willscolf:
am quoting u coz d newbies mite b misled by som of ur post.nd pls am nt tryin 2 bring u down on contrary i want u up dia.need i remind u dat woteva price action strategy u mite b using nw,d owner if he/she is honest enof wud neva tel u it's flawless.so my i jst nid u 2 admit dat tradin is neva simple bt by thorough studies nd research one can witstand it nd make money bt its neva simple period! Wen u say trading is simple it means u can nw beat d market whch no1 can unless u hav an order dat comprises abt 80% of d entire liquidity in d market whch u nd i dnt hav.i tink am done on dis mata 4 nw

sunwalk:
true... but d strategy was originally designed for an 80% payout broker 24option... I just added dat indicator myself. in all, no matter d payout... its d winning formula I employed and will still employ it always.

odimbannamdi:
@wilscoff and tabletgirl.

wilscoff why are u trying to discourage people out there. binary is easy if you know your onions. just because you are yet to find an effective strategy or "fully succeed" doesnt mean you will rubbish other people's opinion or label binary as difficult.

i have used indicators upon indicators, strqtegies upon strategies, but none is as effective as PA and Candlestick patterns. indicators work for a while afterwhich they milk you dry. but PA and CP works as long as market moves and it has a winrate of 75-85%.

wilscoff, i urge you to have a positive disposition towards things. even in the face of glaring impossibilities, tell yourself it is possible and easy and you will discover that it really is.

@tabletgirl, not only am i turned on by your trading prowess, i also admire your intelligence, especially the way you buttress your points.
please dont let anyone deter you. keep playing your game and heading to the top. but i really must advise you not to overtrade coz greed may begin to set in. besides, a seasoned trader once told me that brokers "watch" the account of traders that overtrade and win most of time.
i wish u all the best dearie

ariy:


this is my first time i will contribute on this thread.

@sunwalk, look at the indicators of the picture below if we can use it for this strategy

needinfo:
but there is still possibility that one can loose when they stake $20 for the third trade.what will now be the next course of action in such situation

fxstory:
in as much as i see points in what you said, there is need to orientate the newbies to make them understand that what they are going into is gambling and the way people painted it as easy is not not really as easy as they painted it.there is need to make the newbies not to feel lazzy by just hearing traders says it is simple, easy, sweet because it will pass another signal to the newbies and make them think it is as easy as ABC.later they will come here and start saying binary is all fake, lies, and so on because of the kind of orientation they got.let them know they need to learn it to find out how easy it it, not just listening to other traders saying it is easy or simple

sunwalk:
from what you see above.. I stressed the importance of stopping once u made 10 times ur stake. or u could reduce it. always target coming out with profit however small it might be

odimbannamdi:
sunwalk, what tf would be good for this strategy/calculation/indicator??

sunwalk:
I REALIZED THAT THE ema LOOKI-ALIKE INDICATOR SHOWS A BETTER RESULT IF TRADES ARE TAKEN FROM THE POINT OF CLOSING ABOVE THE INDICATOR FOR UPTREND AND BELOW IT FOR DOWN TREND.


@ARIY KINDLY ATTACH THE INDICATOR SO I CAN PERUSE MORE OR POST A FULL CHART SCREENSHOT OF GBPUSD SO I CAN PAPER TRADE IT.

@2SEXI IF YOU MISSED A SIGNAL, STAY AWAY TILL U CAPTURE ANOTHER SIGNAL. ALWAYS HAVE A GUIDING RULE WHEN TRADING

shalom123:

that bolded got me laughing...am sorry bro but just go online and look for the definition of FOREX and after that see binary as another version of it...maybe its long you looked up the meaning or something.

sunwalk:
from what you see above.. I stressed the importance of stopping once u made 10 times ur stake. or u could reduce it. always target coming out with profit however small it might be

fxstory:
bro, there is no need being myopic or bias or hiding the truth.fx, binary options is gambling.whether you trade like a pro, agreesively or any way, you are gambling in the market.you can't hide the truth.its the fact.

