I've discovered binary trading only a few months ago; so I spent much time reviewing the forum for other's experiences. My background is with forex trading. Scalping more than swing trading. So I can see that trading binaries is very similiar when expiry times are only 15-30 min.

In these charts, I'm following 5 min trend, price action, momentum and 1 min entries. The 2 binary brokers show that the target/market prices do not match. These are demos here although I have funded a live 24OP account.

EURUSD trade. Just made ITM.

As the old saying goes "You can't always please everyone."

Quote:

Originally Posted by cherrycoke 

 

Everyone has to be answerable for their own actions. If anyone were to be so naive enough to think that someone like me (who has total of 4 years part-time trading plus 2 years full time) can pull such a profitable run with binary, why not them, its their own skin they are playing with.

 

As for the no value on this thread, i have to respectfully disagree. There is NO single thread on the internet that has so much info on the binary industry pen down by a user. A user with 2 years of experience in trading binary.

 

The information includes everything from how the industry stacked the odds against the users, how to choose a better broker, how safe are these brokers and so on. Not only i posted my screen shots of my trades, i tried my best to answer every question that was posted here. So to say that this thread is no value to new/veteran traders is not doing justice to all the unbiased perspective that i offer to all the queries posted here.

 

I am not attempting to change your opinion of this thread, but rather i would like you to take a different perspective about it. And if you have read all my posts, i have never promote any brokers to anyone nor i participate in any affiliation program. In fact i caution every potential user to be aware of the shady industry's standard. 

 

And if your angle of approach is towards the "not enough charts are posted here", this i cant help. By just posting my screen shots i am already accused of so many ugly stuff, cant imagine if i were to put up my charts. And if charts are of your concern, you can drop by here. This is my predominate site where my ideas, views and what-not are shared. And there are loads of chartwork and systems to be found here. This is the "home" of the binary traders, where binary users are most comfortable with to post anything related to the industry. But not here in HSM, and i dont have to explain why.

 

http://www.binaryoptionsdaily.com/

 

As of this very moment, i have already successfully traded binary for 2 years and also had being trading full time for 1.5 years.

I am very happy and overwhelm by the my achievement which i never had imagined when i first started 2 years ago. If u had read my post over at the DOG's thread, my aim at that time was merely making $1000 per week and i would be over the moon. And looked at how far i have come.

Frankly i did not arrive at this juncture on my own, there were/are a lot HSM members that had contributed to my learning and trading journey, which i am grateful and thankful for. And right now, i can say that i am living more than "my dream". And i could just stop posting or updating my thread here. And i would rather just go about minding my own time and business, leisurely. 

 

If the moderators feel that my thread serves no purpose at all to the trading community, they can close it and i would not challenge their decision. 

Or if i were to change the title to my thread to "CHERRYCOKE'S ALL-OR-NOTHING BINARY BRAG THREAD", would that appease the hate from the community here ?

 

 

"Psychology is so important that even the best information can be distorted by a poor mindset."

Cherry your contribution here for all of us I think is great and absolutely usefull!

Do not listen about taunt!

You are important there!

So the reason for you posting your results is what exactly, smartbumfx? is it to try and gain the respect of CC? hence the reason your posting them here?

Is it to help people?

Goodluck to you if your doing well at trading but i was simply making the point that it would vastly enrich this thread if people like yourself post the reasoning and entry to there trades.

I dont think its an unreasonable request for all the folks on here reading the thread. Gloating has never been my thing personally.

Quote:

Originally Posted by donR 

So the reason for you posting your results is what exactly, smartbumfx? is it to try and gain the respect of CC? hence the reason your posting them here?

 

Is it to help people?

 

Goodluck to you if your doing well at trading but i was simply making the point that it would vastly enrich this thread if people like yourself post the reasoning and entry to there trades.

 

I dont think its an unreasonable request for all the folks on here reading the thread. Gloating has never been my thing personally.

