33 binary option trading 123 60 seconds

Here I am again folks, looking to wipe the dust away from an old, classic price action strategy and bring it to you with the good, the bad and the ways we can adapt it for Binary Options trading.

Let me tell you, in the days this strategy was born, marketing and trading did not go hand in hand and not everybody tried to sell you a strategy telling you that it uses a magic formula that also helped man to reach the Moon, invent hot water or other nonsense like that, hence the minimalistic name. This strategy is mainly a reversal one and the 1 — 2 — 3 Down will appear after an uptrend or at least after a move up.

Conversely, the Up pattern will appear after a downtrend or at least a move down. When trying to identify reversals, we can get burned easily if we were wrong and it turns out to be just a retracement. Something that can keep a newbie away from this strategy is the fact that they can get easily confused by the 1 — 2 — 3 highs and lows, at least in the early period of using the strategy, but trust me, after a while, all the pieces of the puzzle will fall into place and things will be a lot clearer.

It is mainly referred to as a reversal strategy, but it can also be used in line with the trend.

Ok, now look at Picture 2 and notice how the highs and lows are numbered in the newly formed downtrend and how many Put opportunities we had, all successful. Most important, all the trades were taken with the trend. Also, we are protected by a bad trade: First, you need to use proper charting software and set up an almost naked chart because we are interested in price swings, not some lagging indicator.

I am going to explain a 1 — 2 — 3 Down pattern, but keep in mind that all the rules also apply for an Up pattern, reversed of course. After an uptrend or at least a strong move up, we must look for the 1 — 2 — 3 pattern to form, starting of course with the first peak 1. Now a counter move will begin and we will mark the bottom of that move with 2. At the moment we have an uptrend and a retracement that just ended and price started to move up.

If this new move up will surpass our initial point 1, all bets are off, like I said and we go drink our beverage of choice while we wait for another setup.

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If the new move up does not surpass point 1 and starts turning down, we will mark the highest point of this 33 binary option trading 123 60 seconds move up with 3. Now our pattern is complete, but there is still a very important rule that we have to follow: If that happens, all our conditions are met, we enter the trade by selecting Put and again, stock market last ten years graph go drink our favorite beverage.

The outcome of the trade is out of our hands now, but at least we know the strategy was followed as it should.

All I can say is that the 1 — 2 — 3 strategy has a big probability of becoming our personal ATM if used correctly, as per rules described in the first paragraph and it also keeps us out of some bad trades. But sometimes the market moves so hectic that all our strategies are messed up and for some reason, they all fail.

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Click here forex peace army forex striker more information or ask our experts for more details on the forum. Testing it on demo is definitely the way to go, but also try to visually identify the pattern by checking past data on your charts.

And join the discussion on the forum if you want to know more I answer questions faster there. Hi Titus, I answered you question on our Forum as I felt it needed a more detailed explanation.

You can find it here: Being hungry for information and willing to work hard is the best strategy for a beginner. Oh, and just using demo accounts until he is confident enough and consistently profitable on demo. Join our Forums because I think you will learn a lot there.

Hi there, thanks for the strategy- Just wondering what other confirmations we could use to filter out the false signals. I think Divergence may work well with this. William, Divergence is one of my favorite tools and yes, you can use it for confirmation, although divergence will probably appear at point 3 so before our trigger. Join our forums and we can keep talking about that.

Bogdan thanks a million times, intact u re one in a million. I count myself lucky to have found this site. Hi Guys, I am a little western union money transfer fees within philippines with this pattern, you need to work out the time it took for the asset to get from point 1 to point 2 For example say 2hours then how long it took to get from point 2 to point 3, say 1hour.

The difference between the 2, is 1hour. Therefore, your expiry is 1hour. For question regarding brokers — Please use our Forums. Hylton Glass on BigOption.

Banc De Binary StockPair VIPBinary Bloombex Options I'm Trading Binary Options That's my first day! For more than a year now Years Less than 1 year About a Month View Results.

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