Day Trading Binary Options

Thank you for the explanation… I was just trading Tadawul and lost :frowning: … do you advise not to trade those things? The price hits so low so I thought it will retrace very clear … but it continued to go down!

Hi Denham & Guys , great thread you got going !
Ill jump in with you if thats okay and post my results and some Binary info , I`m a technical trader in Binary and have traded the news previously…with some mixed results :slight_smile:

on your USD News trade Alert for Tuesday will you be trading GBP/USD ?

I wouldn’t say i don’t advise to trade them [B]stocks[/B], but if you have not [B]strategy[/B] and you are just looking at the chart and because it has gone down by quite a large amount you decided to purchase that is not strategy just [B]financial [/B]suicide. The thing is with [B]binary options[/B] is if you do not have a strategy and you are just picking out [B]stocks[/B] or [B]currencies[/B] and trading them because the chart has dipped you are going to loose all your money.

I started this thread for that exact reason to teach people not to trade like this, the sole reason is if you make a bad decision you are going to loose 100% of the capital you invested, and if you win you will make up to 86%, this meaning the house is going to eventually win, strategy and discipline is key to making bank.

Great to have you on board Rossioli,

i’m sure everyone will love to have your input on the thread and teach everyone some new [B]skills[/B] and if they are no good im sure they will have some criticism as well.

Look forward to your ideas

HAPPY TRADING

DENHAM

“The trouble with most of us is that we’d rather be ruined by praise than saved by criticism.”

I look forward to being saved , thank`s for the welcome Denham, Good luck to all this week Grabbing Pips !

Yes,
Welcome to all the new Guys,
I’m waiting for their input, to continue my ‘Binary’ learning curve!
Lets all be ITM this week

DP

Morning All,

Keeping a close eye on the markets today without trading, ready for trading Core Retail Sales in the US tomorrow.

I think we could see a rise on the Dow today with China Data.

Is anybody else trading today?

Morning , I`m not trading the news today but something to watch out for regarding China data tmrw.

High impact news on Tuesday 06:30 GMT: CNY {Chinese Yuan} tends to affect the AUD & NZD currency pairs volatility
quite dramatically.

I presume as Australia & New Zealand trades a lot with China !!!

I cant say how or which way tmrws news will affect these currency pairs as I have never traded this news release due to the time {sleeping} I had only noticed there was always a big movement at these news releases.

We can monitor this over the coming weeks and maybe find a good companion to the GBP/USD trades you have been taking !!

Yes this extra trade will be interesting, not something i have day traded with binary options before but always willing to try new things.

I guess for most people in the west it is just the time difference and if people are willing to set there alarms to trade and make some extra cash.

Not trading today. Don’t like the news. I’m gonna watch the AUD with the home loans and home price news. Just for fun. That will be at 8:30 PM here in Texas.

Same here texas going to sit back and watch what goes on, wont be trading Aussie as i don’t fancy waking up at 2:30 in the morning.

fingers on the pulse for tomorrow though.

TRADE ALERT: Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

TRADE: GBP/USD
TIME: 1:30 LONDON GMT
AMOUNT: $1000
OPTION EXECUTION TIME: 15 MINUTES

For all traders that are following along with this time day trading binary options it is key that we trade for a period of 15 minutes rather than 30 minutes due to the fact that at 13:55 London GMT another report will be released.

The Johnson Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. By dollar value, the Index represents over 80% of the equivalent ‘official’ retail sales series collected and published by the US Department of Commerce.
A higher than expected reading should be taken as positive/bullish for the USD , while a lower than expected reading should be taken as negative/bearish for the USD.

Previously we placed a trade on the US reports similar to this for a period of 30 minutes and 5 minutes prior to the trade closing the trade was going in the right direction and we was all IN THE MONEY, then a report was released in the US 5 minutes before close of trade which had an affect on the direction the GBP/USD. This caused our trades to close OUT OF THE MONEY so we do not want to make the same mistake again.

HAPPY TRADING QUESTIONS WELCOME

Hi DenhamTrader. Thanks for you all of your useful information. I usually trade technical but am trying out these news reports as they come. This is probably a newbie question but where do you go to view news? I used forexfactory calendar but it hadnt updated and I could see the GBPUSD price rocketing up on the screen alongside, so i knew that other people had seen it. Also i struggled to get in as the price kept changing, but this was on my demo account, on my live account I might have been alright. If you cant get in do you just walk away first time? Thanks for your advice

Looking good with 5 mins to go :


:smiley: Cacchhing ITM , nice one Denham , great info on the 15min trade , historical info is a great tool good job !

Another winner today $750 profit day trading binary options with the push of a button and some common sense.

So the results in the US were extremely poor making this an easy trade, having patients and waiting for the perfect trade is key to success.


here we can see poor results in the US means the GBP will strengthen.

TRADE: GBP/USD
AMOUNT: $1000
PROFIT: 75%
BROKER: BINARY KINGS
TRADED VIA: BINARY KINGS APP


Once again traders are telling me they were un able to get in on time, this could be due to the market moving to fast for a price to execute, it could also mean that your brokers platform is to slow to execute which is no good and costing you money.

I am using this one so i was able to get in straight away http://https://itunes.apple.com/ph/app/binary-kings/id848372526?mt=8

How did everyone else get on.

Hi Dan,

Great to have you on board,

you are the second person to mention about Forex Factory and the calendar not up to speed i use Binary Kings economic calendar http://https://www.binarykings.co.uk/education-center/economic-calendar

If you are struggling to get in i highly recommend trading via an app as the execution is faster http://https://itunes.apple.com/ph/app/binary-kings/id848372526?mt=8 this is what i use, if you can not get in and the price has changed by a dramatic amount then i would recommend walking away as you may get in when it peaks and profit taking could mean the market will move in the opposite direction.

Glad i could make you some money again, its a shame there are so many people out there paying for signals when they could come here and get them absolutely free.

$$$$$$$$$

Thanks! will have a look. I won the demo trade anyway. Got in about 1.30 and 30 seconds GMT.

Also, dare i ask if that is your aventador?!

Fortunately that is my Aventador and unfortunately it did not come easy, the goal now though is to make enough to get a Veyron, Plenty more trading to do before that day comes though.