 

Reason is: "That it can be done. even for a noob like me in Binary Option trading" . If you need some charts, go and check CC's older post where she dissects her entries for the benefit of others. And if you want more, go dig at Dog's thread (until now i'm still nowhere page 8, but I already learned something and will continue reading.)

http://www.hotstockmarket.com/t/78189/dogs-binary-option-trades/140 (for your convenience)

Again if that's not enough for you, We can't really do anything anymore and I don't have a cure for that.

As for my charts, if I'm going to post any it'll be on my own thread, but NO, that's not gonna happen for an obvious reason already known to you.

Trying to get respect for posting results? Where the heck did you get that kind of assumption? Again, let me repeat myself, I don't have a cure for that.

I, for one, am appreciating this thread. New to binary, have yet to have consistent wins. One thing you can do when someone posts their results is to cross reference with the chart to see what they did as they provide the entry/exit points. As long as you can figure out the time zone they're in. The one comment I always have is "I wouldn't take that trade".

My biggest problem is watching an entry point develop and fail to "pull the trigger". That's psychology for ya.

None of you ungrateful pricks better muck up anymore valuable threads. Some of us actually have a brain and are able to learn a vast amount from somebody "just posting their trades". 

Which 'vast amount' of information did you gleam from smartbumfx's last screenshot upload?

For someone who says he is a newbie, i was amazed that he can watch so many pairs at one time and place the trades seconds apart on nearly all the pairs and still take into account all the different aspects of each chart that would signal an entry at that particular time of entry.

But it seems i am getting attacked for asking for some reasoning behind the trades, (No smartbumfx, not CC's or dogs, yours)

I dont want to cause ripples in the water any longer so i wont go on about it any more. I wish you all the best.

Cherry, this is by far the best thread on binaries, it has been very useful for me as well as for others, I'm sure. So just wanted to let you know that all the info you're providing is much appreciated, this thread is great and I read it every day. So thanks a lot again and keep doing what you're doing

donR,

I understand where you're coming from and i agree with you. Yes, you can learn from the screen shots by looking at the entry and exit prices and checking them on the charts as long as you can figure out the poster's time zone. This is tedious and really not encouraging. It's just easier if the reasoning behind the trades are posted, that's why it's a forum. Now if the posters don't want to provide that information, there's probably a personal reason for it...they might be using proprietary software or paying for that information somehow, so i can understand. I'm also a newbie to Binaries (about 2 -3 weeks), but have been trading monthlies for 4 years. I just think it would be nice to post the reasoning behind the trades in the screen shots; that would make life easier. I have nothing against the screen shot posters. As a matter of fact, smartbum/CC's screen shots motivated me to start trading binaries.

Thanks.

Hi, myself as well tried to trace some of these short period trades on charts but many times could not really find an explanation based on chart alone.

I use 5 min chart, use SR already tested and use end of day expiry. Only do max 3 trades a week. I use exp avg 13 and exp avg26   normal avg 20  and CCI and MACD as indicators. Thats all. But they are all lagging so SR and price action are most important to me.

Post a chart and explain every trade is a bit boring. I will post my trades at end of each month, If have time will try to attach some charts and explanations.

I am in Milan, Italy for timing the trades.
 

Done for today. I got whooped twice on EURUSD. Premature entry, still sleepy I guess.

Monitoring 3 pairs, most of the trades were done based on retracements

.

Noob question:  How do you get to Oil, Gold, etc charts on FSC?  Also, anyone know where I could find a free demo account?

Quote:

Originally Posted by Valupak 

Noob question:  How do you get to Oil, Gold, etc charts on FSC?  Also, anyone know where I could find a free demo account?

oil is /CL

gold is /GC

idk what FSC but those are the tickers for any platform that streams futures.

or you could use forex pros( gold: http://www.forexpros.com/commodities/gold oil: http://www.forexpros.com/commodities/crude-oil)