Rekon's Binary Option Trading with M15 Chart

Hi Rekon, thanks for prompt reply. this helps. Can you recommend a trustworthy binary option broker? Yours e.g.?

Hi BB,

Can you please check the FF settings of your profile page? I am not able to send you PM. Please post back here once it is enabled. TY.

Gold got buyers @ 1180 level

Created a new high (on STF).

Happy New Year to all.

For the Month of January 14, I will be trading only based on Daily charts, the reason is I will be busy with my full time work and will have less time to monitor M15 charts.

So, in a day my existing M15 system gives me around 40 signals from 7 major instruments; for daily chart, on an average it suppose to give 2 signals for each instrument.

The System will show me the zones and probable entry points at the begining of the day and I perhaps will be executing trades based on those points but far away from my system.

Perhaps by next week the Daily Trading template will be available for free. However, it will not be released in this public forum but you can collect the first release version for your personal use only. You can PM me anytime in case you want to try it. Thanks.

Risk exposer will be different in Daily than M15. In a day max position we will be taking 5, most of the days it will be only 2 I guess untill we get strong trend in the major instruments.

Need to understand the Risk Exposer for your Daily Trading

UK Open -- Before US Open
-------------------------------------
1. We Add the initial position / First with X1, according to our trade set up. Could be any Major instrument.
2. We reserve the (X2) untill we get excellent set up in the other majors (will not use the reserve for the same instrument)

After US Open -- Before UK Close
--------------------------------------------
3. If the X2 is unused and X1 position is good:

A. Good Set Up in any Major use X2
B. Other wise stay away

4. If the X2 is used and X1,X2 position both are good: Dont use any further Xs

5. If the X2 is used and X1,X2 position both are Bad: Dont use any further Xs

6. If the X2 is used and X1,X2 either position is Good: With Good Set up in Same or any Majors use X3

7. X4, X5 can highly reward you or destroy your equity so untill a solid pattern occurs refrain them from using.

8. X4, X5 set up can be used very accurately and profitably with US confirmation of Trend when it matches with same reaction from UK. expiry time 1 hour before US close.

Executing X1, with Buy confirmations on Daily.

1. Price Opened above Trigger.
2. One Buy Swing.
3. RsXs Up
4. RsXs confirmed by RCCI
5. Expected to touch the previous High.

As you can see the expiry time is 23 GMT almost 17 hours from now, we will leave the trade now and monitor the situation again approximate 6 hours later.

X2 initiated.

One further filter added on Daily to choose the best entry and trade direction for the day.

Trading on Daily chart for intraday perhaps the most complex, specially in Binary so need to be vary careful about the entries and expiration time. This month I will try to fine tune the R-Xs strategy and pull the win strike rate near 75% overall.

Although, R-Xs can be profitable with only 50% win-strike rate.

Initiated X1 with E/A.

Will come back again about 6 hours later to monitor the position.

X1 is well in profit zone, so not adding X2.

As X1 is well in profit and trend confirming a "Trade" so initited X2 on a different acct. Next initiated X3 as "With Trend" entry.



Put from the Daily High when price retraced back.

So, X2 and X3 closed in profit, X1 still open and safe.