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Rekon's Binary Option Trading with M15 Chart

  • #241
  • Jan 3, 2014 10:55am Jan 3, 2014 10:55am
All the binary brokers are very cleaver and against you always. If they provide custom time set for all instrument 24 / 5, they will get bankrupt. That is why you will see they do not offer the expiry times in your favour.
  • #242
  • Jan 3, 2014 11:31am Jan 3, 2014 11:31am
hi Rekon, I am very impressed with your trading pattern and your persistence. I av meticulously read your trade from the first page to the last. would have commented earlier than but i somehow lost my ff login detials. I have spent alot of time studying candle wicks and that is what i trade. However, i'm interested in your trading pattern and i think I can learn from you. I have some questions to ask and your honest reply will be great.

Indicators on Weekly:

SMMA on Close: 34, 50, 200
EMA on Close: 8 (Trigger)

Indicators on M15:

SMMA on Close: 34, 50, 200
EMA on Close: 8 (Trigger)
PL4Candle Time
Grid
iStochText
Volumes
You later added RSI, VOLUME, CCI.

My question now is, is this your first method and template not in use because it seems you have developed another template and trading method on page twelve.
  • #243
  • Jan 3, 2014 11:57am Jan 3, 2014 11:57am
Quoting Emmpoli
hi Rekon, I am very impressed with your trading pattern and your persistence. I av meticulously read your trade from the first page to the last. would have commented earlier than but i somehow lost my ff login detials. I have spent alot of time studying candle wicks and that is what i trade. However, i'm interested in your trading pattern and i think I can learn from you. I have some questions to ask and your honest reply will be great. Indicators on Weekly: SMMA on Close: 34, 50, 200 EMA on Close: 8 (Trigger) Indicators on M15: SMMA on Close: 34,...
Hi Emm,

Yes the SetUp files and my present template is different. I started fine tuning my method as well as trading style (mentioned in the page 1). I am a bit hesitant to share my unfinished template at the moment.

But, I can share the elements and you can get them from the forex factory itself. Just search for the followings,

1. Price Action Indicators for MT4
2. Support resistance Indi
3. Other indis are available on Mt4 such as CCI, RSI, however I have modified them a lot
  • #244
  • Jan 3, 2014 2:04pm Jan 3, 2014 2:04pm
ok Bro, will check it out. I will get back to you if i encounter any difficulties. have a nice weekend.
  • #245
  • Jan 3, 2014 8:24pm Jan 3, 2014 8:24pm
Quoting rekon67
So, X2 and X3 closed in profit, X1 still open and safe. {image}
So, cool win and win-strike rate for the day is 100 %. To improve the overall win-strike rate for all time, I need more days like that.

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  • #246
  • Jan 4, 2014 2:28am Jan 4, 2014 2:28am
Compounding - Reward you more when you are winning!

It is important to reward your winnings a bit more with simple compounding. Today you close your day as winner, next day you apply the same method but also increase your stake size with an additional small percent from yesterdays winning!

It is ofcource should be limited without exposing your equity more to risk and always be alert not to cross the "Red Line" of your equity margin.

Compounding thus grows exponentially until you encounter a bad day and close the day in loss; compounding stops there and starts again from the next day when you close with profit!

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  • #247
  • Jan 4, 2014 4:58am Jan 4, 2014 4:58am
congratulation Rekon, you have gotten yourself your first student. Its enchanting to see your result Bro. I will be keeping a close eye on your thread. I checked for the indicators you mention to me but cant find it. can u pls send it to me. my facebook account(emm david) or skype(emm david). Also, can you compile a pdf of your trading method /style. it will help me with understanding and seeing trading at your point of view.
  • #248
  • Jan 4, 2014 5:38am Jan 4, 2014 5:38am
Quoting Emmpoli
congratulation Rekon, you have gotten yourself your first student. Its enchanting to see your result Bro. I will be keeping a close eye on your thread. I checked for the indicators you mention to me but cant find it. can u pls send it to me. my facebook account(emm david) or skype(emm david). Also, can you compile a pdf of your trading method /style. it will help me with understanding and seeing trading at your point of view.
Hi Emm,

Welcome aboard!

