MO's MBT Micro

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franck
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Postby franck » Sat Nov 21, 2009 4:03 pm

MightyOne wrote:Image


thank you for your sharing. Awesome.

1) when do u open the binary? For example, for a red rat in a higher time frame red candle, i hv the following options :

a) after price moves lower 1/6th 2-bar range from open, and look 2 strikes lower?

b) at open and look 2 strikes lower? any criteria for the open eg open above 1/3rd range?

c) after price move lower 1/6th 2-bar range from open, wait for price retracement (eg. 2 strikes above) and only then look 2 strikes lower?

d) look 2 strikes below when price is at the top wick and didn't make a new high? or after 1/6th above open?

e) others/none of the above? :cry:
* anyOne can be prOfitable tradING ANY line. see it?

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JESGPY
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Postby JESGPY » Sat Nov 21, 2009 5:37 pm

MightyOne wrote:
JESGPY wrote:MO.

I dont wanna bother.. but can you explain a little which is the concept behind this trading method.

Thanks for your time

JUAN


When price is moving up and you buy...:lol:

Maybe we'll get into details later.



Ok. ill be waiting ...

Another question..

Can you explain, or give a few pointers on how to use the "TRO2009_MO_mfAR" indicator?

Thanks

Juan

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MightyOne
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Postby MightyOne » Sat Nov 21, 2009 9:04 pm

franck wrote:
MightyOne wrote:Image


thank you for your sharing. Awesome.

1) when do u open the binary? For example, for a red rat in a higher time frame red candle, i hv the following options :

a) after price moves lower 1/6th 2-bar range from open, and look 2 strikes lower?

b) at open and look 2 strikes lower? any criteria for the open eg open above 1/3rd range?

c) after price move lower 1/6th 2-bar range from open, wait for price retracement (eg. 2 strikes above) and only then look 2 strikes lower?

d) look 2 strikes below when price is at the top wick and didn't make a new high? or after 1/6th above open?

e) others/none of the above? :cry:


Your trigger to enter spot is going to be within 10 pips of only 1 strike.

If I purchase a strike that is two strikes higher then I will be within 20 pips from the floor.

If I purchase a strike that is three strikes higher then I will be below the floor and paying ~ the spread to enter.

If the 2 bar range is 120+ pips then you want to go three or more strikes out.

If the 2 bar range is 60+ pips then you want to go two strikes out.

You just trigger a trade as you do when trading spot.

It is all about how many multiples of your risk that you can make in one trade :shock:

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MightyOne
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Postby MightyOne » Sat Nov 21, 2009 9:12 pm

JESGPY wrote:
MightyOne wrote:
JESGPY wrote:MO.

I dont wanna bother.. but can you explain a little which is the concept behind this trading method.

Thanks for your time

JUAN


When price is moving up and you buy...:lol:

Maybe we'll get into details later.



Ok. ill be waiting ...

Another question..

Can you explain, or give a few pointers on how to use the "TRO2009_MO_mfAR" indicator?

Thanks

Juan


It works just like the fibo...

it starts by placing the trigger at 1/6 the range into candle color and then drops the trigger as low as the open +1 (candle color)

With the fibo you can reverse the trigger after price has moved 1/3 the range and sell when price retraces back to the 1/6 trigger.

Hands free with mfAR or hands on with fibo

it really doesn't matter as they both take home the pips.

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MightyOne
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Postby MightyOne » Sat Nov 21, 2009 9:23 pm

Image

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MightyOne
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Postby MightyOne » Sat Nov 21, 2009 11:58 pm

Image

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adaseb
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Postby adaseb » Sun Nov 22, 2009 1:35 am

I've been reading this and it sounds promising.

I have been searching for a binary option broker because I couldn't find one that operates to residents of Canada.

I found this one

http://www.anyoption.com/jsp/index.jsf

However each option costs $100.

If you win you get $170
If you lose you get $10

The value doesn't change between $0-$100

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MightyOne
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Postby MightyOne » Sun Nov 22, 2009 5:21 am

adaseb wrote:I've been reading this and it sounds promising.

I have been searching for a binary option broker because I couldn't find one that operates to residents of Canada.

I found this one

http://www.anyoption.com/jsp/index.jsf

However each option costs $100.

If you win you get $170
If you lose you get $10

The value doesn't change between $0-$100


You don't want those non-exchange traded gambles.

Go here:

http://www.igmarkets.com/fx/forex-bin.html

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rushN4
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Postby rushN4 » Sun Nov 22, 2009 1:22 pm

Hello
maybe a stupid question. :roll:
what type of Binary option do you use for this trading style?
here is a pic of the available options on Igmarkets demo.
thx
Image

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MightyOne
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Postby MightyOne » Sun Nov 22, 2009 8:13 pm

rushN4 wrote:Hello
maybe a stupid question. :roll:
what type of Binary option do you use for this trading style?
here is a pic of the available options on Igmarkets demo.
thx
Image


(EDIT)

Ladders...I think

You just want multiple strikes with overlapping boundaries and the ability to trade in and out of your positions.

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