Binary Options 24 BY 5

Welcome All !

So this will be my 4th thread in FF, for recap below are my previous work on making parallel earning system using Forex/Binary trading strategies.

Multi Time Frame Analysis for Spot and Binary Options
Rekon's Binary Option Trading with M15 Chart
Rekon Xs and Market Scanner for Spot and Binary Options

So, the objective is to post the regular signals I am getting from RekonX system and trade on them, sharing my results etc. In case you find this interesting you are welcome to join the group.

Strategies which generates trading signals are Price Action, Support Resistance, ATR, Volatility, Multiple Time Frame Analysis etc.

Let us start the discussion.

How the signals are going to look like?

Presently signals are based on hourly candle, my broker platform is 2 hours offset from GMT, however that should not matter because signals are filtered with price volatility so it means when market will have significantly high volume or significantly low volume - signals will be triggered. I will be giving more details on this. For now this is how signals will be pushed in your mailbox.

Last 12 Hours result from the Signal - Note Trading is manual only. But as the signal length is from one hour to 6 hours or more - you have time to execute your trade within first 15 minutes of the signal received.

Net Profit $106 in last 12 hours

AUDUSD Bearish: Put Option for 1,2,3 Hours : Time Frame: H1 : Price Action: Shooting ShootStar 4 :Yester_Day_High: 0.7084 :Yester_Day_Low: 0.6997 :To_Day_Open: 0.7028 :To_Day_High: 0.7067 :To_Day_Low: 0.7011

EURUSD Bullish: Call Option for 1 Hour, In a bearish market PUT option for 2,3,4 hours : Time Frame: H1 : Price Action: Piercing Line Pattern :Yester_Day_High: 1.1208 :Yester_Day_Low: 1.1134 :To_Day_Open: 1.1193 :To_Day_High: 1.1315 :To_Day_Low: 1.1149

AUDUSD Bullish: Call Option for 4 Hours, Do not trade this if the Market is bearish : Time Frame: H1 : Price Action: Bullish Hammer 4 :Yester_Day_High: 0.7084 :Yester_Day_Low: 0.6997 :To_Day_Open: 0.7028 :To_Day_High: 0.7067 :To_Day_Low: 0.7002

AUDUSD Bearish: Put Option for 6,7,8 Hours : Time Frame: H1 : Price Action: Shooting ShootStar 3 Additional Information for today: If the Price touches : Yester_Day_High: Put for 1H 0.7067 : Yester_Day_Low: Call for 1, 2 H 0.7002, Price testing this point for 2nd or 3rd time: To_Day_High: Put for 1H 0.7057 : To_Day_Low: Call for 1, 2H0.7057 , GBPUSD-Sideways: If Price touches - Put for 1H: 1.5625, 1.5503, 1.5381, 1.5259, 1.5245, 1.5225 :: Call for 1H: 1.5137, 1.5105 , EURUSD-Sideways: If Price touches - Put for 1H: 1.1719, 1.1597, 1.1475, 1.1353, , 1.1295, 1.1230 :: Call for 1H: 1.1130, 1.1108, 1.0986, 1.0864 , AUDUSD-Sideways: If Price touches - Put for 1H: 0.7446, 0.7324, 0.7202, 0.7080, 0.7055 :: Call for 1H: 0.6995, 0.6958 News Time for today: Trade only if you are confident:- GBP: IST-Oct 5: (2 PM) - Services PMI , EUR: IST-Oct 5: None , AUD: IST-Oct 5: (6 AM) - ANZ Job Advertisements , USD: IST-Oct 5: (7:30 PM) - ISM Non-Manufacturing PMI

News which you may use: Good numbers in AUD: IST-Oct 5: (6 AM) - ANZ Job Advertisements. Call option for 1,2,3 hours @ price near 7050

IST 7:30 PM signals

EURUSD Bullish: Call Option for 4 Hours, Do not trade this if the Market is bearish : Time Frame: H1 : Price Action: Morning Doji Pattern Additional Information for today: If the Price touches : Yester_Day_High: 1.1318Put for 1H; If Price touches: Yester_Day_Low: 1.1149Call for 1, 2 H, Price testing this point for 2nd or 3rd time: To_Day_High: 1.1288; Price testing this point for 2nd or 3rd time: 1.1198Put for 1H: To_Day_Low: Call for 1, 2H , GBPUSD-Sideways: If Price touches - Put for 1H: 1.5625, 1.5503, 1.5381, 1.5259, 1.5245, 1.5225 :: Call for 1H: 1.5137, 1.5105 , EURUSD-Sideways: If Price touches - Put for 1H: 1.1719, 1.1597, 1.1475, 1.1353, , 1.1295, 1.1230 :: Call for 1H: 1.1130, 1.1108, 1.0986, 1.0864 , AUDUSD-Sideways: If Price touches - Put for 1H: 0.7446, 0.7324, 0.7202, 0.7080, 0.7055 :: Call for 1H: 0.6995, 0.6958 News Time for today: Trade only if you are confident:- GBP: IST-Oct 5: (2 PM) - Services PMI , EUR: IST-Oct 5: None , AUD: IST-Oct 5: (6 AM) - ANZ Job Advertisements , USD: IST-Oct 5: (7:30 PM) - ISM Non-Manufacturing PMI


