Following the big money

Binary options are perfect for trading my STE set up. I need only a few pips of price move to have 1:3 or even more risk/reward ratio.

FX market is in a summer mode.

Stop at +10p

The initial stop was 10 pips. Positioning before London open provides good opportunities for trades.

Pre-ADP trade in GBPUSD. Initial stop was 6 pips

STE off 50 EMA. Stop 4 pips.

Good to see you back posting, good fortune to you

Thank you diceman555. The spot FX is not what it used be. I trade mostly options for the last few days. Binaries are a very good solution for the lower volatility market. You can trade with a risk/reward ration of 1/5 even 1/10 when the currency pair moves just 5 or 10 pips.

15M chart is in uptrend. Long just above the 100EMA. Consolidation on 1M chart. Stop 5 pips.

2nd part closed for 10p profit, stop @ -4p.

Lower low followed by IBNR4. Bought 20 minutes ladder with a strike 1.61457 at 16 pips. Net profit of 84 gives 5.25 R/R for a 12 pips price move.

This one is from my morning trades. Short at resistance. Ladder with a strike 5 pips below tha market and expiration after 20 minutes. R/R 1/3

Good strategy to trade the Asian range breakout. Buy Ladder above the market and sell one below. The risk was 25 pips for 75 pips max profit. R/R 3/1. What we need is just a breakout in some direction. Expiry is at 8:00Am London time. You can close at 90 now, or wait for another 10 pips until the expiry. Profit of 65 or 75 pips out of 30-40 pips price move is not that bad. If you have any bias you can buy only one option.

Oh, look, a fellow bulgarian! Just started reading, a very interesting read thus far.

20 and 50 EMA are pointing higher. Test of 20 EMA could be traded at spot with a long at 1.3522, with initial stop at 1.3518. You can also buy a Higher/Lower option with expiry after 15 minutes, and strike 4 pips above the current price. The option price is 33 for 100 payout.

EUR/USD is going nowhere. Time stop/limit was activated.

This STE off 100 EMA could be traded with a short spot position @ 1.3620. Initial stop 5 pips. The other option was to buy a 20-minute binary put with strike 1.36157 and expiry after 10 minutes. The price of the option during the test of 100 EMA was about 20 pips. The position could be closed near the previous swing low at a price of 50+ pips. This is e net profit of 30 pips after just 7 pips price move. The option expired worthless.

Last Friday was great for trading GBP/USD. Varoius types of STE set ups. Hope my English is no so awful.

Your English is great! Thank you very much for taking the time to do this.

During low liquidity conditions binary options provide better R/R ratio. Instead of buy at spot you can buy 20-minutes Leader. This is option woth European barrier. In this case the option could be bought at 15 pips and closed at 60, after GBP/USD jumped 10 pips. If you held the option until expiration you could get 100 pips. Makret settled at 1.60467, while the strike was 1.60462.