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FOR THIS STRATEGY, WE ARE FIRST GOING TO LOOK AT WHAT RESISTANCE AND SUPPORT REALLY MEANS IN BINARY OPTION AND HOW TO DETERMINE A GOOD SUPPORT AS WELL AS TAKING VALUABLE TRADES USING THIS SUPPORT AND RESISTANCE TO OUR OWN ADVANTAGE.

Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears (the red candles going down) and selling. Demand is synonymous with bullish, bulls (green candles going up) and buying. As demand increases, prices advance (goes up) and as supply increases, prices decline (goes down).


WHAT IS SUPPORT ?

Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic is that as the price declines (when the candle stick in your chart tends to go down-decrease in the value of the asset you want to trade on) towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.

Support does not always hold and a break below support signals that the bears (supply) have won out over the bulls (Demand). A decline below support indicates a new willingness to sell and/or a lack of incentive to buy. When support breaks, this signals that sellers have reduced their expectations and are willing sell at even lower prices. In addition, buyers could not be coerced into buying until prices declined below support. Once support is broken, another support level will have to be established at a lower level.

WHERE CAN WE SET OUR SUPPORT ?

Support is usually at the bottom of the current or initial price level and a good support can be set at the lowest position where we find out that the price of a particular assets has touched more than once and reversed back in the opposite direction.

LET US TAKE A LOOK AT THE SCREEN SHOT BELOW FOR A CLEARER PICTURE OF WHAT WE'RE TALKING ABOUT

AT least $50 start up capital is okay if you're patient enough

papuchudo:
Making money as an information marketer is the way to go and like you said amazon is the real deal with the largest online bookstore, but in cashing and getting a piece of that amazon cash cake. Traffic and marketing to you book is where the work is. Do you have any marketing or traffic tricks to send to your kindle books . Both free and paid .thanks

yeah, traffic is an important part of advertising on Amazon. there are different ways of drawing traffic you can get that by paying a service, you can search Google for such service, but i never used the service and i never stressed myself about getting traffic to my products

ollybode:
hi makson70, wonderful work you are doing here. I have one question for u. what time frame do you use to do ur analysis and whats expiry.
secondly, Iq option do manipulate their platform, I say this base on my own personal experience, cos I once open an account with them sometime back. I observed that forex option is active on their platform on Saturday which suppose not to be,as no brokers trade on Saturday. I wonder why their own is difference. Thanks for your good work

Good day, as for time frame, you need to chose a suitable time frame for yourself, and it depends on the strategy you make use of. you cant basically make use of only one time frame. i make use of 5, 10, 15, and even 2mins to watch my assets. Expiary also depends on the view at which you look at your chart and the kind of strategy you make use of. the expiry time you would take for a reversal signal is different from the expiry you would take when following candle stick pattern. so it all depends on what leads to the trade.

For Been active on saturday for IQ-option, this is one of the reasons why they are one of the best out there, only few brokers gives their traders the opportunity to trade during the week ends. and transactions are done between traders and the broker without going public. it's just an avenue to make more money while other traders are sleeping or resting.

I hope this helps>>>

johnnobles:
Please bro, hint us about support and resistance and the concepts of breakout, thanks in advance my oga.u are too much

Wow, i almost forgot about that, that's a very important part of japanese candle stick, i'll lecture about that tomorrow. thanks Bro for the reminder

Elizadath:
Makson7 thanks a lot. Are you in Lagos?

Good day, yeah i'm currently in Lagos

Sammypeters:
Dear Makson Sir, I have been on NL since 2011, I can say this is one of the most sensible and legit thread I ve followed.

God bless you.

I understand your lectures to a good extent but I will contact you for one on one training. Thanks, Jah bless.

thanks, it's my plesyre, i'll be expecting your call for the one on one training

john1982:
weldone makson, please give me your watsap number here

No wat's app currently, you can contact me on 08131876569

johnnobles:
I was equally surprised at maksons comment on a second thought I think he mistook you for agoraRoad., for me u were only making things easier for both maksons and fola. Don't be offended bro

Hey guys i'm sorry, it was a kind of misunderstanding

donifez:
I just opened a demo account now, the candlestick strategy is easy for me to understand. The problem is the last lesson, i don't understand it. Thanks.

try to check the screen shots properly, if you still don't understand, you should apply for a One on one training. call 08131876569 thanks

WeirdHero:
Oga makson70 I must commend your effort. But I honestly don't understand what u mean by I shud created my own thread, am an ardent follower and av learnt a lot alrdy from u. Fola was having prbms when to put/call trade using the indicators u explained. I simply asked him to read thru carefully on what u wrote earlier to understand when and how to use the indicators u mentioned, den with more practice he wud get better. So where did I go wrong?

Very sorry, kind of a misunderstanding. it would'nt happen again, i'm sorry

WeirdHero:
READ THRU D PASSAGE... THOSE INDCATORS MARK WHEN TO EITHER CALL A TRADE OR PUT TRADE. THEY ARE OTHERWISE SIGNS U LOOK OUT FOR WHEN U WANT TO CALL OR PUT TRADE TO AVOID ARBITRARY GUESS WORK. HE SPECIFIED IN DETAILS HOW TO USE THOSE INDICATORS. MORE PRACTICE WOUND RATHER MAKE U BETTER.

