Hi there,
I have calculations that let me draw support and resistance lines, and using candlestick charts, I can usually predict when there will be a bear and when there will be a bull…usually. I have not traded binaries with real money just yet using this system, but looking at past signals, there have been what I would call anomalies. What looked like a closing bull trade that hit a resistance line should have produced a bear trade, the next trade ended up being another bull. Is this normal? I’m actually new to this and have followed a training system to help, but observing these certain signals that don’t seem to follow the “rules” has me confused as to whether I’m truly reading the charts correctly.
Another point of confusion is one of the support lines seems to fluctuate with the pivot line. Is this normal too? If so, then how am I able to know if a bull hits the resistance level or a bear hits the support in order to predict the next signal if it keeps moving?
Study elliot wave theory n chart patterns. It helps me a lot to check when the bull or bear will ended. Use fibo to.
Binary options are a scam!
uuuuummmm, try saying that to my friend who pulls in 10-20k a month using different strategies.
The markets are not set in stone. You WILL be wrong sometimes, especially when starting. All you can do is study up and manage your risk