Tell me where the money you use for trading goes in the market if you lost a trade.will you get it back without trading in the market or not. Anything that has to do with chance of winning or loosing and money or something worth of value is attached to it is gambling.you can't recover 1million back if lost as a result of trading in the market whether pro or not.

The last incident that happened with the franc currency made some brokers to pack up and also some traders to loose heavily, did they expect such thing to happen and did the traders got their lost fund back.majority of the traders lost heavily and that lost can not be recovered if they don't trade again.most of them that lost were pro, this is where chances in fx has to come in.

regardless whether you are a pro or not, the price will not always go your way, that is chance/luck. As long as chances is also involve in fx/binary options, and something worth of value is attached to earn profit or loss at the end, it is gambling.

You are not trading to carry an empty award, you are trading to make money whether in the short run or long run and you can lost such money in the market whether you trade like a sniper or robot.no need hiding the truth.fx is gambling because you are betting in the market.don't be myopic to hide what is the fact.proof me wron and tell me one reason why fx is not gambling because i have given you some features of gambling which involves an atom of chances/luck and something worth of value attached to it.when you lost a trade, the opposite side earns from your lost, when you won a trade, the opposite side pays you.you can't tell me you trade without the hope of winning and generating profit whether in short run or long run,you will be deceiving yourself trying to convince yourself that fx is not gambling when it is clear and you can see it.

brokers will not give you back your money if you lost it in trading whether you trade professionaly or agreesively and that is gambling because you are betting in the market whether you see it as business or not, it is big time gambling.
and when i mean gambling, i don't mean just greedy traders because many traders are fond of calling those who lost heavily in the market gambler when they also know they are gambling too..whether greedy or disciplined as long as your analysis is not 100% correct because price don't always go your way, they are all gambling in the market.don't allow the word currency or forex trading to bling you.as long as there is an atom of chances/luck in the market and something worth of value is attached to it, you are gambling.give me your own reason why you think its not gambling to proof me wrong.if you can't then you are just being myopic and hiding the truth.go and read the definition of gambling/betting

omakay:



Your Epistle really gets me laughing back at your face.

Abeg, tell me which act of life is not a gamble.

In the financial markets, the word is not "GAMBLING", it is "SPECULATION"......

Maybe you should not even be trading in the first place if you cannot really tell yourself and the rest of us what exactly you are doing here.

And back to the aspect of gambling, Everybody gambles everyday.

Every act of life that has an OPTION is a GAMBLE.

fxstory:
guess you did not read the post of the person i quoted.if you did, then you wouldn't have said this.go and read and see why i made this.don't cover it up with the speculation word.its gambling financial or not.he was trying to hide the gambling psychology from fx/binary which is what i was against.so read through before you comment.what are you speculating, market goes up or down without anything worth of value attached to it with an atom of chances.i am glad you agreed to the fact of it being gambling(speculation) in as much as you cover it up with speculation.very funny

needinfo:
is it to be traded in a trending market alone or can be used on ranging market.also, when you said 10 times your stake, does it mean after making 10 trades or making 10 times of $5.don't really get you.also, if the indicator changes from red to blue, does it mean we should start trading rise and vice versa

fxstory:
bro, there is no need being myopic or bias or hiding the truth.fx, binary options is gambling.whether you trade like a pro, agreesively or any way, you are gambling in the market.you can't hide the truth.its the fact.

Tell me where the money you use for trading goes in the market if you lost a trade.will you get it back without trading in the market or not. Anything that has to do with chance of winning or loosing and money or something worth of value is attached to it is gambling.you can't recover 1million back if lost as a result of trading in the market whether pro or not.

The last incident that happened with the franc currency made some brokers to pack up and also some traders to loose heavily, did they expect such thing to happen and did the traders got their lost fund back.majority of the traders lost heavily and that lost can not be recovered if they don't trade again.most of them that lost were pro, this is where chances in fx has to come in.

regardless whether you are a pro or not, the price will not always go your way, that is chance/luck. As long as chances is also involve in fx/binary options, and something worth of value is attached to earn profit or loss at the end, it is gambling.

