Before 2pm, the market was in the uptrend. I did several calls. Profit for this session is around $25 (starting with $5 per trade and apply martingale after losing trades).
Had a few trades today. Kind of having a mess in the first orange box.
Testing a new method to trade 60 second using martingale (at most 4th level starting from $5). For those highlighted in orange boxes, I took the trades live on my demo account. So for my demo account, from around 16:00 to 16:30, I gained $45. PS>> I just joined a new binary option community and was learning their method. For the numbers I wrote in blue, they are...
EURUSD is ranging right now. A comparatively longer wick bearish candle is a good signal for entry.
EURUSD is ranging right now. A comparatively longer wick bearish candle is a good signal for entry.
Another trade that needs confirmation for entry. These days I found that for strong trend like this, should set up confirmation level. Whereas, for ranging periods, most of the signs indicating transition of power will work.
Entered after confirmation of entry was broken.
I waited for a candle to pass through confirmation this time as there was a strong bullish trend before.
Following the last trade, we have another reversal here.
Band width becomes narrower and the middle MA is almost horizontal. The market is ranging right now. Good time to use Bollinger Band. Almost reverse everytime when candle touches the bands.
Not many trades today (from around 16:00 to 21:00 PST). I got 3 winning trades and 1 losing trade. Before discovering this strategy, I was trying to do 5-minute binary options using price action with Fibo. The performance of price action with Fibo varies depending on confimation of entry and how I interpret the market. Price tends to struggle a lot around...
Always wait to see an indecision candle before entering a trade.
I have been trying to apply price action with Bollinger Bands these day and I am testing my strategy this week. I know this sounds crazy for most price action trader. I will explain more later today.
Set my confirmation of entry a lot lower so that I entered kind of late. The trade was in the money though.