Binary options Huge profit potential

[jweber01]

Hi Jim, I’ve been reading your rules of engagement" with great interest. Thanks for sharing. I am preparing myself (a complete newbie) to trade bull spreads with Nadex. I haven’t funded my account yet. Have you traded the bull spreads? Do you have any suggestions? I did take advantage of the Nadex demo account, but I can’t win many paper trades. I’ve been practicing the Forex, but am thinking I should change.

John

[bowlerjim]

Hi JOHN,
I have never used Nadex. Can you explain their platform to me?

Jim

[jweber01]

Hi Jim, I don’t think I could do a good job of articulating their system. They have demos on their website. I find the bull spread trade appealing because for a low budget, novice trader (me) it’s a system that is affordable. As I mentioned, I haven’t funded my account yet. Trying to build up some confidence by reading and watching webinars. So, please let me know what you think about about bull spreads. Don’t know if I’m allowed to publish links here. It’s just .com.
Regards, John

[bowlerjim]

Hi John,
I went to Nadex site and read their Bull Spreads platform. Very interesting. I think my system might apply but keep in mind that I use it because it is time based. When I enter a option there has to be a min of 12 and a max of 22 min. left on the contract and I only need to be right by one pip.
If you wait for a divergence on the 5 min chart then the system has a win rate of 93 %.
I hope this helps.
Jim

[jweber01]

Jim, I think your parameters would work perfectly. The contracts Nadex offers include 1 hour expiry times and I think you can enter a trade any time within the hour. There may be a deadline a few minutes before expiry.

Nadex has a lot of training videos on Youtube.

John

[bowlerjim]

John, This system was set up for Forex. I only trade options dealing with Forex. All I can say is try it on your demo account. Please keep me informed.
Jim

[jweber01]

Will do!

Thanks, John

[jweber01]

Hi Jim, I’m having trouble finding any charts with RSI rising while prices are in a downtrend, and vice versa. Could you steer me to a chart on the MT4 site that meets your criteria so I can visualize it?
Thanks, John

[jweber01]

Hi Pruised, I’m trying to grasp Bowlerjim’s strategy but I don’t inderstand his answer to your question:

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

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

I haven’t seen him on the forum lately to ask him.
John

[pipmeister25]

Just wanted to chime in here…I traded Binaries with Banc de Binary about 6 mo ago. It was ok but the only thing I do not like about Binaries is that to be successful with binaries you really have to be right more than 50% of the time in order to actually make money…If reg forex you can have a strategy that is less than 50% and still come out ahead…

Just my 2 pips worth

[jweber01]

Hi Pipmeister, I am planning on doing bull spreads on Nadex, so I am seeking strategies that could apply. On their demo platform I did so-so, considering I have no experience. They offer 1 hr. contracts that you can enter anytime. There is a deadline to enter, but it is very near expiry. Thanks for your input.
John

[dennis14685]

Hi Pipmeister, I am planning on doing bull spreads on Nadex, so I am seeking strategies that could apply. On their demo platform I did so-so, considering I have no experience. They offer 1 hr. contracts that you can enter anytime. There is a deadline to enter, but it is very near expiry. Thanks for your input.
John

There is a strategy that many traders use, instead of placing a option in the market, they wait for someone elses option to wake up before expiry, and scalp the move. Options and barriers (Huge ones) are published by oanda and reuters…Dave jefferson did a thread on the above

[Strife_Excel]

Hi Pipster,
The only broker I would suggest is “24 Options”. I use their platform to place the trades but I run MT4 at the same time so I know when to take a trade. I have set up a few indicators that I designed for Binary Option trading.
Go back and read “Rules of Engagement”. All the indicators are standard with special settings for trading options.
If you are that new to Forex, welcome. There is a lot to learn but it can be very rewarding just don’t fall for the hype that’s out there.
Any questions just ask. We are here to help each other.

Best regards
Jim

I heard most binary options are no good due to the fact that when you ask to withdraw from your account, it’s a hassle and they don’t give you your money. Has this happen to you with “24 Options?”

Sorry, I’m new to BabyPips so I’m soaking up as much knowledge as I can lol! :10:

[Pruised]

Hi All,

I haven’t posted on this forum for a while due to me moving away from BO’s because of me failing to make a steady income from it.

Thank you Jim for your detailed information on your stratedgy. I used it yesterdat and got 5/6 ITM, but today is a different day and Im losing ALOT.

When looking for set-ups i look for the following in order (please correct me if I am doing anything wrong):

-actknowledge the trend via the 15min chart
-look on the 5min chart for it to touch RSI 20 on an uptrend or RSI 80 on a downtrend.
-look on the 1min chart for the same (does it matter if the touch is 5 candles after or before? or does it have to touch relatively the same time).
-once all the above is acheived we then wait for MFI on the 1min chart to look asif it is going to rise from the 20 MFI area
-we then place the put/call on the opposite colour candle once the candle has closed

I hope this isnt correct due to me losing many trades from this.

regards Pruised

[NorwoodFX]

It’s impossible to predict market movements in such short timeframe. If you can, then I’d like to learn something new from you, gentlemen.

[kayragu]

Don’t know if anyone still looks at this thread.I have been using this system for close to 2 weeks and it honestly seems legit for times when the market is liquid.If anyone is still using this,we could compare notes see how we could perfect the probability of this.

[akintade]

hello smneos, i have been following this trend but just cant seat without saying something…let me give you something stupidly simple but mind you never force the market or you will blow out your hard earned mone
SMA: 10, 5
STOCH:14, 3, 3
RSI: 14
wait for the faster sma to cros the slower sma then your stoch and rsi confirming the direction
NEVER TAKE A TRADE MORE THAN 15 MIN…

All set up on 15m chart

[gordan21]

Hi…jim. has this been working?..a little confused about apex candle.do you have screen shots?

[candyman752]

hello smneos, i have been following this trend but just cant seat without saying something…let me give you something stupidly simple but mind you never force the market or you will blow out your hard earned mone
SMA: 10, 5
STOCH:14, 3, 3
RSI: 14
wait for the faster sma to cros the slower sma then your stoch and rsi confirming the direction
NEVER TAKE A TRADE MORE THAN 15 MIN…

All set up on 15m chart

Could you advise how to setup SMA or where to get the download to set it up

[TraderDT]

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

[I]Good (Technical Analysis) info from Jim. I use much of the above, including John Person’s[U] Pivot Point studies[/U] that are on the TOS platform. His PP shows the expected range of the day & gives buy & sell signals with his momentum indicators using pivot point moving averages. A trader who has a good working knowledge of TA can put the odds in his favor with B.O.
[/I]

In regards to an honest B.O. broker, [B]Nadex[/B] (U.S. based regulated exchange) is one of them. I’ve visited their offices here in Chicago. Great outfit. The only downside with Nadex, they don’t offer BO on stocks. With respect to Europe-based brokers, currently I’m happy with [B]GOption.[/B] They offer 10% refund on losing trades & they ‘guarantee’ same day withdrawals with no fees. No hassles yet.