You are not trading to carry an empty award, you are trading to make money whether in the short run or long run and you can lost such money in the market whether you trade like a sniper or robot.no need hiding the truth.fx is gambling because you are betting in the market.don't be myopic to hide what is the fact.proof me wron and tell me one reason why fx is not gambling because i have given you some features of gambling which involves an atom of chances/luck and something worth of value attached to it.when you lost a trade, the opposite side earns from your lost, when you won a trade, the opposite side pays you.you can't tell me you trade without the hope of winning and generating profit whether in short run or long run,you will be deceiving yourself trying to convince yourself that fx is not gambling when it is clear and you can see it.

brokers will not give you back your money if you lost it in trading whether you trade professionaly or agreesively and that is gambling because you are betting in the market whether you see it as business or not, it is big time gambling.
and when i mean gambling, i don't mean just greedy traders because many traders are fond of calling those who lost heavily in the market gambler when they also know they are gambling too..whether greedy or disciplined as long as your analysis is not 100% correct because price don't always go your way, they are all gambling in the market.don't allow the word currency or forex trading to bling you.as long as there is an atom of chances/luck in the market and something worth of value is attached to it, you are gambling.give me your own reason why you think its not gambling to proof me wrong.if you can't then you are just being myopic and hiding the truth.go and read the definition of gambling/betting

fxstory:
bro, there is no need being myopic or bias or hiding the truth.fx, binary options is gambling.whether you trade like a pro, agreesively or any way, you are gambling in the market.you can't hide the truth.its the fact.

Tell me where the money you use for trading goes in the market if you lost a trade.will you get it back without trading in the market or not. Anything that has to do with chance of winning or loosing and money or something worth of value is attached to it is gambling.you can't recover 1million back if lost as a result of trading in the market whether pro or not.

The last incident that happened with the franc currency made some brokers to pack up and also some traders to loose heavily, did they expect such thing to happen and did the traders got their lost fund back.majority of the traders lost heavily and that lost can not be recovered if they don't trade again.most of them that lost were pro, this is where chances in fx has to come in.

regardless whether you are a pro or not, the price will not always go your way, that is chance/luck. As long as chances is also involve in fx/binary options, and something worth of value is attached to earn profit or loss at the end, it is gambling.

You are not trading to carry an empty award, you are trading to make money whether in the short run or long run and you can lost such money in the market whether you trade like a sniper or robot.no need hiding the truth.fx is gambling because you are betting in the market.don't be myopic to hide what is the fact.proof me wron and tell me one reason why fx is not gambling because i have given you some features of gambling which involves an atom of chances/luck and something worth of value attached to it.when you lost a trade, the opposite side earns from your lost, when you won a trade, the opposite side pays you.you can't tell me you trade without the hope of winning and generating profit whether in short run or long run,you will be deceiving yourself trying to convince yourself that fx is not gambling when it is clear and you can see it.

brokers will not give you back your money if you lost it in trading whether you trade professionaly or agreesively and that is gambling because you are betting in the market whether you see it as business or not, it is big time gambling.
and when i mean gambling, i don't mean just greedy traders because many traders are fond of calling those who lost heavily in the market gambler when they also know they are gambling too..whether greedy or disciplined as long as your analysis is not 100% correct because price don't always go your way, they are all gambling in the market.don't allow the word currency or forex trading to bling you.as long as there is an atom of chances/luck in the market and something worth of value is attached to it, you are gambling.give me your own reason why you think its not gambling to proof me wrong.if you can't then you are just being myopic and hiding the truth.go and read the definition of gambling/betting

sunwalk:


YOU LOOK LIKE A PESSIMIST!!

WHATS YOUR POINT WITH ALL THIS WRITE-UPS?

I BELIEVE AT SOME POINT IN TIME, SOME SEASONED TRADER WOULD TELL YOU TO BE A TRADER AND NOT A GAMBLER. DIFFERENCE BETWEEN THE DUO IS HOW THE PLACE THEIR BETS. BOTH ARE STAKING MONEY OUT OF SPECULATION. YES I SAID SPECULATION. ITS THE ATITTUDE EMPLOYED TOWARDS SUCH SPECULATIONS THAT DETERMINES IF ONE IS GAMBLING OR TRADING.

