Sep 30, 2013

Would the Government Really Get Shut Down?

I think this may be one reason why the EUR/USD flew up so high in the morning trades today. Obama got up and said he is "not opposed to a government shutdown". That could mean anything though. To be honest, there is no way they are shutting down the freeken U.S. government. All they are trying to do is put the American public on their toes.

The Pump and Dump Forex Pattern

Right now I don't have a ton of time to get a picture up here, but this is one of the major factors that binary option traders have to be aware of. It is when you get huge spikes that are max climax bullish over a very short amount of time. It is similar to what screwed me up in my trades today. You can see I was trying to scale in puts, but it took me a little while to get to the right top. Once that big top was hit, the price came down, but not fully.

Trade Small and Go with the Trend (For New Option Traders)

Many traders have always said the trend is your friend. The highest level professional traders use combinations of everything to make their entries and that means using the trend as well as picking reversal points or places where they believe not much volatility will happen at all.

Scaling into Put Options as E/U Sky Rockets +$600

There are a few things that went into my first trade this morning. The price action was giving me some good indications that the EUR/USD was hitting some resistance. Over night and on the European market open the price did a V formation where it sold off about 20 pips and the recovered those pips right back so it gave some perspective to what the capable movement was.

Sep 29, 2013

Sunday Evening Forex Trading with Binary Options +$334

The forex markets are soon to open in about 30 minutes. Right now I am looking at the EUR/USD and it seems to have some strength at the current pricing levels because of support levels. My bias is going to be on the up-side to start out this evening and I am looking to start out today with $200 of risk and see where it can take my balance.

Real Results of Chuck (Just Started Trading a Month Ago)

Alright, I thought one very helpful tool for other binary option traders that are just starting out is to see another person who has just recently started. His name is Chuck and he has been part of our trading group for about a month now. He started off making a lot in his first week ever, but then blew a couple of balances. Ever since that, he has gotten himself some good money management strategies and is making daily profits fairly consistently.

Sep 28, 2013

Trading Signals for Week of Sept. 29, 2013 +$152

Alright, there are so many people that want trading signals that it is crazy. They crave a well educated trader giving them a direction so they can trade it. Obviously this could be meaningless if I were to just be guessing so here is what I am going to do. I already have a weekly trading signal page, but on top of that the plan is to have a new set of signals with explanations and testing of these signals with binary options trading positions. I will be using a demo account to do this and the results will be tracked for 6 to 12 months on the main signal page linked to in this paragraph.

What Happens When Bad Ideas Meet Entrepreneur Genious

Well....we get bad products that people believe are good. I am not talking about anything specific. Sometimes the drive to make money overrides what a business is actually doing to people in this world. The psychology of business owners will almost always push to justify what they are doing as something good so that they can keep themselves motivated to grow.

Sep 27, 2013

Big Put High/Low Option to Finish the Week

I had lost $25 in mini account again so just said to heck with the whole thing and am going big with my main trading platform account. Was looking at the EUR/USD and it looked like a high/low put binary option would serve me best so that is what I did. My risk was $500, which results in a total return of about $900 or $400 profit.

Sep 26, 2013

Knowing When A Forex Pair Looks Weak

When I opened up my charts this morning the first thing I saw was the EUR/USD had a pretty big sell off on the European market open. It had broken down through the pivot point and in the past couple hours it made 2 defined highs/lows that were about half the range of the big drop.

Sep 25, 2013

Trend Trading and How to Pick Proper Expiry Times

When you are in the middle of a binary options trading day, some things that are important to know are long and short-term trends. In general, a trend can be though of as up or down. Down means the prices consistently make lower highs and lower lows over a set time frame. Up means the underlying asset is making consistent higher highs and lower highs.

Day 4 of Binary Option Competition - Nadex Loses

Well this was a tough day. I was long AUD/USD over night on Nadex and lost that. Then I went ahead and lost another trade short AUD/USD on the 11 AM expiry. That is it for me. I am no longer trading on that platform for the near future. It has just lost me money and I can't take the negative energy/stress from trying to implement a trading strategy with it. My plan is to just withdrawal the rest and stay on the platform that has been good for me personally. I can't setup good risk management with the Nadex platform. Until a really good strategy comes my way, that is it for me.

Fibonacci Chart Analysis Tips

If you are trying to trade binary options, one important factor in allowing you to make the right decision about price direction is fibonacci analysis. The most common form is called Fibonacci clusters. It is a highly used technical analysis tool of many professional traders.

Sep 24, 2013

Day 3 of Trading Battle Between Binary Option Platforms

What is up and welcome to day 3 of the binary options trading competition. I am profitable so far, but have only been on 1 platform. It was a rough start as I was stuck in the middle. The issue was all the small low risk, but low chance of profit positions. On Nadex, it's easy to slowly eat up your profits if you are trying to go for far out-of-the-money trades and hoping the price moves in your favor enough to have something good happen.

