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Rekon's Binary Option Trading with M15 Chart

  • #501
  • Jan 16, 2014 5:37am Jan 16, 2014 5:37am
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  • #502
  • Jan 16, 2014 5:45am Jan 16, 2014 5:45am
I presume the figures in green on the right give you an option to cash out early?
  • #503
  • Jan 16, 2014 5:59am Jan 16, 2014 5:59am
Quoting handy148
I presume the figures in green on the right give you an option to cash out early?
No dear, I need to wait till expiry, some broker does but the pay rate is very low.
  • #504
  • Jan 16, 2014 6:18am Jan 16, 2014 6:18am
These Binary brokers are very tricky time to time, let me remind you again. Today what happend is I requested for a payout and the broker declined saying that I need to choose some other method lets say instead of Skrill I need to use neteller.

netteller charges is very high on direct bank transfer so usually I do not prefer it. Because that Bank charges is actually a loss for us.

So, I again have to trade and this time I need to withdrew higher amount.
  • #505
  • Edited 9:58am Jan 16, 2014 9:28am | Edited 9:58am
An Excellent Set up which requeirs absolute no chart reading!

As I can not monitor charts when I am at my office, that's why I tried to develop this Market Scanner, a simple Excel file just open it select the market and run the scan.

When you see a set up like this (Check the Image) you can very well go for a trade without bothering about charts!
  • #506
  • Jan 16, 2014 1:01pm Jan 16, 2014 1:01pm
Quoting rekon67
An Excellent Set up which requeirs absolute no chart reading! As I can not monitor charts when I am at my office, that's why I tried to develop this Market Scanner, a simple Excel file just open it select the market and run the scan. When you see a set up like this (Check the Image) you can very well go for a trade without bothering about charts!
how long should the trade last. u know forex market is very volatile like you earlier noted.
  • #507
  • Jan 16, 2014 1:15pm Jan 16, 2014 1:15pm
Quoting Emmpoli
{quote} how long should the trade last. u know forex market is very volatile like you earlier noted.
I took it for 70 minutes. I look at it like this, if the strength for the pairs are weak then next hour the price must drop -- we need to consider two things here,

A. There is no major news release in next 2 hours
B. No major market is opening or closing in next 2 hours
  • #508
  • Jan 16, 2014 2:31pm Jan 16, 2014 2:31pm
Quoting rekon67
{quote} I took it for 70 minutes. I look at it like this, if the strength for the pairs are weak then next hour the price must drop -- we need to consider two things here, A. There is no major news release in next 2 hours B. No major market is opening or closing in next 2 hours
A quick question for you Bro, if the is a major news release in the next two hours, or a major market is closing or opening, do u ignore the scan results or can u take a trade to expire one hour before A or B takes place??
Today as been a great day so far because i have been playing TOY SOLDIER with your templet on my demo. Made some good and some bad trading decision mostly because i dont know where the market was heading, this is where your market scanner comes into play. wish it was ready cos its the most powerful tool i have seen so far on FF. but it is worth the wait. thanks for all your help Roken, I very greatful
  • #509
  • Jan 16, 2014 2:37pm Jan 16, 2014 2:37pm
Quoting rekon67
{quote} I took it for 70 minutes. I look at it like this, if the strength for the pairs are weak then next hour the price must drop -- we need to consider two things here, A. There is no major news release in next 2 hours B. No major market is opening or closing in next 2 hours
A quick question for you Bro, if the is a major news release in the next two hours, or a major market is closing or opening, do u ignore the scan results or can u take a trade to expire one hour before A or B takes place??
Today as been a great day so far because i have been playing TOY SOLDIER with your templet on my demo. Made some good and some bad trading decision mostly because i dont know where the market was heading, this is where your market scanner comes into play. wish it was ready cos its the most powerful tool i have seen so far on FF. but it is worth the wait. thanks for all your help Roken, I very greatful
  • #510
  • Jan 16, 2014 3:06pm Jan 16, 2014 3:06pm
Hi REKON67,

I would like to ask you a question about your RISK TABLE....What is the meaning of X1, X2, X3, X4 and X5?...I have seen you only take trades based on X1 amounts...

