Trading Euro-Style Binary Options

[WklyOptions]

T2W traders,

AUDUSD no follow-thru to downside.

New Bearish Burst Alert Triggered for GBPUSD, T1=M30 (see #1).

Then new M5 entry criteria (see #2).

Currently Net (+2u) - Target for session remains at Net (+5u).

WklyOptions

 

[WklyOptions]

Tokyo Net (+5u) = long choppy trading session

T2W traders,

Update on GBPUSD Bearish Burst campaign (had Net (+2u) from AUDUSD so far):

Able to exit on GBPUSD chart on M5 - had 3 consec winning bearish bars. (see #1)

M30 chart for GBPUSD ending campaign (see #2).

Net from GBPUSD = (+3u)

Net from AUDUSD = (+2u)

Total Net = (+5u) from Tokyo session over several hours. :clap:

Very choppy long session - but trading objective achieved!

Exit the trading room for now - get a break and prep for London session later! :!:

Thank you.

WklyOptions

 

[WklyOptions]

Summary of tonite's Toky Session (+5u) binary trades

T2W traders,

Remember - the key to EDGE-based binary options trading is to learn to isolate and trade ONLY thru momentum bursts. :idea:

No matter your indicator(s) - find a way for you to be able to "see" very powerful momentum bursts. And then also to be ALERTED to take action when called for.

Using technologies to get ALERTS to trade execution is crucial to allow me to focus on other items while waiting for high-probability low-risk setups and momentum bursts. :smart:

Like tonite's Tokyo session campaign - took hours in duration. Had to switch out from AUDUSD (+2u) to the GBPUSD (+3u) near the end of the Tokyo session. But - at least achieved Target of (+5u) per session (Tokyo, London, NY). :clap:

I did other tasks and waited for the Alert Triggers - then just executed on the binary options trades during the momentum bursts.

Regards,

WklyOptions

 

[Porkpie]

Thanks. I do use a multiple time frame approach in my trading. I am looking for ways to use options to minimise risk. Thanks for the suggestions, much appreciated.

 

[WklyOptions]

Thanks. I do use a multiple time frame approach in my trading. I am looking for ways to use options to minimise risk. Thanks for the suggestions, much appreciated.

Hi, Porkpie,

Thanks for your input!

For example, if your trades last hours to a couple of days - then perhaps you can consider using weekly options from the CBOE for stocks as an asset class. Or if trading indices, commodities, forex (and US resident) - then you can consider using Nadex binary options.

However, if your avg trade duration is beyond 1 week - you can trade listed stocks using the regular options chains. And for the major currency pairs, if trading duration > 1 wk - you can consider using the ETFs and its options (for example FXE = ETF for EUR/USD) on the listed exchanges.

This way - you get both risk management and leverage. :clap:

The Eurostyle binary options are primarily for very short-term trading. I specifically key off either M30 or H1 - and then look for suitable entries on the M5 charts. I only trade the major forex pairs for these Eurostyle binary trades to make sure I trade the most liquid pairs. And I only go for Net (+5u) per session (NY or Tokyo or London sessions).

Porkpie - if you are/want to use options for leverage and risk management, what assets and time frames (and avg trade duration) are you trading on?

Regards,

WklyOptions

 

[WklyOptions]

Wed 07/30/2014 - NY session setup = USDJPY

Hi, T2W traders,

Today's morning session on the NY period was much smoother than last night's Asian trading session (even though it still had Net (+5u) over several hours).

There was a Bullish Burst Alert Triggered ON overnight in the USDJPY using M30 as the T1 chart (see #1).

Then when I sat in on the NY session at the opening - the M5 chart was used for my binary trading implementation.

Not surprisingly - and not unusual - my first two (2) binary call trades were losses! :whistling

 

[WklyOptions]

Wed 07/30/2014 - NY session setup = USDJPY

Hi, T2W traders,

Today's morning session on the NY period was much smoother than last night's Asian trading session (even though it still had Net (+5u) over several hours).

