Don't hesitate to pass or wait for a better position i. Draw in new lines on a daily basis at major pivot points. Plus a manually drawn horizontal lines forex pair alert sound indicator is included with this package.
The current system is solid enough with a simple glance left when necessary. There are also times when the 30m, 1 hr, 4 hr, and daily, and even weekly chart should be referenced for reason for a 1m chart breakout. However taking too long to analyze can also lead to missing the bounce so it can be a bit tricky.
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Practice and more practice is needed to master the movement :. Also major news releases like NFP high impact news can tend to lead to breakouts that can even reach 4th or more candle past RSI break so be careful and switch to Large or XL profile for those.
Avoid a put right above a major support level or call right below a resistance level. To be more cautious you can avoid trading right after news releases.
Relax, yet focus, and enjoy! Often the speed and momentum will give cues on direction. But NOT always.
It is only one piece of the puzzle for successful indicator program for binary options. When the lines are pointing up and the wicks are pointing down pass on a put signal. See example below. There are times even while targeting 5 minutes trades that you want to opt for a 60 second trade after receiving the signal.
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For example when a resistance level is broken with momentum up a put becomes risky especially for a 5 minutes trade. Conversely if they are at low levels a continuation of momentum is likely with wicks often giving cues as to direction for the next candle.
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Each chart indication must be checked against other factors. See the diagrams below. Here's a classic example of a deep ITM 60 sec and loss 5m: 20 Stay "cool" and stick with the system. Don't get upset when you lose and make rash trades which cause you to lose more.
Avoid Spot Option platforms and those with confirmation required. If you analyze the set ups on the chart you can raise your win rate even higher.
As you can see below the low RSI level triggered the signal but the upper band was nearing a touch for a drop down with the trend indicator program for binary options.
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If it ended up a loss, a the most efficient options trading re-entry on a 5 minute or 60 seconds trade at the bottom band would have done the trick. After 2nd candle if RSI is peaked and price opens lower for a put you can enter. If not wait for 3rd candle.
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Wait for at or right before candle expiry for entry: 24 Avoid having more than 2 open trades at a time. When you have many open trades, especially 60 second trades and you are Out of The Money on all of them it gets too hectic and stressful to try and recover all of them at once so you will end up missing out on one or two recovery trades.
Therefore it is better if you can recover one or two pairs at once only. See diagram below: 26 Patience When there are no signals for some time you may be tempted to change the profile from Medium to Sm Ranging etc. From experience, while you will get more signals and could possibly earn more this is riskier and you may run into a re-entry snag.
Therefore the quality over quantity game is suggested. From experience if you forget then quickly put in another trade with the larger amount as 1st entry and lose you will find yourself in a stressful situation.