15 to 30 Minute Binary Options Strategy by Okane

This strategy is highly recommendable for amateur and professional traders. Newbies can easily follow its rules and trade it mechanically until they can get the right skills to know the reasons behind the strategy’s rules. When you have reached the state of complete understanding you can then take advantage of your strategy.

HOW THE STRATEGY WORKS

For this strategy to work, you have to confirm the trend’s direction. Moving averages can be very useful for it to work. In identifying trends, you go to the fifteen minute chart and look at the candlesticks and see if they are above or under 50- EMA and 200 EMA. In order to assure that the trend is not in a consolidation state or on the verge of changing direction, it is vital for you to know previous lows and highs. In locating lows and highs, you simply have to marl areas where the stochastic oscillator showed oversold and overbought levels. See if prices are stepping down and is below 50-EMA or 200 EMA. Your goal has to be finding these small retracements in the trend.

For call options you have to enter on higher lows and candlesticks have to be above 50 and 200 EMA. It must also be above oversold levels on RSI and Stochastic. For

Put options you can enter on lower levels and candlesticks have to be below 50 and 200 EMA. It also needs to have overbought levels on RIS and Stochastic.

okane15-30 binary options strategy

PICKING AN ENTRY AFTER CONFIRMING A TREND DIRECTION

The approach may differ depending on your experience.

Approach 1

The first method is for amateur traders who wish to trade mechanically until becoming skillful with it. for example, you are looking at candles forming a lower high and RIS and Stochastic levels are almost touching overbought levels. You have to allow current bullish market fifteen minute candle to close and then confirm the retracement’s end. To make sure that the bullish move is done, you have to change to the five minute chart and observe if a five minute bearish candle is forming.

Approach 2

The second approach can be used by experienced trader who have fundamental candlestick knowledge and knows how to make use of price actions. You can also use this if you are great at drawing S/R lines and you are familiar with market volatility. Thus, despite of waiting for a five minute bearish candle to be formed, you can have more accurate entries by shifting to the one minute time frame and then drawing the S/R lines. Put in mind that the M5 and M15 needs to be overbought.

WHY THIS STRATEGY IS BAD

It is not very surprising that this strategy will not work at any market set up. But no strategy actually works in just any condition. The issue here is patiently waiting for the right market conditions to straighten up. This may take some time and there are days when you cannot trade anything. This is because the market is not stepping into any direction but it volatilely jumps in various resistance support areas. Moreover, it can be rather hard for novice traders to have promising entries.

WHY IS THIS STRATEGY GOOD

The strategy does not suck because it offers the right amount of confirmation to encourage the trader to make a trade. Additionally, the rules are so easy to follow and it can even teach you trend identification techniques. With it, you can practice on your skills of price action.


Can you be Taught how to Trade?

A lot of aspirants out there believe that anyone can trade and that it does need education in order to master it. Many also think otherwise. They believe that trading needs to be taught either by a second party or on their own but it needs a huge amount of work, knowledge, and discipline in order to gain consistent annual profits. Here are points that can help you towards becoming a consistent and lucrative trader.

trading education binary options

Learn to accept losses and be humble when you win. In trading, losing is a natural phenomenon. This can happen all the time which is why you have to practice controlling yourself and not dwell on it when it happens. Most traders who cannot get over with their losses end up failing. On the other hand, those who know how to embrace failure end up learning from their mistakes and succeed with their trading goals. Now, how do your losses help you achieve your goals? When you look at your journal and you will see that you have been successful in most of your trades thereby allowing you to have a promising trading income, then for you to get that income you may also lose. Trading is balance of winning and losing.

Analysis and trading have huge differences. It doesn’t that some trader can call the market’s direction with higher success levels that you can already trade well. It’s all about timing, then strength of moves, risk and reward, capital, greed, fear. All of these elements are activated when you trade. But they are not so vital when you make market calls.

Get ready for success and embrace it. Just like in any profession, you have to gear your moves towards success and when it comes, embrace it well. This can actually be taught. Put in mind that there is a great distinction between wanting and accepting something. A lot of traders crave for success but they are lack the acceptance of their responsibilities that includes mastering emotions and using strategies efficiently to extract its utmost market possibilities.

Teach a man to fish and you can feed him for a lifetime. This is a part of a famous quote that can be very much applicable to learning in trading. It is basically possible to teach anyone how to become traders. Although not everyone may succeed after learning trading but knowledge is already there. The understanding of a fund manager may be different to that of the understanding of a medical doctor who wishes to trade.

Never compare yourself to other traders. Telling yourself that you are less bad or good is not so helpful. Taking pride or bragging over a successful is not also that helpful for your future trading schemes. When you trade, make sure that you do it with conviction. The results you get are specific to you. Being happy with your results is what matters most. Never let another trader set the bar for you.

