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Multi Time Frame Analysis for Spot and Binary Options

  • #341
  • Edited 10:03am Jun 16, 2014 9:47am | Edited 10:03am
I'm still trying to understand how to analyze well with the tool. Here is a trade I considered for a test,

EU - PUT - OTM (last mins spike)
GU - PUT - ITM
UJ - CALL - ITM

All trades 30mins. Kindly tell me if I'm doing the right thing as I want to learn more.


Thanks
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  • #342
  • Jun 16, 2014 10:09am Jun 16, 2014 10:09am
rekon67

This is a suggestion. I believe news is part of every trading analysis. Any plans to include news features in the software? Some people prefer to stay out of trading during news because of sudden spikes while some other people capitalize on these spikes. I'm not too experience in trading but from my little understanding any plan to include this.

Regards
  • #343
  • Jun 16, 2014 11:34am Jun 16, 2014 11:34am
Quoting tundex
rekon67 This is a suggestion. I believe news is part of every trading analysis. Any plans to include news features in the software? Some people prefer to stay out of trading during news because of sudden spikes while some other people capitalize on these spikes. I'm not too experience in trading but from my little understanding any plan to include this. Regards
First of all, congratulations being the first one who is able to set up the App correctly and participating. I tell you I trade binary after UK close with less volatile market for 30 mins expiry.

We can definitely include news section, but understand it is not like if you have all the information you will trade well, trade timing is what make you different from others.

You do not need to trade all the time specially for shorter term you need to select a particular time.

You need to consider 2 things in MTFA when you are doing shorter term trade, one is Price action signal and other one is volatility sign.

You select the tradable instruments based on that, then you notice the fib points and decider group signals.

If you get buy PA signal and decider group tells you that more signals are on buy then go for call option and vice versa.
  • #344
  • Jun 16, 2014 2:56pm Jun 16, 2014 2:56pm
Quoting rekon67
{quote} First of all, congratulations being the first one who is able to set up the App correctly and participating. I tell you I trade binary after UK close with less volatile market for 30 mins expiry. We can definitely include news section, but understand it is not like if you have all the information you will trade well, trade timing is what make you different from others. You do not need to trade all the time specially for shorter term you need to select a particular time. You need to consider 2 things in MTFA when you are doing shorter term...


Thank you very much for the information. I agree with you, timing is key. I will practice more with it. My binary options trading is to just target 3 to 5 trades max daily. But during testing I use all market to determine which one is profitable and also, other task may make me not to be available during a particular market. I will try and check trades after London close as you do.

I will give you update about my test.
  • #345
  • Edited 6:47pm Jun 16, 2014 6:37pm | Edited 6:47pm
I think I'm not doing bad. Result so far on demo. I forgot to change some TF to 30mins though.

Thank you for this great App. I will keep testing it.
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  • #346
  • Jun 16, 2014 8:27pm Jun 16, 2014 8:27pm
Quoting tundex
I think I'm not doing bad. Result so far on demo. I forgot to change some TF to 30mins though. Thank you for this great App. I will keep testing it. {image}
You are doing great, just be careful when you are opening multiple positions, sometimes it might go wrong and stress you, be calm because stress can kill a good trader.
  • #347
  • Jun 16, 2014 8:48pm Jun 16, 2014 8:48pm
Quoting rekon67
{quote} You are doing great, just be careful when you are opening multiple positions, sometimes it might go wrong and stress you, be calm because stress can kill a good trader.

Thanks for the advise.
  • #348
  • Jun 17, 2014 11:55am Jun 17, 2014 11:55am
Consider the scenario, G/U is on short term support and Daily and Monthly both are bullish so going for call expiry at 1:30 AM indian time as daily candle closes and another position for call expiry at weekly candle close.

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  • #349
  • Jun 18, 2014 12:43am Jun 18, 2014 12:43am
Quoting rekon67
Consider the scenario, G/U is on short term support and Daily and Monthly both are bullish so going for call expiry at 1:30 AM indian time as daily candle closes and another position for call expiry at weekly candle close. {image}

Nice. That's a lovely scenario. I was unable to test yesterday because of research activities I'm doing.

I have some suggestion but I will PM you later about them.

Thanks for the awesome work you are doing.
  • #350
  • Jun 18, 2014 4:03am Jun 18, 2014 4:03am
So today I made my 3 trades per day 100% win. I will keep at it and see how far it goes.
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  • #351
  • Jun 18, 2014 12:09pm Jun 18, 2014 12:09pm
Quoting tundex
So today I made my 3 trades per day 100% win. I will keep at it and see how far it goes. {image}
Excellent work
  • #352
  • Jun 18, 2014 12:23pm Jun 18, 2014 12:23pm
Long term and short term trades..watch the timings.

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  • #353
  • Jun 18, 2014 1:41pm Jun 18, 2014 1:41pm
Quoting rekon67
Long term and short term trades..watch the timings. {image}
Waoooo!!! awesome trades

Which broker are you using?
  • #354
  • Edited 4:06am Jun 19, 2014 3:34am | Edited 4:06am
Today was not 100%. I will like to know what I did wrong with the UJ trade that was OTM. Pls tell me what I miss.


Thanks
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  • #355
  • Jun 19, 2014 6:06am Jun 19, 2014 6:06am
Two signal tested here.
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  • #356
  • Jun 19, 2014 12:21pm Jun 19, 2014 12:21pm
Quoting tundex
Today was not 100%. I will like to know what I did wrong with the UJ trade that was OTM. Pls tell me what I miss. Thanks {image} {image}
Which option u r choosing Rise/Fall for 30 mins? I use binary.com, optionbit etc, screenshot posted was for optionbit.
  • #357
  • Jun 19, 2014 12:23pm Jun 19, 2014 12:23pm
See if you remember this long term position, this will expire tomorrow you can easily find out the reason for taking this trade, I posted early.
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  • #358
  • Jun 19, 2014 12:51pm Jun 19, 2014 12:51pm
Trades running.

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  • #359
  • Jun 19, 2014 12:53pm Jun 19, 2014 12:53pm
Most tradable instruments at the moment.

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  • #360
  • Jun 19, 2014 5:00pm Jun 19, 2014 5:00pm
Quoting rekon67
{quote} Which option u r choosing Rise/Fall for 30 mins? I use binary.com, optionbit etc, screenshot posted was for optionbit.

I use Marketworld. I will check out binary.com and optionbit. I hope they are reliable and withdrawal very fast?
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