The Slow Double Method to BIG gains

Problem with that kind of methods. Market is way too efficient in order to obtain such a dramatic edge which is needed for similar kind of mm. It is just a frame.

I would be much more interested in a strategy that could make this possible, but i doubt that something of this calibre would be even mentioned here.

Set and Starting fresh with 100.00. Took 190 out.

Risk $60 to make $150. eurjpy must go over 131.03 by 9pm eastern. Should have taken a 2 hour strike but this one hour fit. A little apprehensive about the round number having to be taken out.

Small burst in price allowed me to get out with a loss of $15. So close. That is the one problem with binaries but thats the way it goes. Balance $85

Back in. Last trade of the day. eurjpy must be over 131.17 by 11 pm eastern. Learned my lesson and went with 2 hour strike. This may be my last 2 hour. May just stick to daily.

Risk $40 for 2 contracts. Will let this one expire either in the money for $200.

Well barring a miracle. Thats a flop. Will just sit tight for the next st up.

Out but not because I did not get the direction right. Somewhat annoying to see your strike hit on the very next candle. I have come to the conclusion that I need to either use the 4 hour strikes or the daily. Most of my home runs were always on the hour strikes however. But this thread is about consitancy and I need more room if I am to accomplish the feat time over time.

Replaced, your mathematical models are based on a 50% win rate. And with this win rate you should not even try to under take this task, because you cannot make it. But you will agree with me that there are traders win a win rate of well over 50%. So, throw 70% into your equation and you will begin to see that it is possible for some.

One thing should be made clear here. To succeed at this task, you are not going to take every trade you come across. You have to filter them there by increasing your strike rate.

As my trade examples show, this is correct. I have been up and down. I typically hit a few home runs a month that make up for my losses. but its just not really my psycology to trade that way anymore. I will have to alter my trading and be less risky for this plan.

It does work. When I was solely focused in the rags to riches thread i did quite well several times which has allowed me to continue this venture. 70% win rate would be enough to be wildly successful dong this in binary. I can and will do it. This way is much more sustainable than rags to riches.

risked $45. usdjpy must be over 121.60 by 11pm eastern. Gives me some room to breath. I know this is also a weekly resistance so may be close sledding for TP. should return $150 if successful. If not, then done for the week.

I dont like the weekly resistance right here. I will take the just above 1:1 and not be greedy. That was a quick move up. Not suprised i tested so easily because of close of previous day.

Out with $55 profit. Balance $100.

To be 100% correct, balance is $100. Had residual change not included in trade. The 2 contracts were brought for 21 and sold for 42.

Risk $40 for 2 contracts. Bought eurjpy must be over 128.40 by 11pm eastern. If successful will return $200

Hey Trendzalore,

Are you still working at this method? How is it working for you?

I was thinking about trying it this week.

Yes I am still working at the method with varying levels of success/failure. I havnt had time to trade much recently.

Give it a try but only if you are sure you can make 4 trades in a row. If you can do that then you can have good success. Patience is the key with this. Please be sure to only try small amount and only what you can afford to lose. Have a good trade plan and stick to it.

I have taken a good amount of time to sit back and see why I failed this past year. The simple answer is impatience. Not skill or knowledge in myself but the unwillingness to wait for my set up patiently. With that in mind I withdrew from much actual trading and traded sporadically with mixed results. ALWAYS the same outcome. When i was patient and waited for the trade to come to me I was successful at a very good rate. When i wasnt patient I was miserably terrible.

Why do I note this? because many many post show traders who appear to be wild success. Most of the time it is just smoke and mirrors. The truth is there is a lot of failure in this game and those who learn from it become the winners.

So to those who are not yet a success, there is hope. Do not be discouraged because others appear to be doing well. Take the time to note your short comings and address those. Focus on your own thought process and how you see the market. Dont try to mindlessly follow someone else system. Make a system your own. That is where I have found my most success.

And so, now with the new year I will restart this money management method as outlined and be patient. I will document the success and the failure. Here is to a new year. Much success to you all.

One tweak to the money management will be as follows:

Initial 100
200
400
800
Balance 1600

at this point the next step will be

Initial 400
800
1600
3200
6400
Balance 7600


This really gets the ball rolling downhill with not too much risk once you have 4 trades under your belt.

So 1st trade of the year lets see how it goes.

Took 9am eastern strike on usdjpy to hit 118.00

risk $50

because the strike was so good if this trade is successful it will return $200.

I hate going for big round numbers but price is above yesterday value so decent trade. lets see

Nice strike 9am eastern 118.08 I also took.

risk $100

if successful will return $400

Decent trade. Got out at $40 brought at $11

Returned $160

Didnt 2nd 15 minute candle did not look like it would surpass the 1st 15 minute candle

I will call this a win since it returned X2