FROM WHAT I POSTED ABOVE AND THE ANALYSIS I USED, THATS WHAT IT MEANS TO BE A TRADER NOT A GAMBLER.

ALL THE SIGNALS ARE FROM SPECULATIONS WE HOPE TO ACHIEVE MERELY BY FOLLOWING THE INDICATORS. EVEN PRICE ACTION IS BUILT ON SPECULATIONS.

SO, YOUR SYSTEM OF STAKING BASED ON SPECULATION IS EITHER SUMERISED AS GAMBLING OR TRADING.


ABEG LEAVE MATTER JOOR, DONT BE SUCH A PESSIMIST. IT SEEMS TO ME THAT YOU HAVENT MADE A DECENT BENJI FROM EITHER BINARY OPTION OR FOREX, OTHERWISE YOU WOULDNT WAIT THREAD SPACES LAMBASTING PEOPLE WHO ARE TRYING TO LAYOUT TRADING GUIDELINES TO NOOBS SO AS TO AVOID TRADING MISTAKES OTHERWISE KNOWN AS GAMBLING

SO STOP ALL THESE, AND POST (DON'T DIRECT TOWARDS) POSSIBLE SOLUTION.


PEACE!!!

odimbannamdi:



my brother, i totally agree with wyou. forex ad binary, irrespective of the form it has taken, is gambling and has risk attached to it. but looking at it objectively, every business out there is a gamble. whether it is buying and selling or offering a service, as long as u do not have a total guarantee of success and there is risk/gain attached which in this case is you losing your capital or making profit.
finally, it is your disposition towards the business that determines if it is a gamble or not

sunwalk:


YOU LOOK LIKE A PESSIMIST!!

WHATS YOUR POINT WITH ALL THIS WRITE-UPS?

I BELIEVE AT SOME POINT IN TIME, SOME SEASONED TRADER WOULD TELL YOU TO BE A TRADER AND NOT A GAMBLER. DIFFERENCE BETWEEN THE DUO IS HOW THE PLACE THEIR BETS. BOTH ARE STAKING MONEY OUT OF SPECULATION. YES I SAID SPECULATION. ITS THE ATITTUDE EMPLOYED TOWARDS SUCH SPECULATIONS THAT DETERMINES IF ONE IS GAMBLING OR TRADING.

FROM WHAT I POSTED ABOVE AND THE ANALYSIS I USED, THATS WHAT IT MEANS TO BE A TRADER NOT A GAMBLER.

ALL THE SIGNALS ARE FROM SPECULATIONS WE HOPE TO ACHIEVE MERELY BY FOLLOWING THE INDICATORS. EVEN PRICE ACTION IS BUILT ON SPECULATIONS.

SO, YOUR SYSTEM OF STAKING BASED ON SPECULATION IS EITHER SUMERISED AS GAMBLING OR TRADING.


ABEG LEAVE MATTER JOOR, DONT BE SUCH A PESSIMIST. IT SEEMS TO ME THAT YOU HAVENT MADE A DECENT BENJI FROM EITHER BINARY OPTION OR FOREX, OTHERWISE YOU WOULDNT WAIT THREAD SPACES LAMBASTING PEOPLE WHO ARE TRYING TO LAYOUT TRADING GUIDELINES TO NOOBS SO AS TO AVOID TRADING MISTAKES OTHERWISE KNOWN AS GAMBLING

SO STOP ALL THESE, AND POST (DON'T DIRECT TOWARDS) POSSIBLE SOLUTION.


PEACE!!!

tabletgirl:
(Sorry guys, this is a loooong one)

Hi guys,

Please just a little contribution to this thread. The key things that hurt equity (your trading capital) is greed and jumping from strategy to strategy.