There was a Bullish Burst Alert Triggered ON overnight in the USDJPY using M30 as the T1 chart (see #1).

Then when I sat in on the NY session at the opening - the M5 chart was used for my binary trading implementation.

Not surprisingly - and not unusual - my first two (2) binary call trades were losses! :whistling

Note = this happens more frequently than desired! Especially b/c my M5 entries are usually triggered right off M30 momentum bursts - so it is vulnerable to temporary pauses in the momentum (and hence causing M5 losses!).

Results Sequence this morning = L-L-W1, W2, W3, W4, W5 = Net (+5u).

Now out - may look to trade Tokyo session again soon. Just finished good run outside, will get cleaned up and then see if any FX pair is moving w strong momentum (either bullish or bearish) on the M30.

Regards,

WklyOptions

 

[WklyOptions]

AUDUSD - Tokyo Session - Bearish Burst M30, M5

T2W traders,

Tonite's Tokyo session was fairly straight forward:

1. T1 M30 = Bearish Burst Alert Triggered ON (see #1).

2. T2 M5 = Bearish Burst Alert Triggered ON (see #2).

Took M5 binary puts. Sequence Results = W1 W2 W3 L1 L2 W4 W5.

Net (+5u). :clap:

Done w Tokyo session. Will NOT trade London session tonite. Try to capture next series of Eurostyle binary options trading in the NY session next.

Regards,

WklyOptions

 

[WklyOptions]

New Eurostyle Calls USDJPY - T1=M30 T2=M5 (NY Session)

T2W traders,

Well, USDJPY remains bullish strong! Just finished Nadex H1 campaign with Net (+5u). :clap:

Now in the NY Session, time to trade T1=M30, T2=M5.

0915am ET, Thurs 07/31/2014

T1=M30 has Bullish Burst Alert Triggered ON (see #1).

T2=M5 has Bullish Burst Alert Triggered ON (see #2).

Time to start the Eurostyle binary call campaign. Target = Net (+5u).

Will update closer to end of campaign...

Regards,

WklyOptions

 

[WklyOptions]

Eurostyle calls USDJPY T1=M30 - OFF for now...waiting for RESET...

T2W traders,

Well, USDJPY remains bullish strong! Just finished Nadex H1 campaign with Net (+5u). :clap:

Now in the NY Session, time to trade T1=M30, T2=M5.

0915am ET, Thurs 07/31/2014

T1=M30 has Bullish Burst Alert Triggered ON (see #1).

T2=M5 has Bullish Burst Alert Triggered ON (see #2).

Time to start the Eurostyle binary call campaign. Target = Net (+5u).

Will update closer to end of campaign...

Regards,

WklyOptions

T2W traders,

Well - what an abrupt 180 on the USDJPY with T1=M30, T2=M5. This shows the risk associated with trading shorter-term time frames.

As of 0950am ET, Thurs 07/31/2014 - the T1=M30 chart is NOT on Bullish Burst for now! All USDJPY call options trading on HOLD - until see a reset of the T1=M30 back to a Bullish Burst ON status. (see #1)

For now - after a few trades here - Net = (+1u) (see #2). :|

Wait for USDJPY T1=M30 to go back to Bullish Burst ON.

Alternative = may trade different pair IF can find strong mojo momentum burst!

Will update more later.

Thanks.

WklyOptions

 

[WklyOptions]

T2W traders,

.....

For now - after a few trades here - Net = (+1u) (see #2). :|

Wait for USDJPY T1=M30 to go back to Bullish Burst ON.

Alternative = may trade different pair IF can find strong mojo momentum burst!

Will update more later.

Thanks.

WklyOptions

T2W traders,

Well, now about 1400pm ET into the NY Session on Thurs, 07/31/2014.

The M30 charts on most of the major pairs appear to be relatively quiet right now.

