Binary Trading made simple

Simple Binary Trading

Hihi, I did some test on Binary with my system.

Pairs involve: EU,GU,UJ,EJ,GJ

Basically I use 2 MT4 terminal, 1 is for M5 charts, another is for M15 charts


Basically what I did is, first I confirm the trend of the day by look at Day Open against current price. (Thanks Udine of 00level trading)


If price is below day open, I will conclude trend is downside.


Next I did some charting...






Basically I use sonic classic charting to see the price flow, and genesis m5 (modified a bit..) to see the entry with trend line.

Both system are quite easy to learn.

M15 to confirm general trend (sonic classic style)
M5 to confirm entry


I play binary of 10 minutes expiration, the payout is 84-85%, and I got some Risk Free Trade offer from my broker.

So I am generally playing risk free as that risk free trade limit to only 1 trade, and I happen to win it.

So this is my binary stats for the day


I using Fibonacci calculation for my entry amount..

24 29 65 141 315 etc.. most of the time I hit 3 lose streak at most and only once, but well, its still easy.



So what I did to make this money

1) Risk free trade <- win it or lose it to clear with trading volume
2) Enter with m5,m15 , don't go against the trend.


Attached my trade result. Not very impressive but good enough to make some extras.

I do trade Spot Forex too. just that binary trading offer some extra cash with this strategy



Entry amount is subject to individual, its just some system and I just sharing how I make money with this system at Binary Trading.

Any questions can be post here or pm me in regards to binary trading or what.

This thread is create for extra information on making money with Forex.

However you need to know about Sonic Classic & Genesis system, or perhaps some short Time frame system to be successful.

Hello

Good to know some others are interested in Binary can I ask where you got the ATR projection indicator that is on your chart Could you share it.

Thanks
JR Viking

Today result as I place 1 trade during NY and saw it was 77% payout, win and stop playing.

Just open few more after London Open . Result seems good.




M1 Trading going good. M15 using sonic classic to see general trend outlook

Here you goes. ATR projection, its not important to my binary forecast thou.

Could you give some more info? thanks

Thanks for the indicator as someone who is new to Binary can you tell me how you choose your expiration.

Thanks

My broker give me the best yield at 84 to 85% for 10 minutes expiration binary so i use that. I look at m1 chart and m15 chart for entries.I manage to win +10 trades for the london session. Will post more at new york later.

so how do you decide if your strike price will be there at the end of the time frame

I play above/below price on expiration.

honestly I did not understand the strategy

Could you maybe post your rules for entry and exit along with how you tale your profits As a new binary guy I would love to learn some techniques especially those that involve an 85% win rate.

Thanks

I not at home to monitor my trading. Will post more explanation later.

Today my equity up again. In 3 binary day trading. My account equity up by roughly 3 times.
My win rate around 75%


My entries amount is fibo like

As payout is 84 to 85 percent at my broker


i do first entry at 50 . If 50 lose i do 60 which return 60+50 on win

If lose again i go for 130 or so.

You can say its martingale alike


1, 1, 3 but the highest is 130 for my entry

if 130 lose i will go for 60 again to clear my 50 loss
Then 50 or 60 again.


Sometime things get really ugly and unlucky. So i dont wanna
Lose all my money in 1 session. As the win rate is pretty high
I rather target a profit lets say 10 to 20% of my equity and stop trading
For that london/ ny session.


Regards how i trade

I use m1 chart. I draw s/r , trend line n genesis chart

For m15 chart i do sonic to get the general trend idea.

I only do 3 currency pairs which is eur usd , gbp usd and eur jpy, because other pairs payout are a few % lower.and its easier to focus binary trading on a few pair or so . If you think i just lucky and reckless to triple my account in 3 days. Rest assure as i do spot forex for over 3 years. Posted 3 trading system at forexfactory and i already withdrawn my deposit on my binary broker.

I just reach home, and happen to see the chart.

I wanted to short GU at the line I drawn, but I was too late, anyway the line is known as resistance line.

Closing higher than that , we will look for long.

while lower will look for short.

Take note I am using M1 chart.




so what is going to happen now is that we will look for price to bounce and fall again, I will then draw trend line to gauge the trend.

This is what it look like in my Sonic Chart.


Time Frame I use is m15, basically is to gauge the overall picture.



I can see a downtrend lightning classic pattern. Trend Line is going to go above Dragon, and it seems to me is a down trend soon. But since we are talking
about binary trading here, we don't need know that long term, I just use it as extra information.

What important is how the price move in my M1 chart.


The reason why we lose be it Spot Forex or Binary Forex is because we like to go against trend thinking it give us the BEST reward. because price move so much and it should fall back the same value, but things doesn't work this way.

If you take a look from the GU chart I post a few minutes ago, you can see that GU continue falling.

The resistance line manage to cap GU uptrend (short term)



So how do we trade this in Binary ? We wait for rebounce, and observe the price action.

Is price forming HIGHER LOW , HIGHER HIGH or price is forming LOWER HIGH , LOWER LOW. We can use trend line to draw it later.

I will update once its form.

Another chart to look at

Should EU cross my down trend line (short term).



I go for a long. If the line stop EU from advancing up, I will stay out.

Since EUR/USD seems to breach that line, I go for the smallest entry long for a 85% payout opportunity.



No gurantee I will win, just that the chance is there.

Another reason for my entry is that if you zoom out of your m1 chart, you might notice this.



Several support at this zone.

There you goes... 1 trade done for NY session

1 more done at 5 minutes later..