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Rekon's Binary Option Trading with M15 Chart

  • #641
  • Jan 22, 2014 10:36am Jan 22, 2014 10:36am
Posting too many of screenshots, just to show you it is relatively easier to do binary on equities than forex, because if you are picking the right stocks they are adhere the technicals very obediently : )
  • #642
  • Jan 22, 2014 10:45am Jan 22, 2014 10:45am
So, I am stopping here and closing today with good profit. I have longer term goal so only want to spend less today and save for tomorrow. I am sure if we continue compounding the profitable days then the future is bright!

Moral is do not over trade, you can be winner of the day with only a single trade, if you get it early then enjoy the rest of the day with other constructive work. Don't over trade keep it for next day.

Also keep record of everything you do, the statistics will give you the edge to win the market.

TC
  • #643
  • Jan 22, 2014 11:08am Jan 22, 2014 11:08am
Quoting rekon67
{image}
wow!!!! all green. nice work bro. I'm only looking for two green per day to reach profitability.
  • #644
  • Jan 22, 2014 11:23am Jan 22, 2014 11:23am
Quoting rekon67
{quote} okey. Trade with a free mind, if something bothers then share, if I can help.
yes Bro, i'm having serious problems concerning when to trade and when not to trade, which instrument to trade on. so i,m patiently waiting for the release of Rekon market scanner as it is a solution to my problem cos of its ability to tell you when to trade and which instrument to trade on.
2) when you say contra, post634, are u refering to reversal/retracement i.e selling at the top or buying from the buttom?
  • #645
  • Jan 22, 2014 11:23am Jan 22, 2014 11:23am
Quoting Emmpoli
{quote} wow!!!! all green. nice work bro. I'm only looking for two green per day to reach profitability.
See all 5 positions expired in one H1 candle. And mainly I am working on this particular strategy for forex. I know with Market scanner this will be easy.
  • #646
  • Jan 22, 2014 11:27am Jan 22, 2014 11:27am
Quoting Emmpoli
{quote} yes Bro, i'm having serious problems concerning when to trade and when not to trade, which instrument to trade on. so i,m patiently waiting for the release of Rekon market scanner as it is a solution to my problem cos of its ability to tell you when to trade and which instrument to trade on. 2) when you say contra, post634, are u refering to reversal/retracement i.e selling at the top or buying from the buttom?
Correct, see we already know what are the possible patterns and outcome. But there is a difference in equities and forex. In forex I will not be that confident of overbought / oversold, untill I see a reversal candle on the chart, probably I will not be doing contra.

On the otherhand, I find the stocks are well-behaved on these thechnicals, I am kinda comfortable with my contra entries with stocks.
  • #647
  • Jan 22, 2014 11:29am Jan 22, 2014 11:29am
Quoting rekon67
{quote} See all 5 positions expired in one H1 candle. And mainly I am working on this particular strategy for forex. I know with Market scanner this will be easy.
what!!! I didnt even notice that it was only one pair and one 1H candle you made all this entries, you are definitely going to teach me this method. That's why i say i have a lot to learn from you.
  • #648
  • Jan 22, 2014 11:35am Jan 22, 2014 11:35am
Quoting Emmpoli
{quote} what!!! I didnt even notice that it was only one pair and one 1H candle you made all this entries, you are definitely going to teach me this method. That's why i say i have a lot to learn from you.
The background thinking is, even there is reversal of price, we should have cap some profit before that. If you have noticed I am doing the same for last couple of days and success rate is 2/3 rd.
  • #649
  • Jan 22, 2014 11:43am Jan 22, 2014 11:43am
This guy is f@king A$$hol3

http://www.forexfactory.com/showthread.php?t=456416
  • #650
  • Jan 22, 2014 3:39pm Jan 22, 2014 3:39pm
Quoting rekon67
{quote} Please refer to the post number, so that I can check otherwise it is not coming clear to me, sometime.

Yes Bro, I referred to the post 620 (AMAZON -STRONG BUY)
I thought you traded PUT AMAZON in your post 626 based on the Market Scanner results of post 620,

For that reason was my observation about that posible PUT risky trade, because Strike Price would be in FIBO S2 Zone, according to Market Scanner Results of the post 620...

Thanks Bro for your help!!

Fer
  • #651
  • Jan 22, 2014 3:53pm Jan 22, 2014 3:53pm
hello Rekon ,

i was seeing your posts about rekon's Binary options system and it looks great , i will be very happy if you can send me the template file and the Market Scanner i was trading binary options for 6 months now and tested many systems but no one was profitable , i am a little deseperate about binary options , so if you can send the system your using it will be very usefull to test it and give a feedback

have a nice trading day
  • #652
  • Jan 22, 2014 6:08pm Jan 22, 2014 6:08pm
Quoting freedomfer
{quote} Yes Bro, I referred to the post 620 (AMAZON -STRONG BUY) I thought you traded PUT AMAZON in your post 626 based on the Market Scanner results of post 620, For that reason was my observation about that posible PUT risky trade, because Strike Price would be in FIBO S2 Zone, according to Market Scanner Results of the post 620... Thanks Bro for your help!! Fer
Okey, Please check again the posts 587,588,589,620, 625, 626,627,629,632.

587 to 589 - you will see the trade taken, I mentioned you earlier it was an entry done on 21st Jan 2014. Please read carefully.

PS: Please do not take any sell on fib support levels, even you see strong down move in price, because we are doing short term binary so we will not take any mathametical and statistical disadvantages.
  • #653
  • Jan 22, 2014 6:15pm Jan 22, 2014 6:15pm
Quoting winpnx
hello Rekon , i was seeing your posts about rekon's Binary options system and it looks great , i will be very happy if you can send me the template file and the Market Scanner i was trading binary options for 6 months now and tested many systems but no one was profitable , i am a little deseperate about binary options , so if you can send the system your using it will be very usefull to test it and give a feedback have a nice trading day
Thanks, just reply my PM, you will shortly get it
  • #654
  • Jan 22, 2014 8:57pm Jan 22, 2014 8:57pm
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  • #655
  • Jan 22, 2014 10:51pm Jan 22, 2014 10:51pm
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  • #656
  • Jan 22, 2014 10:58pm Jan 22, 2014 10:58pm
Post 655: Observations

1. My broker is offerring me 4 stocks at the moment.
2. I selected the stockes from "Available Instruments" and moved them to "My Instruments"
3. I performed a "Manual Scan" / I can set it "Auto Scan" as well
4. It returned only "TATA Motors" as "Worth to Watch"
5. But, TATA Motors is not highlighted as "Buy" or "Sell", so we will not trade it.
6. The indicators are slowly moving from a strong buy to Sell. But not confirmed.
7. I looked at the price it is under S3, but we are not going for Buy, because the signals are mixed and we can not take chance on Binary.

Hope this helps.
  • #657
  • Jan 23, 2014 12:07am Jan 23, 2014 12:07am
Market is well cooked today! Hope you guys make plenty of green

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  • #658
  • Jan 23, 2014 1:28am Jan 23, 2014 1:28am
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  • #659
  • Jan 23, 2014 3:14am Jan 23, 2014 3:14am
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  • #660
  • Jan 23, 2014 3:23am Jan 23, 2014 3:23am
Post 659

Instrument is in strong buy, but overbought indication on 2 technicals, spot price was too higher than R1,R2,R3 = PUT
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