any problems.
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Took a 45 min contract tonight. Price was rejected from a previous resistance line. I gave it plenty of time to drop. And it did...
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I'm trading with Cantor Exchange. Mixed feelings about it so far. ITM tonight.
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This trade tonight, I was looking for a trend line breakdown, and then enter the trade thinking that price will drop at least to the yellow pivot line. And that is what happened.
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I would suggest opening a demo account with MarketsWorld. There is no time limit on how long you practice with their demo account.
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With Forex, you can lose your entire account balance if you do not monitor the trade, or set a stop loss. With Bin Opts, you are only risking the amount of the contract traded. It is up to you to find your personal preference.
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Only trade 5% or less of your balance in any one position.
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My entry candle was red, but I didnt wait for it to close, and entered the trade. It turned back to green. Expired 1 pipette OTM. The second picture shows how close I was to a winner. I had a good read on the chart, just entered one candle too soon. It happens. shoulda-coulda-woulda
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Tonight I found price dropping from the 50 fib line and stoch crossing down. ITM.
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5min charts. And I like about a 10 min expire time.
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2 out of 3 this morning. You can't see it in the picture, but the OTM chart was winning until the very last minute. Price jumped around, burned my trade, then continued back in my favor when it was too late... no worries. Next!
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Welllllllllll............. I put my little MW bankroll into Nadex, and proceeded to lose it all down to .75 I started over with MW this week. I will stay there until I can pull out 5 figures into my Oanda forex account. If I can stay out of my own way.
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Price was rejected from this fib line earlier this morning, and it held price again. Bolinger Bands were leveled out. I really like to see that...
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These two worked out much better...
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This trade I waited for the price to hit the 50 fib line and it was breaking through the trend line....but alas, the bulls marched on up...
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I noticed a resistance line just below the upper bollinger band. I waited for the stochastic to drop below the green line. ITM
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Trendline break. Price and stoch dropped fast.
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Sharp observation! I was considering looking at that. When are you going to start a thread? How's your trading going so far?
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It's Sunday night, and I'm feeling a little tired. I think I will take my one ITM and pack it in until the London session in the morning.
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After a distraction from my normal trading, I took a couple test trades to get ready for a full week of trading next week. One otm, one itm. Dust off the cobwebs, get my mind back in the game.