Sunday, February 18, 2018

Trading binary option by knowing what the market makers do.



Binary option trading considerations
s15 chart with sma5, sma50, rsi14, 1min expiry

- Draw sr zones defining order-collecting area (rsi14 hangs out between 30%-70%).
- Wait for breaking out of the order-collecting area into stop-order contract-hunting area
- One trade opportunity is at the breakout and pullback to sma5 near the breaking sr-zone.
- The contract hunting will move along sma5 support.
- Failure of sma5 support marks an onset of the long lasting profit taking area guided by both sma5 and sma50.
- Many trade opportunities are available at the pullback to sma5, sma50 or other sr levels during the profit taking phase.

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