Trading is greatly psychological. You may have followed many strategies online and they may have worked well. However, this is not the case with novice traders because they have too much to lose and they would always presume that one strategy after another does not work. They practically look for another strategy or system that may work well with them. A huge part of trading psychology is understanding the fact that winning almost always comes with losing.

Finding the right tool. Your skills and even attitudes can be enhanced with tools that can enhance your focus on trading. These tools include neuro-linguistic programming, meditation and many others. This actually means that anyone can become a good trader but at a certain point trader have to look out of the market to look for tools that they need for success.

Two moments are never the same. As a trader, you may have learned how spotting trade patterns and set ups and then act on the, the sad thing is that a single set up never looks the same as another one. Moves can be smaller or bigger and contexts are very different. Good traders know these facts and they act regardless of such differences. New traders sometimes freeze and do not know their next moves. Novice traders also think that they can just have random trades at any time since they are the same. Good traders accept uncertainties. On another note, unsuccessful traders look for certainty almost all the time which is not actually there at all times thereby squandering opportunities provided by uncertainties.

Learn how to implement your trades. Implementation is execution and the evaluation of how much you learned from your trading education. Besides having a good mind set, self awareness, and knowledge for successful trading, you also need some physical concepts. You have to know how to implement trades the right way. A recommendation would be, not risking more than one percent of your capital on your trades. This shows that you need the right amount of capital for a minimum of a hundred trades with your personal risk level. A lot of aspiring trader trade with very little capital and too little time to give trading a chance to prove itself worthy.

FINALE

Confidence is the key. When you are confident about the tricks and strategies that you have learned and devised then you can overcome adversities and trade well. Although it will not immediately surface but it will come and all you have to do is have the patience and keep going.


New Lows and Highs: Are you Obsessed?

A lot of trading books talk about how appealing trading new highs or new lows could be. Many traders out there are trained along with free trading guides or basic strategies in order for them to have an uptrend trade through shorting once the prices surpass old highs since this sort of confirms trends. This may lead to profit sometimes however; this is not always the case. When you review your charts you will notice that prices frequently eclipses an old low or high and then suddenly moves back the opposite way. This basically lets you feel like you traded at the most disastrous time.

obsessive trading of binary options

THE MYTH ABOUT NEW LOW AND NEW HIGH

The previous paragraph does not necessarily mean that buying new highs and selling new lows do not actually work. Sometimes this can be profitable. There are ways for you to have your odds increased when you are selling new lows and buying new highs.

If you are trading traditional markets, you can use S&P target or stop and profit target. In an uptrend you can typically place your target on the former high’s top. This means that you are getting away from your trades. This is what a lot of amateur traders do and are getting into. It would also be a fact that most trading professionals are also doing a similar thing which goes to show that as prices make new lows or highs, professionals move away with nothing left for pushing prices way higher. This usually results in a backward more in the opposite way and losses for amateurs.

INCREASING TRADING NEW LOWS AND HIGHS ODDS

Jesse Livermore is the trading who made buying new highs or short at new low strategy quite popular. It was in the early nineteen hundreds when he became a very successful trader. In fact he was deemed as the most successful trader of all time. He was really brilliant when it comes to selecting and trading only very powerful stocks. After trading such stocks he would then get out of that trade if it didn’t go up way over its previous high.

Today, his strategy still applies. You can buy once the price goes through a new high if such price has an extreme and aggressive movement. It is also best to buy when the price seems like it will still be running. However, when the prices approaches a former high slowly then do not even bother buying. You have to keep in mind that buying on new highs and be short on new lows can be advisable.

FINALE

Sometimes buying new highs and selling new lows can work. There may be even times when you have done it and didn’t even realize it. however, a huge amount of trades which used this strategy are not likely to generate success. When you trade in this manner, make sure that you only do so when price action is strong and prices are most likely to proceed running way beyond its previous low or high. If not, you may look for alternative entries just like what professionals do.


Do you often force your Trades?

There are some points in your entire trading experience that you felt like the market hates you and nothing are really going your way. In these scenarios, what do you often do? Do you move backwards and try to get back your focus? Or do you try harder to prove that you are better than you think you are?If you are doing the latter then you are pretty prone towards forcing your trade. This does not only include getting trades that do not meet by your trading rules. These trading restrictions sometimes take place when you are desperate about making things happen rather than easily reacting to what is really happening.

forced binary options trading

WHAT IS THE IDEA?

What is quite interesting is that that the attributes of ay thriving trader, like being aggressive or competitive may also lead to probably downfalls. A very cut throat trader can have problems being calm while caught in between a losing streak which them leads to over leveraging or over trading just to have his/her cash back.

The idea the regularly divides profitable traders from the group are that they can control their trading decisions as well as their emotions. A great way to control these elements is by transforming your trading rules to positive trading habits.