What's the meaning of this naw, you guys should have to creat your trend, please you're not doing something right

GOOD DAY EVERYONE, I HOPE THIS IS SELF EXPLANATORY, THE WAY I EXPLAINED EVERYTHING, AND UNDERSTANDABLE?

WELL I'LL BE TAKING A BREAK NOW. FOR THOSE WHO HAVE ONE OR TWO QUESTIONS, FEEL FREE TO DROP THEM, AND I'LL REPLY YOU.

I'LL CONTINUE TOMORROW....

"A LITTLE REMINDER"
DON'T FORGET THAT THERE IS A ONE ON ONE TRAINING OPEN TO EVERYONE, YOU REALLY NEED TO GET THIS THING RIGHT AND START MAKING YOUR COOL CASH $$$..

From the screen shot above, we can see a practical example of how to make use of this strategy.

At 1, the green candle crossed the upper Bollinger band and at 1B, the stochastic crossed the %80 line so we get our confirmation from the next candle, once we see that the next candle is forming a red, we go for a put trade for let’s say 7mins.

The same process is for 3 and 3B.

For 2, the red candle crossed the lower Bollinger band, and at 2B the stochastic crossed the %80 line so we get our confirmation from the next candle.

Once we see that the candle forming is green, we go for our 5-10min call trade.

Now we can see how our chart would look like, the lines above is the Bollinger Band while the one at the bottom is the stochastic oscillators.

Below is a screen shot to tell us when to take a call trade or a put trade.

The screen shot above shows you how to set up the indicators for this strategy, click on 1 which is indicators then click on 2 which is the stochastic oscillators on the next page. Click on apply the default settings are ok. Then click on 3 which is the Bollinger band, the settings are also ok so just click on apply. You would see you chart become like the screen shot below.

THAT'S THE FIRST STRATEGY, LET'S MOVE ON TO THE SECOND STRATEGY

The 5 Minute Stochastic Oscillator and Bollinger Bands Strategy

One of the most powerful and successful trading strategies that has been shared would be the 5 minute strategy for binary options trading composed by James that relies on the heavy implementation of the Stochastic Oscillator and Bollinger Bands technical indicators.
select one or more currency pairs as your targeted assets of choice along with set your time frame to a period of 5, 15 or 30 minutes.

One of the best advantages about this trading strategy would be that it can be used on more than one time frame, allowing more investing opportunities for investors looking to place more than only a few investments per day. Next, you will need to add your Stochastic Oscillator and Bollinger Band indicator into your charting solution and one of the nice advantages here would be that you don’t need to customize any of the settings associated with these two technical indicators. In addition, all expiry times that we use in regards to this strategy should be set to an expiry time consisting of 5 to 10 minutes.

There are two possible trading signals that can be generated with this reversal 5 minute strategy and they signal for either a CALL or PUT investment. In order for a 5 minute CALL investment to be signaled, we need to make sure two conditions are met prior to entering our investment. The first condition that must be met would be that we need a bearish candle to cross our lower Bollinger Band indicator, while the second condition would be that our Stochastic Oscillator must read a value below 20. To place a 5 minute PUT investment, we need two conditions to be met where the first condition would be that we need a bullish candle to across above our upper Bollinger Band indicator, while our second condition would be that we need our Stochastic Oscillator to read a present value above 80. If both conditions are met in regards to this trading strategy you have the green light to place your investment.

Below are the screen shots to implement this strategy……………….

From the screen shot above we can clearly see when to take a call trade and a put trade with this 10 minutes strategy

From the above screen shot, we can see everything well explained, the blue line is the SMA line at period of 3 while the red line is the one at a period of 10 so when the blue line cross the red line in any direction, we place a trade in that same direction.

Let’s take a look at a screen shot of this example below………..

From the above screen shot, we can see how to apply the indicators for this strategy. Click 1 then click 2 (just read the short note on the screen shot and you’ll get it, it’s easy).
Let’s see how our chart is going to look like when we implement these indicators

Let’s try and learn some few trading strategies in addition with what we have learnt in order for us to develop a concrete assurance when we want to trade.


BINARY OPTION TRADING STRATEGY

Out there in the binary option world, there are more than 100 strategies but only few are real, legit and would produce a large number of ITM’s usually between 75-100% ITM’s if properly made used of alongside with patience.
Here I’m going to teach two legit trading strategies that can produce up to 75% ITM’S if properly followed. Just read carefully for understanding.