Sep 23, 2013

Day 2 of Binary Option Battle - Starting off Up $100

This morning was intense. I was looking at a boundary setup on Nadex with the EUR/USD. Binary options are one of the great tools for setting up boundary trades, but there is always risk. My bottom was 1.3501 and a top of 1.03511. I needed the price to go beyond the top or below the bottom for a net profit. What I did was be a scared cat though. I got too caught up in the possible loss and closed both positions with a loss of around $35. However, my profit did come with the 3rd trade when I sold the USD/CAD to 10 AM expiry.

Sep 22, 2013

Binary Option Platform Profit Battle - Day 1

What is going on! This is the first night of my profit battle between binary option platforms. It's a simple goal and if things go well, it will be something that is done every week. I want to keep track of my total weekly profit/loss between Nadex and my top binary option platform (RBOptions). The end goal for this is to help me focus on getting daily profits instead of trying to make a ton of money all in one day. It is also good for others to compare binary options platforms.

Sep 20, 2013

Profiting on the Witching Hour

Well, my day with trading binary options had started great, but then went down the tubes for a little bit. I was down to my last hour of trading on the last day of the week. This is called the witching hour because traders are really trying to get their profits before the day is over. It's even more intense in the U.S. markets on Friday because people hate going into the weekend with a loss.

Trading Ranges

Good morning! It is 10:36 AM est and I am working on trying to trade the USD/JPY range right now. I am using binary options to take advantage of the chart pattern that came up. My time frame was 15 minutes and the price was in a tight range of 10m bars. I waited for the price to get to the higher end of this range and did a high/low put with $125 of risk.

Sep 19, 2013

How To Recover From a Big Loss Trading Options

This is where the amateur trader separates from the professional. When you have a very bad trading day and you just can't time the markets right, a big loss might hit you when trading binary options. There is only way way to remedy that problem and it is not by tilting. You have to be calm and get away from the trading desk for a day.

Sep 18, 2013

Fed Tapering and Forex Trading Ideas

Well, today at 2 PM est the Federal Reserve is going to let us all know the plans for tapering QE unlimited. In my opinion, they should have never done it. Right now, they are pumping over 85 billion a month into bonds. It has made the economy go up for no reason other than this. The plan was for it to help investors get into the market and boost everything.

Working on the 50/50 Binary Option Strategy - $213.30

I was doing a little bit of thinking and some of the readers were commenting on my martingale setup within Nadex. It's basically designed to help put the odds in your favor, but it requires a lot of risk. The theory is that any lot that you can get for just around $50, which means the price is at-the-money, has a 50/50 shot of expiry with a $50 profit or a $50 loss.

Sep 17, 2013

Still Going Small to Build Value and Trading Skill - $215

I took some time to let the forex market develop this morning. I finally saw a good opportunity on the EUR/USD by 9:50 AM est. It was breaking lower with some great price action. In order to take advantage of this market move, I went ahead and had a put binary option on the currency pair. It sold off below 1.3340 and I closed the position with a $15 gain.

Sep 16, 2013

Trading to Build Confidence - $30 Profit + Large Trade Late in Day

It is early this morning and I have just closed out my 3 contract short position on the EUR/JPY. The strike was at 132.00. In order for me to minimize my risk, I exited the position early. This was purely done to avoid anything crazy happening in the last 4 minutes until expiry. Trading binary options is probably more about risk management rather than anything else.

Sep 15, 2013

Getting Warmed Up for the Forex Open - Start Small - $440 Profit

Alright, it was a great weekend even though the Browns lost again. There is about 9 minutes left until the markets open so I will be watching the charts for an entry. I decided that for me it takes some time to get warmed up no matter what I do. Instead of jumping in with no perspective, I am going to work on a $100 profit on the open with some high/low options.

Hot to Avoid Trading Stress and Anxiety

Someone on the outside might see traders as rich and carefree. If you have ever put on a large position and tried to analyze every single thing that you think could effect the price or just simply stared at the chart hoping and praying for a movement in your favor, there are some problems.

Forex News and Binary Options Trading

You may have been looking at a candlestick chart one day while trading and saw a huge bar move up or down a significant amount in a very short amount of time. The price may move really high and then really low or vice versa. It can also move high or low and continue further in that direction.

Sep 13, 2013

Making a Safe $30 Profit on AUD/USD and Putting Risk on With Less Volatility

Well, I decided to do some trading out of my element. Instead of being in my normal office setting, I traded binary options at my girl friends on the laptop. It is not too wise to take yourself out of the comfort zone, but it turned out alright.

Sep 12, 2013

Using Higher Low Trend Lines

Good morning and happy binary option trading to all! The underlying asset for me today is the USD/JPY. It's currently 9:15 AM and my first position of the day has just been entered. It's a high/low call on the Yen. The technical analysis used in order to make that trade was simply using the bottom trend line within an up-trend.