The only M30 chart that has some threshold for a Bearish Burst Alert is the USDCAD on the M30 time frame. However - it needs at least a stronger DOWN close on the M30 on this 1400pm ET price bar.

Will keep a close watch on this one. In the meantime, still Net (+1u) for this NY session. No trades for now.

Regards,

WklyOptions

 

[WklyOptions]

T2W traders,

Just rec'd Bullish Burst confirmation on USDJPY again w T1=M30, T2=M5.

See attached charts.

Will proceed to continue w Burst campaign = currently at Net (+1u).

Regards,

WklyOptions

 

[WklyOptions]

Net (+5) Closed USDJPY T1=M30 Bullish Burst (NY session)

T2W traders,

Just rec'd Bullish Burst confirmation on USDJPY again w T1=M30, T2=M5.

See attached charts.

Will proceed to continue w Burst campaign = currently at Net (+1u).

Regards,

WklyOptions

Hi, T2W traders,

Finally finished Target at Net (+5u) for the NY session after a PAUSED Bullish Burst trading campaign! :clap:

Recall that the USDJPY T1=M30 Bullish Burst campaign was PAUSED around 0945am ET earlier today that had a Net of (+1u) at that time with the Results Sequence of: (W1 L1 L2 W2 L1) = Net (+1u).

The USDJPY bullish burst momentum resumed in earnest and by 1545pm ET, the Bullish Burst campaign for the NY session was completed.

Again, Target achieved at Net (+5u)!

I hope T2W traders are getting a "feel" and able to clearly "see" how important it is to catch momentum bursts on the higher time-frame T1 and then execute the Burst trading campaign off the T2 time-frames! :smart:

Also - I hope readers here can clearly see the "random distributions" of Ws vs Ls as the Burst campaigns unfolded. Still, even if a few were PAUSED temporarily - and then re-started, so far all Burst campaigns were able to achieve its Target at Net (+5u) per session. :clap:

Unfortunately Friday is a busy travel day for me - so will NOT trade. Finish this week very well.

Will post Debrief report later today! :smart:

Regards,

WklyOptions

 

[WklyOptions]

Eurostyle Binary Trading Weekly Results = Net (+30u)

T2W traders,

(0437am ET) Fri 08/01/2014

I will be traveling so no more trading this week. Plus today is the NFP data release!

Just a brief wrap-up of the Eurostyle binary options trading results:

Eurostyle Binary Results

07/29/2014 – London Session (0700am ET) = EURUSD, T1=M30, T2=M5, Net (+5u)
07/29/2014 – NY Session (1150am ET) = USDJPY, T1=M30, T2=M5, Net (+5u)
07/29/2014 – Tokyo Session (2320pm ET) = AUDUSD, T1=M30, T2=M5, Net (+2u)
07/30/2014 – Tokyo Session (0145am ET) = GBPUSD, T1=M30, T2=M5, Net (+3u)
07/30/2014 – NY Session (1045am ET) = USDJPY, T1=M30, T2=M5, Net (+5u)
07/31/2014 – Tokyo Session (0035am ET) = AUDUSD, T1=M30, T2=M5, Net (+5u)
07/31/2014 – NY Session (1550pm ET) = USDJPY, T1=M30, T2=M5, Net (+5u)

Net for the week = Eurostyle Binary Options over 7 Sessions = Net (+30u) :clap:

Please note that I used T1=M30 and the zoomed in on the T2=M5 charts for my Entry and campaign management.

I ended up doing 2 sessions daily as best as possible - just could not achieve hitting all 3 session daily! :whistling

Lessons Learned on Eurostyle Binary Options Trading:

(1) Every session allowed for the "discovery" of Momentum "Burst" Alerts - in one of the major currency pairs. :whistling
(2) It did not seem to matter bullish vs bearish "Burst" moves - both were profitable.
(3) Reaching for Net (+5u) per Session "Burst" campaign was achievable - and correlated with the back-tests and Binary Options Trading Plans.
(4) Price volatility between the M30 and M5 time-frames (and momentum moves) were precisely in accordance to the expected metrics achieved in the back-tests and as per the Binary Options Trading Plans.

