NOTES: [21-Sep-2024]
I've stopped trading binary options for some while, since Nasdaq give me better entries and risk management.
But i still use their seconds / tick chart as an additional vision for me in scalping Nasdaq on MT5 / MT4.
PS: binary options give you faster headache, really...
======================================================================
Style
No daily target or percentage % target, since these might gonna drains you emotionally. As long as it greens, i'm pretty much happy.
Most of the time, no indicators. Purely looking at price pattern, either on tick / line chart (1 second) or candlestick chart (5 seconds - 15 seconds - 30 seconds).
Avoid
Unproductive emotions (too positive or too negative, fear n greed, need for revenge, false hopes, over-trade, too tired, sleepy). Basically, anything that makes you can't think clearly with you brain and feel good with your gut instinct. I like trading after sleep and eat cause it's lot fresher.
Very important books / references to read
- Reminiscences of a Stock Operator
- Trading in the Zone
- Price Action Breakdown
- Reading Price Charts Bar by Bar
- A Complete Guide To Volume Price Analysis
- Trade What You See
- The W.D. Gann Master Stock Market Course
I've stopped trading binary options for some while, since Nasdaq give me better entries and risk management.
But i still use their seconds / tick chart as an additional vision for me in scalping Nasdaq on MT5 / MT4.
PS: binary options give you faster headache, really...
======================================================================
Style
No daily target or percentage % target, since these might gonna drains you emotionally. As long as it greens, i'm pretty much happy.
Most of the time, no indicators. Purely looking at price pattern, either on tick / line chart (1 second) or candlestick chart (5 seconds - 15 seconds - 30 seconds).
Avoid
Unproductive emotions (too positive or too negative, fear n greed, need for revenge, false hopes, over-trade, too tired, sleepy). Basically, anything that makes you can't think clearly with you brain and feel good with your gut instinct. I like trading after sleep and eat cause it's lot fresher.
Very important books / references to read
- Reminiscences of a Stock Operator
- Trading in the Zone
- Price Action Breakdown
- Reading Price Charts Bar by Bar
- A Complete Guide To Volume Price Analysis
- Trade What You See
- The W.D. Gann Master Stock Market Course