Hi Pear,
No we are not regulated or licensed at this time by any entity.
I have a personal strategy that I like to tweak and use especially for EUR/USD, check it out below, just remember it is not perfect and neither am I
Key Strategic Points
Using support and resistance lines
Using technical indicators
Using the current trend
Using instinct
Instinct in my eyes is the key. It is like buying a house, if you logically look at all the aspects as to why you buy a house, then you are left with many many factors that will determine as you logically work through them if you buy the house or not. My question is, even if the house ticks all the right logical boxes (location, size, cost, area etc) will it make you happy? The real truth is only an instinctive judgement call will give you that answer. Trading, is so similar. We as traders logically add indicators, work out trends, use technical analysis and so on but again even if all those logical steps are done we are not guaranteed a single happy result. So, what is my advice?
Feel the trend and movement, ask yourself if you feel it is up or down. Follow that instinct because even if you lose the trade you can be happy in the knowledge that your feeling guided you. The way to improve is simple. Dissect any losing trade and work out what could have made it a winner! Most of the time it is timing or trade amounts/frequency of trades that do us in, not the instinctive feeling. Most people have no problem winning trades, it is the personal management that lets most down by getting too excited and making the wrong choices on amounts per trade and amounts of trades. Trust your instincts and work on improving!
At this point I would like to share a baby of mine that is still “work in progress”.
All my trading career I have been looking and running after the “toaster/microwave” style trading cures or “strategies” that could help me achieve profits and good stable trading results.
The following strategy I designed personally as a “toaster” style solution. The main aim was to create a simple step plan in order to place a trade at any time, based on trading an hourly High/Low binary option. Check it out, test it out, use it, abuse it! Do whatever you like with it, I can tell you personally that it has just started to work well for me over the last 3 months or so and I do plan to keep tweaking it and using it moving forwards.
Pick an asset paying 80% – 85%
Go back on the charting (using the PRO Trader feature left and right time arrows) to four hours previous (not including current hour)
Write in one line the highest price, per hour. Underneath line of four numbers do the same with the lowest price, per hour.
You should end up with something looking like this;
EUR/USD Example
1.29000 | 1.29125 | 1.29450 | 1.29725
—————————————
1.28870 | 1.28900 | 1.29150 | 1.29250
Now you can see the overall trend by looking left to right. The trend will either be an upwards/downwards/sideways
I strongly advise here to get the average high and low price using the following formula (total prices added together divided by amount of hours)
Now we make a prediction for the hour ahead based on the last hour high and low + any economic factors to come (economic calendar and news) + our average high and low price (the average prices being used purely as an anchor in our minds as to how strong the movement has been along with the average prices as the asset has moved in it’s most recent history).
If the asset has been moving up, I am placing “CALL” trades only, basing my decision on overall direction for that movement on the last few hours movement alone (that’s right, no indicators or extra charting etc). From there I target an entry price for my “CALL” based solely on the last hours price. My reasoning is that by getting as close to the last hours low price as possible (taking into consideration that the asset has been moving up in price and the next “low” price should be above the last hours low price), that I will have minimal risk involved, and obviously if the damn thing keeps moving up my trade is priced in at the best possible level.
For an downward trending asset, I do the same only in reverse. I am making “PUT” trades only and basing it on the last hours “high” price!
Now for a sideways moving asset (something static/non moving) there is in my mind only one way to trade it. Wait as long as you can in the hour (until just before the cut off point to make a trade) and attempt to target the highest/lowest price you can see, that fits into the last few hours prices. So for example, if the EUR/USD has been sticking at 1.31200 for the last few hours, I will attempt to “CALL” at 1.31150 and below, or attempt to “PUT” at 1.31250 and above.
In terms of amount of trades. The best results I have seen have come from trading just 3 trades in a trading session of 1-2 hours.
This limits a lot of negative factors involved in trading and also means we can directly see our win/loss ratio clearly along with any mistakes we have made!
Aim for 2/3 wins and you will achieve 66% win/loss ratio, more than enough for a nice layer of profit. Average out better than that and you are laughing all the way to the bank!
