Hello traders, hope your day was great! Once the next candle formed, I waited for price to turn bearish and break the low of the previous candle before I entered. This trade was ITM by about 2 pips. After price was going down after the touch of the 365 day ema, I waited for a pullback, and it just so happens there was one that happened and touched the 20 EMA and found serious rejection at that level. On top of it all, the Value Chart was at its peak and signaled an overbought situation, and price was so close to the 20 EMA, there was no room for a rubber band effect. The next candle was showing a spinning top and there was some fighting going on between the bulls and bears as to where price would go next. Value Chart was at its peak, and price broke though the M3 line you see on the chart, and since I realized from my last trade that price was now in a downtrend, I waited for a setup in the direction of the trend. OTM by a large margin. These types of trades are discouraging, but you must move on and look for more setups. Also to back this up, the Value Chart was at the bottom, also signaling a possible correction was imminent.
Anyways, I placed four trades today, but I was only 2 ITM. My first trade was a great trade, and highly probable according to my method. One thing about trading is you may get bored after looking at the charts for hours, but I tell you, you MUST be alert and ready at all times that you are binary option trading, because it will bite you in the rear if you do otherwise. This trade lost only by a tiny margin, but it was by no means a high probable trade. It was ITM by about 1 PIP. For more confluence I also have the Value Chart in my favor.
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Does The Software Work? Needless to say I think the product is relatively a waste of time, taking into account the range of truly free custom indicators that you can import to MT4. Never join Binary International, they are the broker behind all of this. ITM Genesis Elite, GCAD and so on. Also the GCAD and all the other indicators they provide are not working. Michael Hodges from Binaryoptions. It is difficult to refer to the products as a scam. Kees I wish you all the best really. In the end, you loose your money and you have payed for the software. Stop watching and hoping, start growing and learning by doing.
Sounds very misleading to me and explains some of the complaints I received after posting this article. It sounds to be like Auto Binary Signals! This is pure bullshit! If they give you a software that really works, they will be bank robbed in no time. In the end, they are all the same! Do not just depend or waste money on software. ITM Financial products such a the ITM Genesis Elite. Sorry for ranting Mike. Genesis Elite from last year and I must say it is superb.
So i hope one day, there will be a software that really works! Binary option brokers are making money when you are loosing it and ITM is related to Binary International. They have the same platform as 24OPTIONS, but there platform is much faster when you take a trade. Is ITM Genesis Elite a scam? ITM is BS for sure. You have to deposit money by a broker they recommend and this broker will give money to the software provider! Also, Randy Churchill is a very terrible reference to base your opinion on. Hence do not listen to anyone. Skepticism is a highly overlooked skill in Binary options, if your naive and truly believe the scammers you are going to always lose money.
ITM Financial products in general are overpriced and in this case, requires a technical analysis understanding. ITM are there to make money, the product needs to entice and push the illusion that it can create a millionaire out of you. Take yourself for example, you already tried ITM Genesis Elite which is very expensive. BO TrackElite are all junk, pure SCAMS! MetaTrader 4 and many other charting solutions. Either way, I am glad your strategies are working for you Britney! The man clearly avoids debates on ITM and other indicators when confronted with facts. These are what I use that all.
The trades placed in the videos shown by ITM is for that particular time and for the market conditions at that time as we all know conditions vary each time. ITM software that doesnt work. Lol I will not be funding my account again. Traders, network and learn to do it yourself. Let me tell you what kind of a person you are Kees, the type of person who gets slapped on the face in life, over and over, many times and just never learn. When you are a client of BinaryInternational. Michael, even I tried your auto trader. But slowly you will lean. In the beginning you will lose and it is ok. So just have the faith.
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This is certainly not a failing method. Expected Range for 3 hour period: 180. Trading DITM binaries with a good system can have a higher win rate. ITM strikes on any pair, on any time frame, they just look silly. ITM binaries can be potentially very profitable. Also we state to factor in the distance of the strike from the market and time not random picks but look at strikes in relation to where the market is and the distance and the time till expiration. You should be able to lose 2 or 3 times in a row, then win only 1 time to be back at break even or better. Either way, the loss of money will still be greater than your profit 9 times out of 10. Not to many people can deal with the high number of losses even though the profits are large.
