A Hour Trading Binary Options

I didn't have too much time to trade today but did manage to find one good one on the Nzd/Usd. Saw a nice engulfing candle and decided to take the trade. Picked up some solid pips! Ignore all the lines, that's for a different strategy that I'll be discussing later.

Arrow is where I entered, the check mark is where I took profit

My New Binary Options Strategy

As of about 6 months ago, I started trading real options instead of binary options. I do use a very similar price action strategy with a few minor differences. For starters I make trades from higher time frame charts, 15min to daily charts, and hold on to the trades for a longer time. There is much less 'background noise' and it is easier to have more confidence in your trade this way. I also do more trading based on price breaking out of it's range instead of staying in its range. Let me show you an example below.

Arrow is where I placed a put, top red line is stop loss, green line is take profit, and moving red line is 150 moving average. Make money at binary options

 For this trade on the 4 hour chart, I noticed the 150 moving average was very negative sloped dispite price making higher highs from October 3rd to October 15. Since long term the Eur/Usd was still in a down trend, I was waiting for a point to enter short. From the 15th to 20th, price was in a tight range, not moving one direction clearly. So I waited until price made a move and broke the support line. On the 21st, that happened so I entered short, with a take profit at the previous support line. It ended up hitting my take profit within the next couple of days for a solid victory!

Almost forgot to add, using high time frame move averages can give you a quick glance at were price has been heading. More info to come.

Make money at binary options!