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Price Action Trading Strategies for Binary Options By Benjamin Hübner https://binary-options-brokers-reviews.com Risk Disclaimer Risk Disclaimer. Trading Forex, CFDs and Binary Options carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Never invest money you can not affort to lose! Copyright Notice No part of this book may be reproduced in any written, electronic, recording, or photocopying without written permission of the publisher or author. The exception would be in the case of brief quotations embodied in the critical articles or reviews and pages where permission is specifically granted by the publisher or author. Although every precaution has been taken to verify the accuracy of the information contained herein, the author and publisher assume no responsibility for any errors or omissions. No liability is assumed for damages that may result from the use of information contained within. Other Versions: Portugese English Spanish Introduction
If you want to succeed with binary options or Forex trading, you need to follow your trading strategy and avoid emotions like greed or fear! Also ensure to use a proper money management, never invest more than 1-2% (Max. 5%) in a single position. On the following pages, I will show you my two main strategies for binary trading (And Forex Trading as well), feel free to optimize them for your trading style and the markets you trade! Attention: This is only the Strategy Guide for my Price Action Trading Strategy! Tips to Succeed with binary options Start inside a demo account and went to a small real money account when you made some demo profits (Make at least 100 Trades or more) Avoid short expiration times! Start with 10+ minute binary options, even better with 30 minute Options! Set your limit: Set a win or lose limit for a single day! For example stop trading when you lost 3 positions, or when you won 5 positions! Whatever happens first! (This helps to avoid greed and you can not lose your entire capital in one single day, just because you traded the wrong market!) Always take a look inside the economic calendar to avoid trading 30 minutes before and 60 minutes after economic news! Write down your trading results and analyze them each weekend for example! In which markets your strategy works best, when you have the best results and so on! Never stop optimizing your trading! Start with a trend trading strategy, and ensure to only trade in the trend direction! Learn additional methods to analyze markets. (Tip: Elliott Wave theory, Volumen/Chart Divergence, Divergence analysis, Candlestick Formations) Every trading strategy is just as good as the person choosing the markets to trade! Ensure to read this post to get an idea when to trade and when not! Attention: Binary Options are not easy to master! Ensure to first start out with a demo account and start with small investment amounts afterward! LEARN TO CONTROL YOUR EMOTIONS! My Trading Strategy in Short Basically, I wait till the price reaches a specific level (Defined by Trendlines, Support and Resistance lines or Moving Averages) to see how he reacts! Afterward, I look for confirmation to verify the reaction and to trade it! Here you have many options, I'm using mainly the Stochastic Oscillator and RSI, as well as
Candlestick Formations. Timeframe – Expiration Time Ratio I normally trade binary options with a expiration of 3 -15 minutes, depending on the timeframe I'm using for analysis! 2 – 5 times the chart timeframe is a good expiration in my experience! If you are not certain that your trade will hit a trend movement, use shorter expiration times! If you are certain about the trend direction, but not when the move happens, you can use slightly longer expiration times! Tip: A common mistake is to enter the trade too early, so try to wait a bit longer before you enter the trade! If you see that you entered the trade too early, you can place another position with the same expiration date/time (exactly the same time, not the same timespan!) - Always respect your money management! How to Draw Trendlines / Support and Resistance Lines Support lines are the Chart Levels below the actual price showing levels of Support – the price tends to stop a downward movement on these levels to start moving up again! Connect the lowest points in the past with a horizontal line to draw support lines! When the price breaks through, a support line becomes a resistance line! Resistance Lines – Just like the Support Line, but above the actual price. When the Resistance line is hit by the price, there is a good chance that the price will stop its movement and reverse downwards! A real breakthrough of a Support or Resistance line is often followed by a beginning trend and a strong trend move! Trend lines are very similar, they are just used inside strong trends while Support and Resistance are used for side movements! Inside a downtrend, connect the extreme HIGHs with each other to draw a line above the actual price! As long as the price is below the line, it can be seen as downtrend! When the line is broken, an up movement may follow! Inside an uptrend, connect the extreme LOWs with each other to draw a line above the actual price! As long as the price is above the line, it can be seen as uptrend! When the line is broken, a downward movement may follow! Practice this for some time, ensure to zoom out to see earlier price movements and
choose better Support and Resistance Levels. (Tip: Draw your lines one timeframe higher as you trade. These lines have more impact than smaller support or resistance lines!) Also take a look backward to see how well this can work! Continue reading in the full version … In order to get all my strategies and tools, make sure to sign up using the link below! Unlock Exclusive Binary Options Insights! Join Our Telegram Group for the Complete Guide, Proven Strategies, and Personalized Assistance. Sign Up Now! Unlock my Full Guide on Binary Options - Sign Up using the Link Above! Thanks for your interest in my strategy! Ensure to follow me on the major
social networks to ask your questions, get help and more interesting information about binary and forex trading in the near future! Do not miss to comment and rate my Facebook page if you liked this information – Thanks! Follow me on Youtube (Here you find many videos about binary options and my strategies) Facebook Group for binary Trading Facebook Page for binary Trading Twitter Account about binary options and trading