They are NOT trading against you. Trading ITM will not fail and can be very successful with the right discipline and method. This is like saying the CBOE is pricing options against you or the CME is pricing futures against you. Risk is higher but probability is higher so it works out if managed correctly. She looses a lot but her profit to risk ratio well overcomes that. There is a big difference between someone trading this theory randomly vs sound reasoning.
Trading ITM will only fail if you are not smart and focused in your strike selection and not focused on managing your losses. You will win more often but will lose more when you lose. Makes trading a lot easier and less stressful. Myself and several other traders prove that every day. There is lot left out of this argument making it a bit baseless. Just a theory of mine.
You literally have thousands of days of data at your disposal. It seems DRAMATICALLY in the favor of OTM options. Also 6 pips can mean 3 up or 3 down. The truth is, risking more than what your actual profit is puts the odds against you even more. OTM binaries but you have to factor in the random trading. OTM lines looking like lottery tickets, they look very reachable.
You can see on the 15m chart just how not difficult it looks for price to get there. ITM trades as Darrell says give your higher probability of profit and allow the market to go flat, go against you a little or go in your favor. Also, Testing this theory for only 5 days will not give you accurate results. If you used this theory to trade with some reasoning behind your trades I guarantee you will get different results. You are right to say that you have to match your personality with your trading style. Nadex are not idiots or liars. You may prefer to trade OTM trades and not like ITM, but that does not mean that trading ITM will fail. Here are some screen shots.
Understand that Nadex is not putting any odds anywhere. What your odds are. Yes, we DO trade DITM binaries. As she may have 14 losses in a row and just keeps going 3 wins in a row bam profitable and end of the day nice profits. Darrell has always said that you should test something for at least 3 months. Though most traders could never do what she does. My wife on the other hand trades OTM trades all the time and makes a killing. Nadex is an exchange they are there to fill transactions of buyers and sellers.
As a trader and a human, I think you should take advantage of trading OTM contracts. Around 85 and 15 price. Yes you will lose more of your trades, but the idea is to win more profit on the winning trades and protect your capital. Those type of DITM are not overall worth it without taking the proper stops. Statistical trading is just the best. ITM binaries randomly will absolutely be a losing proposition.
LOW of the expected range as you can see how important this is. Some traders seem to think unless it super hard its not worth it. We always promote to get out before the dark zone. Notice we have very specific expected ranges fro that hour. So nobody here is promoting this type of trading for binaries at all, anywhere on the Apex site. The expiry was for 3pm. The point is that there is a reason for each type of contract. But even if you are following a system, yes I totally agree with you.
That is why I have been looking at expected ranges and ITM contracts. The edge is in knowing how they are priced when to take the trade. ITM at the same strike as it does not have to move can move down or move right up to the strike and still be profitable. That is 3 ways to make money versus trading an OTM strike where you have to be right about market direction. If you were to trade randomly, your theory would make sense. If you have not checked it out you may want to. As long as you match the type of binary with the market personality, then you are fine. Tim Lang does this constantly and has an outstanding record. Also using risk management to cap risk is a huge part on ITM strikes.
ITM binary with a reasoned purpose backed up by provable stats, will be profitable. This was the original boomerang and is still my favorite trade. This is watching paint dry simple. It is easier to predict where price will NOT go, and therefore costs more for an ITM. Brandon I think we understand when you say there is no advantage in taking ITM binaries vs. Dong ITM trades means you would have to win A LOT more on your trades and unless your a really experienced trader, you may find that hard to do. Same for the extreme OTMs. Either way a screenshot lets me see what you see so I can help you see what you may not be seeing. There are many of us here that remember trading the original APEX system with ITM binaries and made money at it. If she stopped stats would break.
Darrell you are the man. As humans we focus more on winning than actually making money in the long run. Market makers and other traders place the orders and make the markets bid and offers.
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