Do NOT rely on gut feeling, intuitiveness, impulse trading = all too difficult to trade CONSISTENTLY on a DAILY basis! Even more difficult if the trader is trying to scale up the $$$ bet size!

Closing Summary:

(5) Please note the relative consistency of the M30 and M5 charts. T2W traders can go back over these charts and generate ideas for themselves.
(6) Eurostyle Binary Options behaved according to its Trading Plans.
(7) Eurostyle Binary Options is a perfectly manageable asset for professional traders to exploit and execute trading EDGE(s) repeatedly.
(8) Traders MUST HAVE STRUCTURE & PROCESS in place via Trading Plans! :smart:

I hope that at least some of the T2W traders followed along at least one of the M30 and M5 charts in the above sessions - to see how to use these assets to profit consistently!

I will continue to trade next week after Tues (on vacation thru Tues). Have a great weekend!

Good luck to T2W forex traders that will be trading around the NFP release!

Regards,

WklyOptions

 

[WklyOptions]

T2W Binary Options Traders - SCAM ALERT - BeesOptions & Greg Marks

Hi, T2W traders,

SCAM ALERT triggered on radar screen! :whistling

Received email on new binary options trading "insurance" deal between Greg Marks (supposed hedge fund trader w $45M under mgmt.) and BeesOptions binary broker.

Here are the details of the Scam TRAP:

(1) Marks promises to "pay from his own funds" any losses for the next 7 trading days up to $500K per trader on the BeesOptions trader. What does this mean? His personal funds? His funds from within the hedge fund (bad deal for his investors)? Plus this is not enforceable.

(2) BeesOptions "Director of Finance" comes on and shows BeesOptions "Guaranteed Insurance" arrangemet for new traders to have losses rebated back up to $500K per trader for next 7 trading days. HOWEVER - loss rebates are subject to their Bonus Terms & Conditions. This means that trader will NOT be able to withdraw their $$$ - UNTIL - trader has traded 3000% (30x) their initial deposit + total $ in loss rebates! Effectively = NEVER! :whistling

Lessons Learned:

(3) Eurostyle binary brokers have ZERO regulatory criteria for their promotional marketing ads.

(4) "Guaranteed Insurance loss rebates of up to $500K per trader" = feeding the greed & desperation of naïve individual retail trading victims.

(5) Use of the Bonus Terms & Conditions criteria = RED ALERT DEFCON 1 = again, as been posted and emphasized repeatedly here in T2W - AVOID any binary options trading where Bonus Terms & Conditions are used! :!:

There is a systematic manner to profit in Eurostyle binary options trading:

(6) Learn to implement a Trading Plan that focuses on very strong and rapid price moves in the desired direction.

(7) Use higher time-frames for trend direction.

(8) Be willing to apply 2nd or 3rd or 4th re-entry signals.

(9) Avoid Bonus deposits!

(10) Maintain bi-weekly or monthly Closed Profit Sweeps. Train your binary options brokers to expect and anticipate your withdrawals on profits - so they cannot make up excuses.

I know there are tons of other binary options SCAMS out there - just this one is SO BLATANTLY fraudulent and tempting at the same time! :whistling

Eurostyle binary options trading is like the Wild Wild West! No rules, no regulations. Every trader and broker firm for themselves!

As always - do your due diligence!

Regards,

WklyOptions

PS - attached SCAM promo materials of "Options Robot" using "Guaranteed Insurance"

PPS - attached BeesOptions "Guaranteed Insurance" contract (Note also subject to 7 trading days & also to Bonus Terms & Conds)

 

[puthejunkhere]

Goptions

My name is Matt and I'm a simple family man looking to invest in something that will actually make my family some money. I've lost nearly $1000 with GOptions (trading a short term strategy that obviously didn't work) and now Daniel Gant (GOptions broker) is encouraging me to deposit $5,000 more and follow his instructions and I will make lots of money. It sounds fishy to me and smells of a to-good-to-be-true scheme but you all have had much more experience with binary options than I. Would you please please take a minute and give me your perspective on this. Would you do it if you were me? Would you do it if you were you? Thanks so much!