Initially, following your own rules about risk management, leveraging, position sizing, and loss placement prevention may be very challenging. But if you are hopeful towards making up for your personal losses, you will most likely be lured to trade without stopping and take more risks. In such a scenario, you have to remember that trading is all about grabbing chances when they are there rather than chasing them around the market. The fact is that you have no control whatsoever of market moves, but you are in clear control of your personal preparations and reactions to these market movements.

Famous trading psychologist, Dr. Brett Steenbarger compared trading to waltzing with trading markets where traders have to agree to the market and that it is taking its lead. If you try to lead the trading market by assuming future action of prices, you may fall over and miss the chance on more gainful moves. The only thing that you have to do is by getting the correct timing and being in sync with market movements.

FINALE

Trading is a tough process. You have to be very patient about making your moves.


Are you A Greedy Binary Options Trader?

A lot of traders including their accounts have succumbed into depression due to greed. Because of this the trading saying “Bulls and bears make money; hogs get slaughtered” was born. The Hog is without doubt one of the greediest animal in the world and a greedy trader can be compared to a hog. It is a fact that the trading world does not pity hogs.

greedy binary options trader

According to the Merriam Webster Dictionary greed is something that is desired excessively and selfishly. Yes this sounds quite familiar especially if you are a trader. Reality is that it is our dream to have lots of returns and this is the key factor that lures us towards trading for more. However, this desire is not healthy and it is dangerous especially when done in excess. For this reason, you can consider greed as a hazardous emotion. This is even scarier than fear itself. Fear can stop you and get rid of your drive to trade. Nonetheless, fear is the major factor that allows you to stick your hands in safer areas. On the contrary, greed lets you act in a way that produces negative effects. This is the reason why it is really dangerous.

Moreover, greed can let you think irrationally. As for trades like you, greed typically comes through overtrading, chasing markets, over leveraging, and keeping trades that are not worth it. come to think of it, greed is similar to drugs or alcohol. It can also cause addiction and let you act in a very foolish manner. You can be high with greed or be drunk with it. just like other activities, getting rid of greed needs a huge amount of discipline. It is quite hard to get rid of it but there is always a solution to do so. It is all in the mind.

You need to come clean and put in mind that you do not always make the right moves or the right calls. There will be times when you cannot get the full move of the market. There will even be moments when you will not catch a great set up.

As a matter fact, this is trading and it has a lot of elements to deal with. When you learn how to accept that the trading market is a huge arena and that you will surely make mistakes, it is by then that you can focus better on the plans that you have designed. By doing so, you can help get rid of greed.

FINALE

Many traders who are successful admitted that they would rely on luck rather than doing good. For most traders, success can be better attributed to luck rather than on their personal trading skills. This is not actually advisable for your ego but it surely is useful for your trading needs. This is practically a wise trading secret.


How to Deal with Trading Frustrations

If you are a binary options trader, frustrations will always be normal for you because losses can happen all the time. When you are frustrated with the results, you may doubt your capabilities and eventually, lose confidence with your own trading plan. This can then lead you to overtrade and bad decisions making in order to prove that your plan really works.

Desperate Businessman

Assess your personal trading experience for a second and think about a time when you were frustrated because of your decisions. Did you think about your succeeding trades much clearer? Did you personally take your loss and begun asking yourself if trading is your trade?

Naturally, traders love to compete and it is exactly this attitude that will make you susceptible to frustration with your losing trades. The great news is that even though is that it is likely to handle such bad emotion and stop it from disturbing trading decisions.

Bouncing back from losing or climbing from your losing streak is quite easy to say than doing it. For some traders, it is simpler to aim the frustration to themselves and then have some pessimistic self talk. When you will realize that you are doing this, you have to take things slow! Blaming yourself will just make you a sour loser and what’s the point of doing so when you already know that the market is unpredictable? No one, not even the best economists will know when or what the next move will be. You have to learn how to accept your loss, tap your shoulder and congratulate yourself for taking and managing your risks. You just have to take note of lessons learned and then you can simply move on.

If you believe than losing trades can be blamed to your lack of proper preparation, then you need to tell yourself to make your assignments. As the famous quote says, “Prevention is better than cure.” In trading this means that you will not be too frustrated if you spend much effort and time in doing the basic analysis and process. Beside this, you should not forget about planning trades and determining actions steps for certain probably market scenes. Never open your arms for frustration and make rush decisions.

Some traders focus their frustrations towards their own trading strategies. You have to put in mind that there is no point in being frustrated when you know that you there are random market moves.

Yes, there may be constant shifts in the market environment but you have to put in mind that steady and reliable profitability may be gained when you stay disciplined and when you follow your proven trading plan. If you are persuaded that your personal strategy no longer works, you can try doing back tests or even changing your approach, rather than being frustrated and ending it all.

FINALE

You have to keep in mind that trading is not a quick race but a marathon. There shall be moments when it will be hard for you to deal with the market and that is alright. However, just remember to know the right timing and focus.


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