The 10 Minute Simple Moving Average (SMA) Strategy for Binary Options

Binary option investors who utilize The 10 Minute trading strategies for binary options by Tim Lanoue can expect an average success rate ranging from 75 to 80% depending on market conditions. One imperative note to keep in mind in regards to this trading strategy would be that it should only be applied during the New York trading session (8am-9pm).
You will need to change the time frame of the chart to a period of 10 minutes and to select one or more currency pairs to use as your targeted asset. Once you have selected a currency pair and changed the time frame to a period of 10 minutes, you will need to add two simple moving average indicators with one set to a period of 3 while the other set to a period of 10.
Now that you have all the preliminary work completed, we can move onward to the signal implementation of this 10 minute strategy which is extremely simplistic. Our simple moving average indicator that is set to a period of 3 is our trading signal line and whenever this simple moving average crosses with our simple moving average indicator that is set to a period of 10, we go ahead and place an investment in the same direction as the cross. So if our simple moving average of 3 crosses our simple moving average 10 in an upward direction, then we place a 5 to 10 minute CALL investment, while on the other hand, if it crosses in a downward direction, then we place a 5 to 10 minute PUT investment.

The screen shot below would show you how to set up this strategy, just take a look at them below.

GOOD MORNING ALL I'M COMING UP WITH MY NEXT POST NOW, STAY UPDATED

chibaik:
Makson I call upon you again to make this thread lively. If you are waiting for everyone to follow, you can't move to anywhere.

Forget many who frequent here, at the end only a few are serious traders. Give us what you want to give us. Let others come and read it up.

Cool, but i'm waiting for followers, the serious ones would follow

igidaduro:
Pls which is better, i options or binary . Com if you have ever used the 2 pls kindly share and state reason. Thanks

well i prefer IQ-Option to Binary.com, because of the following reason, Much better trading interface, it is clearer, it is much more advanced unlike Binary.com that looks so childish, trades are executed faster, it is properly regulated and licensed. Most times, i feel my money is safer on my IQ-option account than in Binary.com so you can see why IQ-option is better.

samplegirl:
@Makson70 is it safe to say your strategy is only pure candle reading?

Lol, That's not even a strategy, it's a natural phenomenon and only the traders that know's these things would take huge advantage of it. it Really helps a lot, it can help verify singnls and Even all those strategies out there.

So for any trade you place, understanding the candle stick can help you double check before placing your trade

kinxlink:
kudos sir

Please, how can I put candle stick instead of bar chart on my chart.... May God bless you sir.

check the first screen shot i posted today, on the bottom left hand side

From the above screen shot, i have explained all we just discussed on candle stick patterns and even without a strategy, we can start making serious money from this. I know you’re still learning and trying to understand why i said that, don’t worry, i would explain the above screen shot to you so you would understand clearly.


EXPLANATION OF THE ABOVE SCREEN SHOT


From the above screen shot, we can see from the bottom left hand side that i specified 5 minutes time interval, This simply means that we are looking at our chart and candle sticks from a 5 minutes interval that is it takes 5 minutes for one candle stick to form (I.E 5mins for one candle stick to open and close before another candle start forming). So each candle stick forms within 5 mins. And you can also change the time interval to any time that suites you.

From the screen shot, you would find a label 1, that’s a perfect example of a Doji candle and that Doji candle is standing next to a long Green candle or Bullish candle. The Doji there means that there is weakness among the Bulls or Demand (I.E weakness in the green candle) so there is a possibility that the Bears or supply (Red candle going down) is going to take over the market for some time. For confirmation, when we see that a red candle starts forming after the Doji, we really know that the market is going down (I.E supply is high).

And remember that it’s a five minutes interval view, so we can take a put trade for 10mins expiry time. That is two to three candles are going to form in the downward direction. From the screen shot above, a put trade for number 1 is going to end in a win.

From the screen shot above, the label 2 shows a good example of a spinning top and it was formed after a short up-trend. This means that there is weakness in the green candle or up-trend and there’s going to be a down trend or red candles coming next. So for confirmation, wait for a red candles to start forming and then place a put trade for 10mins. From the screen shot for label 2, a put trade would have been a win.


From the screen shot above, the label 3 also shows a good example of a spinning top and it is formed after a long red candle, it shows that we should be ready for the market to go up, formation of green candles. Now we get a confirmation by waiting for the next candle to form and when it forms green, we go for a 10min call trade and of course that’s a win

From label 4 above, we also see a spinning top candle formed after a long red candle, this is just like the previous signal. And we go for a 10min call trade after the confirmation.

PLEASE NOTE;

the reason why we made use of 10min expiry time is because we are looking at our chart from a 5min interval. We can as well choose 2mins interval of 10 or 15min, it’s our choice. The expiry time should be one and half or twice the time interval we view our chart and candle stick.


So with what we’ve just learnt, you can see that we just got 4 straight ITM’s (WIN’s) and you can practice this yourself and become an expat at it. With these, you are sure to make huge sum of money weekly or monthly.

From the above lectures on candle stick, let’s take a look at a screen shot from our IQ-option to get a clearer picture of what we just discussed especially on the important candle pattern.

HOPE YOU’RE ENJOYING THE GREAT KNOWLEDGE YOU GETTING NOW ON BINARY OPTION TRADING? HOLD TIGHT, THERE'S MORE COMING......