Binary options Huge profit potential

The Lobby
1

Hey everyone,
Every time I have needed help with my forex trading you have come through. So now I will hit you with a new question. I am getting into trading binary options through the nadex and was curious if anyone had any experience or a system that i could use to get signals and trade. Thanks
Joe

2

Hey everyone,
Every time I have needed help with my forex trading you have come through. So now I will hit you with a new question. I am getting into trading binary options through the nadex and was curious if anyone had any experience or a system that i could use to get signals and trade. Thanks
Joe

Hi Joe;
indicators & rules are
1. always trade with the trend as seen on the 15 min chart.
2. buy or sell on the dips.
3. RSI set up : period 7 and levels are 78 to 22 apply to close.
4. MFI set up : period 9 and levels are 80 to 20
5. 50, 100, 200, and 350 moving avg which helps to show trend.
6. use 15, 5, and 1 min charts.
7. never take a trade with more than 22 min or less than 10 min. left in option.
8. note all support and res. levels.

Rules of engagement:
 If trend is going up wait till RSI is touching 20 level on 5 min. chart.
 Wait till you see RSI on 1 min. chart touch at least once ( better to touch twice)
 Look for RSI divergence on 1 min. chart. This is a lock.
 Look for MFI on a rise.

I have been in the forex market for 12 years and just started looking at binary options. After having been with 3 differant brokers I can tell you finding an honest broker is the hardest thing. It seems that when you start winning their rules will change. They advertise no spread but if you win alot they put a 35 pip spread or they freeze their platform till the price ends up in their favor.
I had a demo account starting with $500.00 and in three days went to $7500.00. I opened a live account with $100.00 and in two days went to $750.00. I tried to withdraw $150.00, to test the waters, & they wouldn’t let me even though they advertise “withdraw any amount up to your balance”. They then placed a 35 pip spread on any trade I try to place. Then another 15 pips on market price as soon as I place the trade. They advertise “no spread”. I’m still waiting for customer service to resolve this problem but, I somehow think my $100.00 investment is gone.
If you find an honest binary broker, please let me know.

Trade what you see;
Jim

4

We use NADEX which is the North American Derivatives Exchange. It is an online platform and so far they seem legit. The only rule is you can not withdraw your money for 14 days. I believe it is under the same regulations as the stock market or the Chicago Board of Exchange.

5

Also MFI money flow index? and are the moving averages Exponential, smoothed, or simple? Thanks

6

Yes, money flow index is used as a conformation as to direction. The moving averages are simple and applied to open.

I checked out Nadex and from what I see this is a daily binary only. This would not work with my system of trading on 30 min. contracts.

7

Apologies for jumping but I read many threads about binaries as I am a very keen trader of them, to hedge longer dated positions and really for a quick profit on the back of market moving news.

I have to say that I have used NADEX, nothing bad to say about them as they provide a great service.

I happen to use PYXmarkets though and they are second to none. Free demo account as it may take you some time to get used to actually building and executing your own binary… non of this 85% or buy long at 60 so you are effectively risking 60 to make 40… This is just a pure binaries platform and UK regulated as well.

8

Hey Jim,

Thank you very much for these helpful tips. they’ve helped me a great deal.

Could you please list the rules of engagement if selling at a downard trend?

9

The same rules are used for buying or selling except for levels on RSI. Exchange 80 for 20 and follow same.

indicators & rules are

  1. always trade with the trend as seen on the 15 min chart.
  2. buy or sell on the dips.
  3. RSI set up : period 7 and levels are 78 to 22 apply to close.
  4. MFI set up : period 9 and levels are 80 to 20
  5. 50, 100, 200, and 350 moving avg which helps to show trend.
  6. use 15, 5, and 1 min charts.
  7. never take a trade with more than 22 min or less than 10 min. left in option.
  8. note all support and res. levels before you trade.

Rules of engagement:
If trend is going down wait till RSI is touching 80 level on 5 min. chart.
Wait till you see RSI on 1 min. chart touch at least once ( better to touch twice)
Look for RSI divergence on 1 min. chart within 7 - 10 min. of first touch. This is a lock.
Look for MFI to go lower.
Follow these rules and take your time. Remember it is better to miss a good trade than take a bad one.

indicators & rules are

  1. always trade with the trend as seen on the 15 min chart.
  2. buy or sell on the dips.
  3. RSI set up : period 7 and levels are 78 to 22 apply to close.
  4. MFI set up : period 9 and levels are 80 to 20
  5. 50, 100, 200, and 350 moving avg which helps to show trend.
  6. use 15, 5, and 1 min charts.
  7. never take a trade with more than 22 min or less than 10 min. left in option.
  8. note all support and res. levels.

Rules of engagement:
If trend is going up wait till RSI is touching 20 level on 5 min. chart.
Wait till you see RSI on 1 min. chart touch at least once ( better to touch twice)
Look for RSI divergence on 1 min. chart. This is a lock.
Look for MFI on a rise.

10

thank you very much mate. much appretiated.

11

One more question, do you mean MFi touching 80 on 5 min chart because on RSI they is 22 and 78

12

It is not that important that MFI touch 80 or 20. Mfi just confirms direction or the soon to be direction of market price on 1 min. chart.

13

Hi Jim,

  1. May I know how you can make $750 within 2 days? Is it you trade multiple currency pair or the system you apply have a lot of entry opportunity within a day?