Sep 11, 2013

Government and Student Loan Debt - Scamming Students

This is crazy. I just read this article:

It is about the recent events in the U.S. Basically, we are screwing our economy because of debt. I graduated a couple of years ago and have about $70k of debt (current balance). That doesn't include the 8.5% annual interest rate that is compounded per day, which will have me paying back a total amount in the 100's of thousands if I keep paying like I have been every month. My debt service is about $600 and I put about $500 on the principal each month. The problem is that for many graduates, there are no jobs or ways to make money other than working at places they could do if they didn't go to college in the first place.

Plan Your Options/Forex Trading Before You Do It - Profit Today: $413.85

This seems to be a big problem within all traders psychology. Let's say you were going to go buy some stock in a company. When you have that mindset, usually a person tends to plan it out and figure out reasons why to buy or why not to. They also think about how much they want to buy.

Sep 10, 2013

My First Non-Martingale Binary Trading Session in Awhile

Here we go on the big numbers....

After some long walks and time to cool off, I know what the plan is. Here in my trade I used all the possible indications that looked good to me and entered a $200 EUR/USD put with 15 minutes to expiry. Here is where the change comes in. If I lose, I am not doing another large trade. Instead, I will stick to the same trade value.

Licking My Wounds and Going to Larger Trades

Well, it was a tough morning. I took a big hit on Nadex as you can see here. Then, I tried to start back at $400, which was going good until this morning. I blew the account attempting to trade the USD/JPY and EUR/USD. I was using martingale and lost about 5 positions in a row. A few I tried to scale against the trend and lost.

Sep 9, 2013

Great to Be Back on a Solid Binary Platform - Safe Profits

Great Morning! We are back on the high/low binary options platform that I made all my profit on in the first place. My position was on the USD/JPY. The trade was a high/low call binary option with only $17 of risk. The goal is to simply go for a 3.4% return per day as I have been shooting for ever since trading with these derivatives.

Sep 8, 2013

Sunday Night Forex Binary Trading - Nadex Loss - $400 Profit on RBOptions

Here we go with another week. As I was saying on Friday and in my weekly trading update for the past week, it is highly important to stick to my 3.4% return goal. Slow and steady wins this race. So, the first our right now I am just watching the major currency pairs move to get a starting point. From there, I will be trying to pick the best possible entry point given many technical indications.

Sep 7, 2013

Weekly Update/Results of Binary Options Trading - $478.80

It was a very intense week. This was the start of binary options trading on a new platform. It is called Nadex. The Monday Labor Day situation was tough because I was so anxious to start trading, but had to wait until the markets opened back up Monday afternoon. It has been a week of trying to be disciplined while trying to make profit. I had deposited $1,000 into the binary option broker. They gave me $500 of instant funding and the other $500 came in when everything cleared the bank, which was on Thursday.

Sep 6, 2013

Waiting for the Trade Instead of Forcing Entry - $134 Up

It's about 8AM est and I am going to try a new tactic. Instead of speculating on what may happen, i am going to wait for some big moves to come in the forex market before making my binary options entry. Patience and high quality entries will beat lots of bad trades every day.

Sep 5, 2013

Selling GBP/USD - Sticking to Plan

What a glorious morning. Didn't take much of a risk and we are efficient and profitable still. Only have 1 contract today and done! It feels great to stick to the plan finally. This is the sustainable way to trade binary options.

Sep 4, 2013

Attention to Detail Importance in Binary Options - Net Profit $203.80

Well, this is why you need to pay close attention to everything you are doing when you trade binary options. It is not good when you look at a 1 hour chart and think it is a 5 minute chart. That is what I did on the EUR/USD this morning and as you can see, from 7 AM to 9:30 AM the currency pair weakened and I had a binary option call on. It was completely my fault, but there is still 1.5 hours left to expiry.

Sep 3, 2013

Went Down Big and then Recovered

This is all about trading psychology today. The greed of trying to make a lot of money is fighting with my logical side that knows how to make the profit. So, we started the day up $109. Then, I got into some EUR/USD sells. After listening to some other traders, I went in and made some buys on the same underlying asset. Ended up closing some of the positions at a loss and going for a bigger sell position. It was bad and didn't follow anything that I am supposed to be doing when trading binary options.

Sep 2, 2013

Selling The Yen at 99.60 and AUD/USD Call - Profit $109.30 Net

It's currently 6:38 PM and I am working on a binary option with the USD/JPY. The price had hit a high in my 5m candlesticks so I looked for a strike that was a little higher than that and entered a 2 lot sell that expires at 3 AM. long as the price of the Yen is lower than 99.60 at 3 AM, we will make a $27.5 x 2 profit, but I put a buy in at $17.50 to be safer. That means we would still come away with around a $16 profit after fees ($0.90 per lot).

Sep 1, 2013

Monthly Online Income Update August 2013

What a huge month. Not just speaking about earnings, but new things that have been going on. Affiliate earnings are now enough to sustain a nice livable net profit for the month. Then, active income (binary options trading) is moving steadily along. Some of it gets sketchy with taxes so I don't know exactly what will be done at year end, but some big changes are coming to my own trading.