Rekon's Binary Option Trading with M15 Chart

Post 781

1. With trend entry.
2. Price was higher than resistance level = clear PUT

*** Market Scanner application FAQs Summary ***

It took me sometime to reply all emails. So, thank you again to all prospect joiners. To tell you the truth, I, personally was not 100 % sure about what kind of response I will be getting on the first communication email which hopefully reached you all.

So, I am thankful to all that I find a very positive response till now. Please let me summarize all of your questions and concerns together and lets have it open!

1. Am I going to provide signals? No, why should I? Market Scanner application is built for that to filter and provide us the "Hot Trades"! 24 * 5, it is just going to scan all instruments and prepare the dashboard for traders.

2. Is it a Signal Server? No, better than that. A Signal Client! It is going to run on your machine only!

3. Is it a software which is going to take personal data, system information etc.? No, It even does not require any installation. It is not an executable file either. Hopefully you will have Microsoft Office 2007 or later. Just open the file with Office Excel and use it!

4. I am not sure how you trade, so you need to train me. There will be Skype and Team Viewer Sessions for any further support you require to understand the software and trading.

5. I am only interested in Forex Trading, I dont like stocks, I noticed you mostly use the software for stocks. I am really not encouraging anyone to do what I am doing, if it helps you somehow then I am happy. At the days end I want to close my equity in profit so I do not overtrade and stocks are working fine for me

6. I want to customize the software and change certain settings: You are welcome to do that with your copy, however, the source code is locked so for any customization on the software you need to work with me.


** Just got another one and very interesting to share

7. Do I need to open trade as and when I get the Signal? How do I quickly trade all signals? Hey, you do not need to rush for the trade, just follow the points mentioned by the Market Scanner application and trade only when you are using those points as an advantage of your trades. It is one hour strength so you do not need to rush, just wait for a good entry point and take the trade.

Rekon Xs: Creating Profile for the Hotlisted Instruments

Asian Market is in strong sell, if you are now noticing the ATR(14) it is now turned into "White" the volatility of the instruments are now "Less". This could be an early indication of a bear market.

A good set up, where we can watch for entry

However, we should not overlook the fib levels and a good price to do a "With-trend entry", Neutral signals "White" and Overbought/oversold "Yellow" should be considered as a chance of price spike or consolidation.

This one is again one RnD Trade, just to measure the strength of the trend.

Post 796

One important observation here is, even the price is way below its support levels, but we are not looking out for contra entries, we need atleast 2 Yellow signals before we consider for 30-45 mins contra entry.