How To Use Support And Resistance Lines When Trading Binary Options
Hi there.I am often asked in the comments how to determine the point of entry into the Martingale strategy.Today I'll show you how to use support and resistance levels in Binary options. We set the chart for 15minute or 5minutetimeframe. We use the Line tool and find the level of resistance by the tops of the candles. We find the level of support by the lowestlevels of the chart in the same way. And now we watch for the chart to reach orbreak through one of the levels â€“ in this case we are betting in the opposite direction.Let's open 4 windows with different positions
â€“ it will be much faster in this way. Wedo the same thing in all the windows. Here we see the first touching of the level,and I bet $10 in the opposite direction. And in the meantime, we watch the other positions.Here we see touching of the support level on eurodollar Position. We bet $10. Great, our first two bets have triggered.Levels must be rearranged from time to time. And we wait for the next touching of the level. And here again we see the resistance levelbroken through, and we bet $10 for a fall. You should wait until either a touching ora breakthrough. We see that our bet does not
win, so I prepare $30 in advance and againbet for a fall using a Martingale strategy. I hope you know the table of bets; if youdon't, I will write in the description below the tutorial. Here we see the breakthrough and bet $10.And according to the Martingale strategy, we bet $180 as our bid didn't trigger.Now euro dollar lost and we bet 30 for a rise. Pound dollar â€“ bet 30 for a fall.Now, bet 180 on the euro dollar. And now all of our three bets have won, weare just waiting for eurodollar. We are waiting for our bet of $180 to triggerWell, we lose the 180 bet, and then we bet
440, and I think that this bet will triggerfor sure. Now we see that the chart is back and we'llwin our bets. Here you can see my bets for the entire period.If you liked the tutorial, put likes, share with friends, subscribe to my RSS feed.
How to Use Fibonacci Levels in Binary Options Trading
Hello, This is Daniel Grady withBinary Option Strategy,and today we're going to talk about Fibonacci retracement levels. Fibonacci or fib levels are important to tradersbecause they help identify support and resistance levels. We already talked about how thoselevels are an essential part of trading. You need complex math to calcluate fib levels,but what we are interested in is how they can help you improve your trading. Learninghow to use fib levels is pretty easy and quite helpful to binary options traders.
They are based on the fibonacci sequence whichis closely tied with the Golden Rule or Golden Ratio. They are very popular among traders;and because they are so popular, they almost become selffulfilling prophecies. So, for example, if a fib level shows thatthe market should start going down at a certain point; then when the market reaches that level,traders will start to sell and it will go down. gt;How to trade fib levelslt; A fib level will usually have a lot of tradingstrength, and typically shows a place where
the market will make a strong move. There are two ways to trade a fib level withbinary opions. The first is trading the bounce. With a lotof orders concentrated around a fib level, it's a good opportunity for the market tochange direction. What you want to do is wait until the market reaches the level and waitfor the next two candles to close. If they fail to push through the level, you can thentrade a market reversal. The second trading opion is a breakthough.Sometimes the market move is strong enough to overcome the fib level, and this meansit will likely continue in the direction it's
going for quite a while. To trade this situation,you wait until the market closes one solid candle below the market. Then you can tradethe strong trend that comes afterward. You want to avoid trading while the marketis near a fib level, because it can move strongly in one direction or the other. It's best towait until the direction is determined and then trade accordingly. How do you know where a fib level isé Well,it's a little complicated to figure it out because tehre is a lot of math involved, butyou can find them online. Probably the easiest way to find out the fib levels for the day,are in our daily market watch articles and
tutorials, which are easy to find on the BinaryOptionStrategy home page. And that's it for the basics on fib levels.Thanks for watching and happy trading!.