Please PM me your email id.
  • #249
  • Jan 4, 2014 7:31am Jan 4, 2014 7:31am
[email protected]
  • #250
  • Jan 4, 2014 11:38am Jan 4, 2014 11:38am
Emmpoli bro, I just sent you the files, you may delete the email id you posted above. Try to use PM only for any personal communication. Please understand it is a open public forum and intruiders, lurkers are all around. Even exposing an email address could cost you identity theft.
  • #251
  • Jan 4, 2014 11:49am Jan 4, 2014 11:49am
Thanks Bro, i'm uploading the templates and indis at present. can i use it on the M15 and M30?? since av got time. its seems its time problems that took you to daily charts.
  • #252
  • Jan 4, 2014 11:55am Jan 4, 2014 11:55am
just uploaded the template, pls check if this is it because i cant find that long candle on the right of the screen.
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  • #253
  • Jan 4, 2014 11:56am Jan 4, 2014 11:56am
Quoting Emmpoli
Thanks Bro, i'm uploading the templates and indis at present. can i use it on the M15 and M30?? since av got time. its seems its time problems that took you to daily charts.
Remember, divergences, price action and price exhaution can be noticed and utilized at its best H4 and above only. I would suggest H4 and Daily only but yes you will see signals in any time frame with this template.

The lower the TF, higher the risk and specially for binary you need to practice a lot to be accurate on expiry time.
  • #254
  • Jan 4, 2014 12:00pm Jan 4, 2014 12:00pm
Quoting Emmpoli
just uploaded the template, pls check if this is it because i cant find that long candle on the right of the screen. {image}
That candle is not required as I cleaned this for Daily Time frame. And yes, this Basic version will not have everything to be precise. But it has a lot if you can give it some time.

Basic Includes:

1. Most Profitable Candle Stick Patterns
2. Most Accurate Support Resistance zone
3. Most Accurate auto fibonacci retracement levels
4. Most effective MAs combination
5. Fine tuned MACD, RSI and CCI to show you the best reversals
6. Most probable Swings and Trending aletrs
7. Get instant Alert on immediate entries.

Instrument:

Use it on any Major Instrument, currency or commodity. However, it is advisable to trade only a Daily Candle for most profitable result. And ofcourse, try this on a Demo first.

Limitation:

It has a time limit so use it till the indicators refused to open up again ;-)
  • #255
  • Jan 4, 2014 1:29pm Jan 4, 2014 1:29pm
Wow! It crossed 10 K views in 20days time! Perhaps maximum are silent reader

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  • #256
  • Jan 4, 2014 10:35pm Jan 4, 2014 10:35pm
Selecting the best Instruments for your Trading

It is very important that you keep a record on your everydays trading based on your method and find the "High Performing" Instruments for the method. You will find certain instruments are working good and cetains are not!

After 2-3 months of continuing the same method you will get your favourite instruments and rest of the year only work with them to improve your daily success rate.

By following this method you will prosper for sure.

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  • #257
  • Jan 4, 2014 10:48pm Jan 4, 2014 10:48pm
Here, the best price action profitable patterns but recommended to use on time frame higher than H4, available in the Basic version.

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  • #258
  • Jan 5, 2014 2:59am Jan 5, 2014 2:59am
Binary on Daily Candle with Rekon Xs

Considering you have your favourite instrument and you want trade on that. Here, step by step, I will be showing how you can apply Rekon Xs on the Daily Candle --- filter in the ODDs --- ask the chart and get the answer --- prepare yourself for the Option PUT OR CALL.

1. Have Clean Daily Candles on the Chart

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  • #259
  • Jan 5, 2014 3:06am Jan 5, 2014 3:06am
Binary on Daily Candle with Rekon Xs


2. Time Calculation and Present Trend

* Note the Binary Broker's server time, Terminal's Server Time and your Local Time. Calculating the Time is very important for the Expiry!
* Note the Trend on your Daily Chart.

A. If it is Trending: We will always take "with Trend entries"
B. If it is Range-Bound: We will PUT from the Daily High / Immediate Previous High and CALL from the Daily Low / Immediate Previous Low

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  • #260
  • Jan 5, 2014 3:11am Jan 5, 2014 3:11am
Note: Marking the High and Medium News Time: Your Expiry time should not clash with the critical news release time. Pretty basic
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