 

[Porkpie]

Stay away from half wit broker's advice. There is a reason why this Gant guy works in a brokerage and does not trade options for a living. They just want your commissions and don't care about whether you make any money at all. Why would you take trading advice from someone who is basically a salesman? Demo options until you develop your skill.
Now repeat after me: " DANIEL GANT BECAUSE DANIEL CAN'T"

 

[WklyOptions]

Trading binary options - realities, requirements, ideas...

My name is Matt and I'm a simple family man looking to invest in something that will actually make my family some money. I've lost nearly $1000 with GOptions (trading a short term strategy that obviously didn't work) and now Daniel Gant (GOptions broker) is encouraging me to deposit $5,000 more and follow his instructions and I will make lots of money. It sounds fishy to me and smells of a to-good-to-be-true scheme but you all have had much more experience with binary options than I. Would you please please take a minute and give me your perspective on this. Would you do it if you were me? Would you do it if you were you? Thanks so much!

Hello, puthejunkhere,

First of all, thank you for posting your Eurostyle binary option trading question here on this thread - and - thank you for your open honesty of your trading results thus far.

I think Porkpie is very accurate in his recommendation - stay AWAY from depositing more $$$ into GOptions on the basis of a broker's recommendations. This is even more sensible since you have not YET made any $$$ closed profits from trading binary options. :whistling

If I may - here are a few recommendations for you to consider as to whether you should be playing in the binary options game or not:

(1) Let's assume you now have $1000 USD to "trade" binary options in order to "actually make my family some money". Note that this MUST truly be trading capital that is allocated as true RISK CAPITAL - meaning you CAN AFFORD to lose it 100% and NOT adversely impact your family's lifestyle! :idea: :smart:

(2) Next you need to really create an "image" of your trading "self". To be specific:

a. How much time per day are you willing to commit to be in front of a trading platform to monitor and study and wait/stalk trading setups of low-risk nature?
b. What time(s) of the trading day can you CONSISTENTLY and with near 100% certainty that you can/will ENTER trading orders for Entry, Adjustments, Exits?

The questions on the reality of "time" commitments to trading are often under-estimated by retail traders. You must be willing to create a highly focused schedule to trade around - and that this fixed trading schedule must be repeatable and offers trading in the best, most liquid binary options assets.

c. What is the ideal trading "schedule" for your daily activities (job, family) vs trading activities? For example, with binary options trading - one of the BEST advantages is the "one and done" approach. After Entry - the trade is on auto-pilot until its Expiry. Some retail traders prefer to trade 1x per day for example where the End of Day expiry for a binary option asset is between 2000pm GMT and 2330pm GMT. Wait to see what the closing price action may be - and then place the trade Entry for the following day's expiry (End of Day expiry again). By this schedule, the retail home trader needs only to check/enter once per day.

If you actually do have several hours per day to sit in front of trading screens in a trading session (like London and/or NY sessions) - then you may be able to trade binary options more aggressively and use shorter-term expiry schedules like every 15- or 30- or 60 minutes expiry schedules.

I DO NOT recommend trading turbo binary options where the payouts are in the 65% to 70% payouts and using 30- or 60- or 120-second turbos! MOST binary brokers just want you to trade EVERY bar and use a martingale approach.

The proper approach to using binary options involve isolating higher time frame setups which clearly indicate large traders' bias and trade flow data! And then to focus down on lower time frame(s) to select low risk Entry setups - and finally select the proper Expiry schedule to capture the Dominant Trend moves.