  2. When 15m (trend) and 5m (touch level) charts already confirm, is it we just [B]ENTER[/B] the trade when the RSI on 1 min chart show divergence and the MFI pointing the correct direction?

samneos

14

Hi Samneos;
1) Starting with $100.00, my money management system is 20% of equity per trade till equity hits $350.00. Then 15% till equity hits $650.00. Then 10% till equity hits %1200.00 and 8% till equity hits $2000.00 and 5% till equity hits $3500.00. There are a lot of opportunities across the pairs your broker will allow trades on during the day.
Only one trade at a time. This is a very aggressive money management system and I don’t suggest you use it but this is what I use.

  1. The 15m chart is only used to detect trend. It does not have to touch RSI lines. The 5m chart does have to touch and the 1m chart is where you look for RSI divergence to enter trade. The divergence should be 4 to 10 candles on the 1m chart. I do not take the trade when it is more than 10 candles past first touch.
    One of my rules is (it is better to miss a good trade than take a bad one.) It is always important to mark lines of support and resistance in higher time frames as well as large whole numbers in market price. Example: EUR/USD 1.2700 is more likely to be hit than 1.2687. Traders will gravitate market price towards the whole numbers and look to retrace about 8 to 20 pips past that number.
If you go to your MT4 platform on the weekend, when the market is closed, and open any currency pair 5m chart, you can see all the candles where RSI has touched. Mark with a vertical line then go to 1m chart, find vertical line and adjust the line till it is on the apex candle. Look for the divergence.   
 
This system is good for about 25 min to 35 min of trading and fits into the time frame on the option contracts I trade.

Trade what you see and with the trend.
I hope this helps you.
Jim S.

15

Hi Jim,

Thanks for your explanation. May I know you are trading 1 hour or 30 min options? Can you provide some screen shot on [B]enter trade condition[/B] for better understanding.

I already trade binary options for some time and try a lot of strategy or system out there but still can not get the consistent win result. I hope you can provide me any information regarding your system to help me perform well. Your effort is much appreciate.

Thanks

16

Hi Samneos,
The time frame of the option does not matter. What does matter is how much time is left in the option. I never take a trade that will last more than 23 min. or less than 10 min.
You don’t need me to provide you with screen shots of when to enter a trade. REREAD

If you go to your MT4 platform on the weekend, when the market is closed, and open any currency pair 5m chart, you can see all the candles where RSI has touched. Mark with a vertical line then go to 1m chart, find vertical line and adjust the line till it is on the apex candle. Look for RSI divergence.

This system is good for about 25 min to 35 min of trading and fits into the time frame on the option contracts I trade.

Do you understand what a RSI divergence is?
This is a very simple system yet it is running at 92% success rate.
I use a indicator called ZigZag. It draws a line from apex of candle to apex of candle. It will help you.
One more rule to add to your list. Never take a trade on the lead candle. This is a little hard to explain but I will try. You see a trade setup, RSI touched 20 on 5 min and 1 min charts, you are now waiting for divergence. 4 to 10 candles later on the 1 min chart, RSI is retouched at or near 20. RSI is now higher than it was at the last touch but market price is lower. You now wait for that candle to close and take the next candle to enter you trade as close to the apex of the last candle.
Now that the weekend is here, go to your MT4 platform and look for the trade setups that you could have taken. When the market is closed is the best time to hone your system of trading.
Best of luck
Jim S.

17

Hi Jim,

Can I have a chat with you mybe through skype?

samneos

18

Hi Jim,

Below is my steps for entering the trade base on the understanding of your system. Please do a correction if any false.

  1. confirm the trend on 15m chart ( let assume downtrend )
  2. go to 5m chart and wait for RSI to touch level 80. Mark with a vertical line.
  3. go to 1m chart and wait for the apex candle to form ( show by zigzag )
  4. adjust the vertical line to apex candle and wait for the RSI divergence
  5. enter the trade after the divergence and make sure the MFI is pointing down

samneos

19

Hi Samneos,
That is what you do when the market is closed to look back in the history of the market and see the trades and the RSI divergence. You don’t need to place a vertical line when the market is open.

I don’t have Skype.
Jim

20

Samneos,

 Are you in USA?  If so what time zone. I do have Magic Jack and can call or we can IM on Facebook.

Here is the corrected version.

1) confirm the trend on 15m chart ( let assume downtrend )

  1. go to 5m chart and wait for RSI to touch level 80.

  2. go to 1m chart and wait for the apex candle to form ( show by zigzag )

  3. wait for the RSI divergence to form. 3 to 10 candles from the last apex candle.

  4. enter the trade after the divergence and make sure the MFI is pointing down or lower than apex.

    Things to keep in mind: Take note of lines of support and res. in the higher time frames.
    Take note on the 100 and 200 bar moving agv in the 5min and 1 hour charts. use as line os res.
    Take you time and wait but try to enter as close to the top of the highest candle. Rember it is better to miss a good trade than take a bad one.

Jim

22

Hi Jim

I live in Malaysia. I only have skype.

  1. How about if the divergence do not form after the 10 candle from the last apex? Is it we go back to 5m chart and wait for the next touch or continue to find the divergence on 1m chart?

  2. Refer to the step 4 above, is it the RSI [B]must[/B] touch the 80 level (downtrend) when form the divergence?

samneos