DAX. +31 and +55
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DislikedHi srmfx, Really enjoyed reading your posts. Would you mind helping me understand binary options? I've done some reading but don't fully grasp why you choose BO over Spot forex. Again ... Really enjoying what you're doing here and hopefully I will be able to learn from you.Ignored
QuoteDislikedI trade the same set ups with binary options. The idea is to take advantage of pending orders around support and resistance levels. With 1-minute binary options I can profit when the price just stays below or above the strike price. If I trade spot the price have to move in my direction.
Disliked{quote} Thanks! I've downloaded a demo for Binary Options. It's my first experience and it's very interesting. Do you still also trade spot Forex for the STE entries?Ignored
QuoteDislikedBinary put at previous high. The long upper shadow of the candle suggests that offers are waiting around that resistance.
Disliked{quote} I'm assuming you're using simple high/low binary options? Also do you always use the same time option 60 secs? I have scanned through How to master Forex Options 101 and it states in there that risk/reward can be as much as 1:10. I'm presuming this is using options such as Ladders or One Touch? Do you trade exclusively 60 second high/low?Ignored
DislikedI've missed the short entries. Long at round number. Initial stop 14 pts. 1st half closed for 16 pts profit. Stop at -1. {image}Ignored