FYI - I have attached a free ePDF called "Tracking Big Money Trends" for your study and review. At the very least - it will introduce you into the important concepts of (1) multiple time frame analysis, (2) identifying low-risk pull-back setup zones, (3) low-risk Entry trigger ideas, (4) and even suggest a basic approach to setting Stop-Loss and Profit targets.

Please take some time to download and read and review its contents! It is a short manual - but really contains tons of practical trading action items if properly focused upon by the reader! :smart:

(3) In addition - if you do NOT want to spend time stalking and waiting for trading setups, you can elect to participate/subscribe in binary options trading alert service(s). The best service(s) are NOT free! Too many retail traders look for the "free" winning systems, "free" winning alerts, etc.

I've already previously posted in the Home Trader thread/sub-forum on a few of the more established binary options trading alert services available for you to contact and perform Q&A, due diligence research.

The best and most profitable trading alert subscription services are NOT FREE! :whistling Focused high-performance trading alerts used by professional traders to isolate best-in-class low-risk trading setups are NOT cheap. However, top professionals use best technologies to automate repeatable trading tasks! :idea:

So be prepared to pay a monthly fee if you go the route of automation. And remember that - "a servant is worth his hire".

In closing - your LACK of binary options PROFITABILITY is not the result of GOptions directly. I know the GOptions platform is quite good - and its price fills at Expiry are accurate and fair (compared to BOSS Capital and Nadex fills). And its payouts of 75% to 85% on the more liquid forex pairs are favorable vs other binary options firms.

Most likely - you are really only 2 or 3 key trading "paradigms" away from being a profitable individual trader! So - try these action steps - and see how it can help you to turn a profit in binary options:

(4) Create a structured, fixed, consistent, repeatable, TIME/SCHEDULE to "work" as a trader - to trade, adjust, study, debrief, etc - on a consistent basis every day. Your trading skill grows in direct proportion to the actual TIME spent on Focused thinking, imaging, studying, in this trading business!

(5) Identify a true trading EDGE that fits your personality (for example, study enclosed free ePDF). Then also find a time-frame(s) to fit your time constraints.

(6) As Porkpie indicated - practice executing your Edge on a demo/virtual platform to remove execution errors, identify ambiguity issues on trading plans, flaws in betting schedules, etc.

(7) Once you can trade repeatedly and consistently for 20 closed demo trades and SHOW a demo profit result - then can consider trading live $$$.

(8) For live $$$ trading, again true RISK CAPITAL is 100% essential for your trading confidence and freedom to attack/exploit all trading Edges!

(9) Use a trading alert service(s) that can automate and isolate trading setups that FIT YOUR Trading Edge(s) directly. This will help free up your time from dealing with failed setups, failed trade stalking - all of which can really drain your focus and "mental capital".

(10) Do NOT give any more $$$ to GOptions broker(s) to trade "their" recommendations. You need to OWN your trading EDGES and OWN your trading setups! Then put in 100% focus and effort to accomplish (4) - (7) above. Then repeat and rinse. Then do more (4)-(7) but with live $$$ slowly starting with small bets.

Sorry for the lengthy reply here - but I believe many retail traders really DO NOT have a detailed and accurate reality-based image of what consistent profitable trading is really about.

99% of all individual traders who fail - do so b/c of a LACK of professional trading organized procedures, structured schedules, which lead to repeatable trading of Edges! :whistling Structure, more structure, more yet still...

You are 2-3 paradigms away from becoming profitable - but - you MUST take the time to focus, think, and evolve to implement these 2-3 paradigms to get to profitability! :idea:

The difference between consistent profitability and success - vs consistent disappointments and trading losses - is often as "fine as a razor's edge"! :whistling Find your "razor's edge" trading actions - and repeat it daily and with focus and energy!

Understand? Questions? Got it? Know what to do next steps?

I hope you received some answers, insights here. :idea: I wish you good luck on your next virtual demo trades! Do not hesitate to post your binary options trading results and questions here please. Thanks for your patience and attention!

Regards,

WklyOptions

 

[faith521]

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