I trade Rise and Fall. First of all, the problem is not Binary.com. If you have used them well, you will discover that NO MATTER how low the time frame is, usually, one payout will be over 100% and the other sometimes as low as 45%. Why? This is based on the direction of price using the average of the time frame you are using. From my studies, if the most recent direction (candlestick) of that time frame (average) has been going down, the lower payout will be based on the fact that it will begin to go up. Higher percentages are given when you are predicting that the market will continue in that direction. Hope its clear? Most of my trades are over 100% payout. I just won one with 109% payout. To be honest, i dont think i have ever hard 109% that's why i am mentioning it. Usually, i get 105%, 106%, 101%, 102% etc. Rarely i get 98% and sometimes 99%

So how can you achieve this? Price Action. PLEASE dont ignore this. It can change your life!! I martingale on every loss but i dont have to do too much martingaling. I will post a screenshot of 7 consecutive wins i just took this morning. First for the day was a loss, the next 7 were winning trades. How did i discover this? You can laugh but i believe it was God. I put in work studying the charts...i can study till 2am. Almost every single night after a hard day at work, i pull out my laptop and study and analyse till i get sick of seeing candles, yet next day i am back at it. It is a principle of the Bible that when you sow you will reap. Let me stop here and give you the specifics.

People on this thread talk of a certain man's price action book, i have never seen it at all. I also hear it will take so long to read. Its a worthy investment, but if you want to start right away, just go online and see what DIFFERENT candlestick analysis sites say about different candlesticks. I say DIFFERENT because one might say something without enough information. Take these patterns one after the other and look for them on your chart(previously formed patterns using your selected timeframe of choice), spend at least 3 days on ONLY one pattern so you can be well grounded in it before you leave it. Try and spend at least 3 hours a day studying and looking for these patterns on the charts. Most importantly study what happens AFTER the pattern is found on the chart. Take a pen and paper (keep a journal like me) and write down how many times it went the way it should and the way it should not have. Check the time it went bad (low volatility? news?) and get the percentage wins over one previous week (i call it manual back testing). This is a lot of work but the rewards will be enjoyed for a long time. Do the same for all patterns. Someone said in a previous post that applying the patterns is where the problem is, but comparing with the chart as you study will make the application process easier.

After your analysis and study period, check the percentage win rate for each backtested candlestick pattern(you can google how to check percentage if you dont know how to or have forgotten) and decide which candlesticks will be the best to use for your trades. I think its best to stick to a few effective ones so as not to get confused in trading signals.

It feels great to be able to trade charts without any indicator and come out green. Please, STOP chasing strategies. If you are tall and light skinned and carry a backpack everyday on your way to work, if someone sees you from a distance along that route one day, they can almost safely predict it is you before you come close. That is Price Action. Its the Pattern of what Price does / looks like and the best strategy for trading.

Sorry for this long post. I apologise. Please, my fellow brothers and sisters take this advice. I safely average about 20 wins daily. sometimes more, sometimes slightly less but usually within 3-5 hours. Trying to get several wins a day is not for everybody, you can take two or three trades and be done for the day. Wishing you all more greens and God's grace to make it.

P.S: Also, note that some patterns may work well for some currencies, not so well for some and abysmally for others e.g CHF, NZD pairs
Shalom

I can't call myself a guru o, not by a long shot. But...it gets better. By the way, the timing of some of my trades may be off, no be my fault na Binary. I'm not selling natin. Hmmm, i think its shows the time you refresh your profit page or something. I dont refresh after each trade so can't really say. Cheers y'all


Sorry guys, removed my screen shots for reasons best known to me and Binary
Phew!! okay i was just being paranoid. My Payouts just reduced anyhow but back to normal now. Come to think of it it happens sometimes. Thought they are watching us with 3D glasses on NL. Still, keeping my screenshot at home abeg. Paranoia or not

tabletgirl:
LOL. I don hear. Tell that to my 10 Trades with 7 wins within one hour this early in the day. Bro, Let me break it down. Candlestick patterns tell tales of confluences too, so i don't need to keep drawing 10 support lines where there are none Once again, i'll repeat: candlestick patterns tell stories of resistance, support, starting trends, full swing trends, weakening trends.... So i trade when it tells me to. Do what works for you, just don't say something does not work when you don't even know what it is Bro. Yes, i know d direction of most candles by looking at the previous one's pattern. Not always o (with my strategy 70% of the time is good enough). But i can tell the above described scenarios...starting trends, weakening, full swing etc. Repeat again, Trading is simpler than we all think maybe thats why we have not all started making millions yet. God help us. Have a green day y'all

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