Rekon's Binary Option Trading with M15 Chart

Post 798 and 799

Important observation: In a strong selling market atleast 2 indicators are "Yellow", indication of possible short term reversal or indecission in coming hours.

Post 802 Observation:

I lost the RnD trade again, It was around 2.30 hours trade and first 2 hours it was winner and lost in last 30 mins. If we analyze it further we will see the trade expired at Asian Market close, therefore in the last 30 mins traders wanted to close their positions / buy it because it was way too low than pivot.

Post 804

Performed a scan on 10 instruments offered by my broker, scan result returned only one stock "RIO TINTO" to watch but it is not recomended for trading this hour, because the instrument is not highlighted with Buy(Green) or Sell (Red) signal.

We will return to stocks section again in mid-US session, we will watch the forex instruments for some time to understand the market just prior to US open.

Post 806 Observation

Scan performed on 27 forex currency pairs and only the good trending pairs are filtered on the dashboard, bad and choppy instruments are automatically filtered out.

Only the highlighted Green or Red instruments are adviced to trade this hour, it is recommended to trade them with rekon Xs template.

Overbought indication @ Market Scanner + reversal sign on RekonXs

*** Market Scanner related updates ***

Some of you have already received a copy of the application and suggested few changes. I find the suggested changes are very general, therefore, I will be making those updates for all. Thank you for bringing these in my notice.

I would like to encourage you posting here about your findings / bugs or any problem technical or market logic wise which are very general in nature.

Some of you said that English is not your first language so you are finding difficulty expressing your thoughts specially about technical things, I would like to suggest just use simple english and short sentences to express your thought, I am sure we all will understand that.

As I have mentioned earlier, today will be the last day of this thread and I will be start working on my next thread very soon with primary focus on explaining the most popular 24 technical studies which you see in the Market Scanner Application and also in Rekon Xs template.

The same thread will be dedicated to posting your thoughts about Rekon Xs and Market Scanner - any problem, any suggession, any advice - you are most welcome to share in that thread.

Further, Just want to include, Forex is the most critical business we are involved with and Binary Options are more critical than that, so the more you able to analyse the market and express your thoughts in public, the better exercise for your mind, and it is indeed an excellent exercise for your mind and thoughts.

Be good.

Best Regards,
Rekon