There are 2 ways to trade in binaries. I am with 24Opt as well and use technical analysis tools trying to look for meaningful SR levels and play with end of day expiry. If am wrong there is a way and time to double bet in the opposite, if second bet is wrong again quadruple bet in other direction. Most often is only 2 trades the needs to be entered.
To do this you need to use strict money management techniques to achieve your goals.(Roughly each bet not more that 4% of your capital)
Example: buy EURUSD with 1000 euro on a strong support, if direction is wrong SELL EURUSD 2000 Eur if that support is broken, if direction is again wrong BUY 6000 Eur at next support level .all with end of day expiry.
Your direction movements are based on reaching meaningful Support or resistance values.
I am pretty consistent with this technique, I do EURUSD GBPUSD OIL GOLD and occasionally some stocks.
Second way to play like CherryCoke does using the shortest possible timeframe and placing the bet just 1 minute or less before close. She is not using I think indicators to trigger the trade but just as confirmation background. What triggers her trades I think are only patterns. If she can establish a pattern with highest possible frequency, using the 1 MIN charts, just looking at those ticks, then she can decide on the direction of trade and which instruments to play in 24Opt (High/low, touch/no touch).
Is a fire and forget technique, not possible to salvage the trade. Like me she mostly uses currencies and oil.
She is pretty consistent.I still need to try it.
Maybe she can shed some light on how she establishes a pattern (just visually and for what period or maybe she using some algorithm to do that like an EA used in Metatrader).
Cherry the answer to you if I am right on pattern recognition.......
Actually there are many sophisticated software for pattern recognition (of any kind)....
