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.
Binary Options Indicator Best Binary Indicators For MT4
Binary Options Indicator From Investoo Hello, traders. Welcome to Binary OptionsStrategy. In this tutorial I'm going to be back testing the Binary Option Indicator broughtto you by Investoo . Remember that if you want to profit from this indicator, all youneed to do is upgrade your membership to a premium membership at Investoo . Now, let's jump to the MT4 platform and let'sback test the signals for scalpers on the 1 and 5minute chart, day traders on the 15and 1hour chart, and for swing traders on the 4hour chart and daily charts.
Now, here's my MT4 platform. As you can see,I already have plugged in the binary indicator in all my charts. I'm going to show you myindicator list, so you can see that I am, in fact, using the Binary Option Indicatorfrom Investoo , okayé Now, this is the onehour EuroUS dollar andthe oneminute AussieCanadian dollar. Okay, now let's start with the Aussie dollarCanadiandollar oneminute chart and let's go through the signals. Now, in this chart we have three signals.As you can see here, the first signal comes when this leg up ends and the down move starts.The signal comes at the beginning of this
candle, so our entry point should be around98.946. If we are trading off the oneminute chart, we want to trade the fiveminute expirationoption. If we can count five candles, one, two, three, four, five candles, the expirationtime is 98.92 which is lower than our entry price. This put option expires inthemoney. Now, here we have at the end of this downmove, and after we base at this support zone, another signal. In this case, this signalto buy call options and as you can see we have the signal at this candle and our entrylevel should be 98.83 and one, two, three, four, five candles later our exit level is98.83 which is higher than our entry point.
This option also expires inthemoney. Right here, we have a third signal, in thiscase, this is a signal to buy our put options and our entry level should be around 98.89,and one, two, three, four, five candles later our option expires well inthemoney. Let's go to the fiveminute US dollarCanadiandollar chart. As you can see here, we have three signals. The first signal comes whenthis flag formation breaks and our entry levels should be around 113.29. If we are tradingoff the 5minute chart, we want to use between the 15 and the 30 minute expiration option.
In this case, whether we used a 15 or 30 minuteexpiration option, you can see that this put option expires inthemoney because afterour entry or after our signal, we never go above the entry level. Now again, after themove down, we get a signal to buy call options. The signal comes at the 113.03 level. If wecount 6 candles for a 30minute expiration option, one, two, three, four, five, six candles,our closing level should be around 113.08 which is higher than our entry level. Thiscall option also expires inthemoney. Right here, we have another signal to buyput options. The entry price is at the beginning of this bullish candle at around 113.11. Ifyou count six candles, one, two, three, four,
five, six candles, this option expires outofthemoney.If we choose to trade the 15minute expiration option, this option will have expired inthemoney,one, two, three. Since we were trading the 30minute expirationoption on both this put option and this call option, we are going to be trading the 30minuteexpiration option on this put option. This option expires outofthemoney, but thisis fine because we have two winners and one loser on the fiveminute chart. We're goingto back test it now on the 15minute chart, EuroUS dollar. Now the first signal comes at this resistancezone and our entry level is exactly at 126.68.
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