# Binary Options Strike Price

## 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.

## Strike Prices

welcome to the nadex binary optionsMasters Series during this brief tutorial tutorial we'll bediscussing the strike prices and taking a look at whatthe various strike prices can mean for someone trading on Nadex binary options each market Nadex offers such as equity indices commodities currencies each underlyingmarket has multiple binary time frames as well as multiplestrike prices

within each time frame the multiple strike prices allow traders tofinetune riskreward ratios based on what theybelieve the market will do so let's take a look at we could call a binary options chain in this casewe're looking at the US five hundred and we can see that we have multiple strike prices within all thedifferent bids and offers so let's just take a look how this wouldview

on a chart as a visualization so youhere we have the underlying market we can see thatthe price has been moving back and forth and overlaid on top of this chart or thevarious binary strike prices from 11' at the very bottom up to 1175 strike at the very top currently themarket's trading slightly over 1154 and we can see if welook towards the middle of the screen there

the bid offer of 50 5450 so there are multiple strikes to choosefrom depending on what we believe the marketwill do we believe that the market's going up we could buy any of the strike prices at the offer so 9350 all the way up to four dollars now what wewant to look at is the probability

it will be up to you and your analysisto really determine which straight you're gonna choose but if we look just at the chain here wecould choose the very highest to buy the 11 75 strike we could buy that at four dollarshowever the probability or what the market views as the probability of thathappening is very low or we could buy all the way at the bottom had 9350 inthis case the probability

of that event happening is substantiallyhigher however we have a much different risk to rewardratio if we're buying at 9350 we have a much greater potential risk then wehave reward conversely if we think the market is going togo down we could sell at the bid any of these binary strikeprices again though if we believe the market's gonnago down we could sell