bowlerjim:
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 Jim:
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
I’m curious to find out have you found a ‘honest’ & reputable binary option broker since you last wrote this post? If you have, please share. I’m very interested in trading binary options on stocks. Unfortunately, Nadex (my preferred choice) doesn’t offer individual stocks. I will join them for forex, but I want to trade stocks using binary options, preferably from a U.S. based company, if such a company exists here in the states.