Thanks a lot in advance for your teachings and your help!!,


Fer
  • #511
  • Jan 16, 2014 9:01pm Jan 16, 2014 9:01pm
Quoting freedomfer
Hi REKON67, I would like to ask you a question about your RISK TABLE....What is the meaning of X1, X2, X3, X4 and X5?...I have seen you only take trades based on X1 amounts... Thanks a lot in advance for your teachings and your help!!, Fer
I think I have described it already, but here it is again in simple term for you.

I recomend to go for 5 levels (X1,X2,X3,X4,X5) in a day. The percentage I mentioned there better you keep the same and as per your equity the amounts will get proportionate.

As, I am in the middle of developing the system so I am not exposing my equity much, therefore, preferring taking only x1 right now.

second, if you are getting 100% return and success from X1, don't bother to go for next levels.

If your x1 is in loss then only consider going to the next levels.

Our main objective is to close the day in profit, even it is small.

So, if you have handsome equity and comfortable with the system, you can surely take all Xs, but again read my previous posts about when we take which Xs.

Cheers.
  • #512
  • Jan 16, 2014 9:08pm Jan 16, 2014 9:08pm
Quoting Emmpoli
{quote} A quick question for you Bro, if the is a major news release in the next two hours, or a major market is closing or opening, do u ignore the scan results or can u take a trade to expire one hour before A or B takes place?? Today as been a great day so far because i have been playing TOY SOLDIER with your templet on my demo. Made some good and some bad trading decision mostly because i dont know where the market was heading, this is where your market scanner comes into play. wish it was ready cos its the most powerful tool i have seen so...
Just time you trades carefully.

Monday to Wednesday = Market less Volumed
Thur to Friday = Market High Volumed

Now, check for FF calender for medium and High news, and make sure that they are not clashing with your trade's expiry time.

You can also be cleaver, try to understand the news effect.

If you find the scanner is saying buying Eur/Usd and the high/medium impact news is in favour of euro, then just Call E/U for 45 mins to 90 mins.

May be you can place multiple small positions (split the big amount into small pieces).

Hope this helps.
  • #513
  • Jan 16, 2014 11:23pm Jan 16, 2014 11:23pm
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  • #514
  • Jan 16, 2014 11:28pm Jan 16, 2014 11:28pm
To the RekonX subscribers,

I will shortly send you a Trading Simulator which you can use to test the RekonX template visually.

I would advice you to test atleast last 6 months data on your preferred trading time frame that is M15, M30, H1, H4 etc.

The guidance and exe file both I will be sending in a zipped file.

So, it will help you in the following ways,

A. You do not need to seat all day long to test RekonX template on Demo/Live.
B. You will be able to test as much as data your broker's MT4 platform offers.

Hope that will help and at the same time you will able to understand what is working and what is not.

I would expect you to post your results, thereafter.

Thanks.
  • #515
  • Jan 17, 2014 12:51am Jan 17, 2014 12:51am
Quoting rekon67
{quote} Just time you trades carefully. Monday to Wednesday = Market less Volumed Thur to Friday = Market High Volumed Now, check for FF calender for medium and High news, and make sure that they are not clashing with your trade's expiry time. You can also be cleaver, try to understand the news effect. If you find the scanner is saying buying Eur/Usd and the high/medium impact news is in favour of euro, then just Call E/U for 45 mins to 90 mins. May be you can place multiple small positions (split the big amount into small pieces). Hope this helps....
Absolutely Bro
  • #516
  • Jan 17, 2014 2:46am Jan 17, 2014 2:46am
Only one Signal

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  • #517
  • Jan 17, 2014 2:47am Jan 17, 2014 2:47am
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  • #518
  • Jan 17, 2014 2:53am Jan 17, 2014 2:53am
To the RekonX subscribers,

I will shortly compile a Strategy book on how to use the RekonX template. Till then please read this thread, you will get an essence of how to use the template and look for various price action signals.

Apologies again, I am really not getting time to document everything properly.
  • #519
  • Jan 17, 2014 3:01am Jan 17, 2014 3:01am
Cool win

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  • #520
  • Edited 8:06am Jan 17, 2014 7:25am | Edited 8:06am
Quoting rekon67
To the RekonX subscribers, I will shortly compile a Strategy book on how to use the RekonX template. Till then please read this thread, you will get an essence of how to use the template and look for various price action signals. Apologies again, I am really not getting time to document everything properly.
Totaly lost. Is the simulator for spot forex or binary option?
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