CherryCoke's ALL OR NOTHING (Binary Options) Odyssey - Page 36

Done for today. Always start with a low gear so you'll have room for recovery trades. Profit for today $235.71-.

Played it safe today with London closed again, didn't do anything reckless. My pinbar strategy works very well, although not many trades come up. As Tom Petty said "The waiting is the hardest part".

Done for today. 6/9. Same old 3 pairs.Profit $179-

Trying a new strategy based on short term momentum. Gives more trading opportunities. 6 for 9.

I funded my 24option account a couple months back and did horrible... no plan no money.

But I've studied more and have done some paper trades. I'd just like cherry or someone to look over them to see if I'm just getting lucky or that this strategy make work out. I understand I need to know more but we all start somewhere right?

This chart shows 2 trades I made both ITM one dealing with the double red option strategy which im still a little skeptical on.

Then their is the resistance level i saw.. the higher white line.

This a closer 5 min chart of that resistance level play I took.

If this were to close at 3 instead of 2:45 I would have been OTM.

I pulled the trigger right when it hit the white line this thinking that every time the chart hit that level it retracted and assumed it would do the same again.

Anyways any information or tweeks to my trade would be much appreciated.

Cherry your a boss!

Hey ASMBills, I was using a double red, double green strategy today with some success, not using any particular rules. It looks like a viable strategy as it back tested very well. Time will tell.

Some observations:

- don't buy too close to resistance/support (made that mistake today). Price needs room to move.

- If second candle is large, wait for retrace.(As I see you did in your example)

- don't buy too far into trend (max two trades)

- if trending, beware pull backs/pull ups.

I haven't had much luck playing support/ resistance bounces, half the time they break through.

My .02

Thanx for the motivation Cherry. Some day I'll be at $50k a week.

Deposited a little bit of money to give a run at binaries again to see where it takes me. Last time I messed with binaries was over 2 years ago.

Today I had to pick up on some new psychology barriers that I haven't came across yet.

I noticed the time about to expire on certain assets and I began to force trades. 

After doing this twice, I decided to cool it and trade what I knew best on my OWN time, not sweating when they expire.

Had a lot of fun, looking forward to next week. 

WOW guys you're doing very very good!!

I've started going with Cherry's suggestion of going for 2 ITM. Focusing on one currency pair, pure price action. Worked OK today. Makes for a much shorter trading day. Entry point is crucial.

Quote:

Originally Posted by LosPinos 

I cant believe none of you in this thread haven't been trading with a real digital options platform.

 

Sounds like a shameless plug... well it is because I'm happy with the platform I use but the type of platform that offers 70%-80%-85% return are taking you all to the cleaners. It's an outright GAMBLE. If you are traders and want to trade fixed risk in the market I use PYXmarkets.

 

Not and Cypriot or Israelly company but London based and offer much higher returns that 85% for day trades that you build yourself/

I read everyones post daily. Since I'm hitting 50% ITM, my accounts are not profitable with 85% returns; so I'm open to reviewing other brokers. I've looked at NADEX, but PYXmarkets is simple to understand and execute. It is also regulated by FSA.

Since starting last week, I'm net postive. I buy and sell target positions toward the high and low average daily ranges at London open. Then watch the trades at the London close. I get to have regular sleep again!  Today's ITM brought in 300% return!  I'll monitor the trade plan for another week. So far, so good.

Can you explain this a little more? You bet 10 euros every time & you made more than 100 euros on a few trades?

Quote:

Originally Posted by Pocketful 

 

I read everyones post daily. Since I'm hitting 50% ITM, my accounts are not profitable with 85% returns; so I'm open to reviewing other brokers. I've looked at NADEX, but PYXmarkets is simple to understand and execute. It is also regulated by FSA.

 

Since starting last week, I'm net postive. I buy and sell target positions toward the high and low average daily ranges at London open. Then watch the trades at the London close. I get to have regular sleep again!  Today's ITM brought in 300% return!  I'll monitor the trade plan for another week. So far, so good.

 

Quote:

Originally Posted by Datemike 

Can you explain this a little more? You bet 10 euros every time & you made more than 100 euros on a few trades?

Yup Mike.  With this broker, you set the price range of where you think ITM will be at London close. And there is option for early TP or minimal loss. I set my targets at the high/low average daily range. For this trading day, 4 of 6 pairs touched at London close--hence 4 out of 12 orders ITM. Each bet was 10 pounds. Cost 120 pounds for the day. 482.91 returned. Over 360 profit. Heads up, they do not accept US residents and clients.