Following the big money

When the vol is low, binaries are the best tool.STE at 50 EMA

Another binary STE at 200 EMA. 2 minutes ''till expiry

hello srmfx, thank you for your thread.

can i ask where do you trade binary options?

the ig platform i use seems to price the binary only in 4 hr ladders

so fo instance i must pay a premium of 60 pips to buy a binary option to be above price 135.20e/u which is currently 135.23 e/u
must spend min 1£ per pip

therefore the strike i have ii s135.80 before i might be in the money.

can you provide me with a little i=more information on these 5 min options above?

regs

edit. JUST SEEN 5 MIN OPTIONS!!!!!

still expensive!

The trick with 5M binaries is that rarely the set up can be traded with good R/R. However, when you find such a case just go for it. Unfortunately I have to use more that one broker, because not all of them have the right option on the right time.

Yesterday someone stopped EUR decline below the figure. Forward points are supporting the upside for EURUSD. STE @ 20 EMA. GBP/USD was the better choice however. A break above 1.3560 would open the way towards 1.36

Active position management allows me to get out at BE instead of getting stopped.

The rest of the 1.3520 ladder closed at 60 just before the NY cut. I think that this downward price move was connected with the option expiry

Large 1.3525 option expiry for NY cut. No comment.

Another volatility trade. Payout for each option is 100 pts.

A lot of STE set ups. I have a long USD/JPY. Stop 4.5 pips.

I've missed these two STEs. EUR/JPY 200 EMA 1M. EUR/USD 50EMA + 2B 15M

Stop at + 5 pips

STE at 100 EMA

Net position of the Non-commercials (speculators) is slightly negative. This is due mainly to decrease in the shorts, but also new longs are open. This could mean that someone used the recent slow upward move to close longs. Bulls should beware.

Sometimes we need some luck in trading. Unfortunately this time it didn't work.

Days with major economic events provide pretty good opportunities for volatility trading. That is one of my positions. Long binary strangle. Ladder with 1.3510 strike was closed at average price of 81 minutes after Super Mario's Press conference. It was clear that EUR/USD is going easier north. 1/3 of the 1.3640 ladder was closed at 45.6, 1/3 at 75.8, 1/3 at 93.7 (10 minutes before the expiry).I will explain in details this position in a video and may be it is time for another book focusing on volatility trading.

OT binary options are very expensive today. This means that brokers expect higher volatility even for a day with NFP data. There is 25% probability for 100 pips price move in either direction. Don't forget the stops if you have spot position. Much betetr way is to trade the volatility with options.

Non-commercials are long again. This explains the price action after the US employment report. Something's cooking.

STE at 100 EMA

Strangles are usually non-directional strategy for trading of volatility. Sometimes I use strangles with a bias if there is a set up. This time it was test of the 200 EMA. Total cost of the strangle was was 10 pts, for max profit of 90 pts. USD/JPY had to move 10 pips in any direction for period of 35 minutes. 20 minutes before the expiry I bought another ladder for 10 pts. with smaller payout that was sufficient to cover the costs twice.