In this post, Dr.Graph takes you to know how to trade binary option of EURCHF using professional tools instead of the trade terminal provided by your broker. First visit TradingView.com and login with your existing facebook account. Then call up EURCHF with a 1 minute time frame. Then call up a custom indicator "Forex Insight Pro 5.0". This custom indicator will help you compare the closing prices of a group of 5 consecutive bars with its function CC(5,9) and will automatically draw CC(5,9) support and CC(5,9) resistance lines for you. These line will surprisingly be respected by the price actions. Then go to your binary option trading terminal and set option expiry to 2-3 minutes (each broker will have their different expiry choices for customers). The amount of investment should be set to 1% - 3% of the account balance to be considered a good money management because you will not be afraid to have losing entries which are not avoidable. After setting the trade terminal, wait patiently for the price actions to come to the CC(5,9) support or CC(5,9) resistance lines and react to it accordingly.
In the above graph of EURCHF M1, The price action came down to hit the light blue CC(5,9) support line. It stalled there a little and passed down below the support line. A few bars later, the price action went up to test the light blue line again. This time, there was a selling pressure pushed the price to close below the light blue line (price rejection down). This is the point where the reversal downward started. You can then place a PUT entry for 2-3 minute expiry on your trading terminal and get "In The Money" a few minutes later. You then wait more until the price action went up to test the light blue CC(5,9) support line again. The similar steps had been repeated as last time with a price rejection down after the price had touched the light blue line. You then placed a PUT with 2-3 minute expiry on the trading terminal and had a winning entry once again. Your job is to keep entering the trade only with the good reactions of the price and the CC(5,9) support and resistance lines generated by TradingView + Forex Insight Pro 5.0.
Traders who are interested in Forex Insight Pro 5.0 please contact Dr.Graph at [ m.me/nimit.chomnawang ]. The FIP5 can be rent at 10 USD per month or purchased with a lifetime free upgrade for 100 USD.
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