AUDUSD Bullish: Call Option for 4 Hours, Do not trade this if the Market is bearish : Time Frame: H1 : Price Action: Bullish Hammer 4 Additional Information for today: If the Price touches : Yester_Day_High: 0.7067Put for 1H; If Price touches: Yester_Day_Low: 0.7002Call for 1, 2 H, Price testing this point for 2nd or 3rd time: To_Day_High: 0.711; Price testing this point for 2nd or 3rd time: 0.7042Put for 1H: To_Day_Low: Call for 1, 2H , GBPUSD-Sideways: If Price touches - Put for 1H: 1.5625, 1.5503, 1.5381, 1.5259, 1.5245, 1.5225 :: Call for 1H: 1.5137, 1.5105 , EURUSD-Sideways: If Price touches - Put for 1H: 1.1719, 1.1597, 1.1475, 1.1353, , 1.1295, 1.1230 :: Call for 1H: 1.1130, 1.1108, 1.0986, 1.0864 , AUDUSD-Sideways: If Price touches - Put for 1H: 0.7446, 0.7324, 0.7202, 0.7080, 0.7055 :: Call for 1H: 0.6995, 0.6958 News Time for today: Trade only if you are confident:- GBP: IST-Oct 5: (2 PM) - Services PMI , EUR: IST-Oct 5: None , AUD: IST-Oct 5: (6 AM) - ANZ Job Advertisements , USD: IST-Oct 5: (7:30 PM) - ISM Non-Manufacturing PMI

GBPUSD Bullish: Call Option for 4 Hours, Do not trade this if the Market is bearish : Time Frame: H1 : Price Action: Morning Doji Pattern Additional Information for today: If the Price touches : Yester_Day_High: 1.5237Put for 1H; If Price touches: Yester_Day_Low: 1.5127Call for 1, 2 H, Price testing this point for 2nd or 3rd time: To_Day_High: 1.5244; Price testing this point for 2nd or 3rd time: 1.516Put for 1H: To_Day_Low: Call for 1, 2H , GBPUSD-Sideways: If Price touches - Put for 1H: 1.5625, 1.5503, 1.5381, 1.5259, 1.5245, 1.5225 :: Call for 1H: 1.5137, 1.5105 , EURUSD-Sideways: If Price touches - Put for 1H: 1.1719, 1.1597, 1.1475, 1.1353, , 1.1295, 1.1230 :: Call for 1H: 1.1130, 1.1108, 1.0986, 1.0864 , AUDUSD-Sideways: If Price touches - Put for 1H: 0.7446, 0.7324, 0.7202, 0.7080, 0.7055 :: Call for 1H: 0.6995, 0.6958 News Time for today: Trade only if you are confident:- GBP: IST-Oct 5: (2 PM) - Services PMI , EUR: IST-Oct 5: None , AUD: IST-Oct 5: (6 AM) - ANZ Job Advertisements , USD: IST-Oct 5: (7:30 PM) - ISM Non-Manufacturing PMI

Trades taken for the day.

13 signals so far for today? Are you guys trading on them?

I just read this thread, and I checked a bunch of your signals trying to align the times of my charts to what you posted in your images based on what you said about your broker's time being offset from GMT by 2 hours. When I finally figured it out I saw that you are actually winning these trades. So I just subscribed to this thread and I hope to get an email notification the next time you post to it with a new batch of signals. But more than that I will go back and read your other threads about your trading strategies. Thanks you for sharing with us. I need something like this too Thank you!

Just to make sure I didn't make a mistake, I figured your broker it 2 hours ahead of GMT, is that correct? Thank you!

My apologies again guys!

Due to my full time job I could not find time to nurture my threads properly.

Anyway, good news is I just delivered one critical project for my company and I have some bandwidth now so will continue writing.

As you know I am doing binary and spot both in forex, commodities, stocks and random index which is actually open for trading 24 BY 7. But I would prefer not to trade all days same as you need not to do workout all weekdays and weekends. So we are calling it 24 BY 5!

Why I have been posting the signals is just to make aware you guys - if we get signals in our mail inbox we can simply execute the trade from just one button click of our mobile!

I am doing this because I know there are lot of people who are doing full time job and has less time to seat and watch charts.

This is my 8th year in Forex. So how I am trading is very simple - describes as below -

A. I have a server which runs 24 BY 5 (I give it rest on non-trading days)
B. I have software running on the server which generates trading/binary signals in a regular interval say 4 Hours!
C. I have a smart phone with internet connection (Android mobile will do/any mobile which lets you read emails)
D. I need not to be on internet all the time, rather I know my system will send me signal lets say at 1:00 PM, I just need to check at that time and execute the trade as it is mentioned on email.
E. It is not necessary that result will be 100% positive.
F. But, we will have a weekly target to achieve profit and use our money to compensate the loss with higher profit.
G. We only need 60% success/winning positions to close the week in profit.
H. Keep calm and execute the trades with proper money positions, keep on withdrawing the profit.
I. The longer you stay on the market, your knowledge increases and target to read the log of your losing positions so that one by one you can convert them a higher winning position.

I will explain more

Keep me sending your email IDs so that I can add you on the signal list. Presently you will be getting signals from EU, GU, AU, UC etc.

--Rekon

Yes, you are correct - but don't bother about it

So, Monday Daily is started with 3 Signals on Daily TF.

We will be using them for trade direction, ignore the call/put duration but check the call/put direction.

We need to understand this is a part of MTFA, since we are using the large scale as Daily we now need to take a shorted TF for trade execution which should be atleast 4 times lower than the larger scale - we'll choose H4 in this case.

We got one more signal as soon as we switched to H4. We now need to carefully observe the initial situation of these 4 pairs.

Signal generation time on H4 interval would be:

IST

7:30 AM
11:30 AM
3:30 PM
7:30 PM
11:30 PM

hey recon, do you still use scanner?

hey rekon, when you say the signal genration hours as 7:30AM Indian time, is it the time of the signal starts for example (Call option for 4 hour time frame), then the 4 hour starts at 7:30AM Indian time?

thanks for sharing your knowledge.

Signals generated on 1-Feb-16

Trades executed for the day. I took E/U trades along with G/U as both are on same direction.