Multi Time Frame Analysis for Spot and Binary Options

I have a contract opened for E/U up, need 9 points in next 24 hours.

Hi


http://m.youtube.com/watch?v=vOxfNxzBGBU

Can you explain why you entered into these contracts and the reasons for which contracts make easier small talk than trades?

Thanks so much

See, whether you are trading spot or binary or contract it is always like you need to go with the best odd for the time.

Look at E/U the range it has 1.3845 - 1.3805 at the moment, so I opted for a best odd direction which is E/U touch 1.3830 in next 24 hours and I will get some cash.

This approach does not need to follow so called Risk-Reward Ratio etc.

I sold the contract and taken a better one for next 24 hours.

E/U is on Price cluster so best bet is now to touch the support levels.

This is the beauty of MTFA, I able to quickly identify the most profitable trade and the best odd.

Several items in the hotlist, we will carefully check the Eur pairs and gbp pairs.

I performed an MTFA with E/U, G/U and A/U ... my conclusion is EUR/GBP buy will be a good option. now I need to find out which pair is giving me the best deal at the moment.

Alright, I can not execute any trade now because my mofu broker is not offering any contract now due to market volatility, I need to check back in half an hour.

Hopefully, A/U is turning into a bear market and the weak side of my price pyramid looks good now.

Market got viagra on buying USD and selling other craps.

E/G: Require 9 points down in 24 hour.

Absolute easy win here. I will be scanning the market in a moment and search for best deals at the moment.

Okey, here is the task for you.

A. Select which instrument is comparatively better at the moment and which one is better considering a slightly long term approach >= 5 hours.

B. Which instrument has more volatility?
C. Which instrument is showing weakness and has probability to go against the present trend.

Here is my trade for the day. Need around 18 points down G/U in 24 hours time.

Volatility increasing in G/U. There is a price cluster created and if price got capped there, then this will come back to lower support.

Today is public holiday here, so have some time. I will be available so in case you have questions please throw it. TY.

Things are extreme with G/U, trading on yearly high and speculation is beyond that. A bad choice for trading this instrument at the moment. We have some important news releases today and price retracement is expected, so I still see it is coming to higher TF support, overall it is turning into a bad trade.

Another 12 hours remaining for this contract to expire. Price is hitting on the support, a good US data is expected to take away this light support for G/U, if you notice next Support level is extended wide in higher timeframes - it means if price breaks 1.6780 level it has further room opened to go down at 1.66xx level.

Instrument is losing volatility and turning into a sideways / ranging. The more time it staying in this range, the more chances are breaking the range and going deeper once volatility is back, ofcource it could be vice versa, that volatility comes and it take the price up: but this will be decided by the news which are up coming next.