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MightyOne
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Postby MightyOne » Wed Nov 25, 2009 4:53 pm

JESGPY wrote:
MightyOne wrote:
JESGPY wrote:Mo i have checked you entry system for options and it look really good.

I have a question.. how do size you options, how do you decide the lots you trade .. i would like to aim for a 3 to 1 risk reward.. i have seen i can get that easily trading you system

i attach a picture of the trade i would have taken today.

Image



thanks for your help

JUAN


I tend to be a LOT more aggressive with options.

That said:

1 contract per $200 if you enter at B<10 or S>90.
1 contract per $300 if you enter at B<18 or S>82
1 contract per $500 up to the price of B=38 or S=62



MO how do you read the following. I extracted it from your last post

B<10 or S>90.
B<18 or S>82
B=38 or S=62


Thanks

JUan


Buy at the position of less than 10 or sell at the position (between 0 & 100) of greater than 90.

If this is your position then use the money management to the left.

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MightyOne
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Postby MightyOne » Wed Nov 25, 2009 5:01 pm

Braathen wrote:Ok so i got the fibo setup and its hopefully time to trade long when its going up and short when its going short!! :) :) This 1/6th thing is uncanny.. good stuff.. anyway i set up an 8h GU chart and put up my fibo and waited for a trade.. waited for hours :P finally daily candle went green and GU 5m closed past my fibo (pic2).. pics say the rest.. gonna be doing this again today.. i dont have the mfar thing or anything... just made the fibo from MO's example a few pages back and looks like im on the right track.. any feedback will be greeted with a smile as always :)

Image

Image


I don't use it as support and resistance

I am looking for:

1. Small low wick

2. Price to move 1/6 from the low or the open

3. My finger to move and touch the macro to enter...oh wait, I have to do that :lol:

Feel free to use it however you wish though.

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Braathen
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Postby Braathen » Wed Nov 25, 2009 5:34 pm

ok so so i get that i think.. i guess i used to entry line as S/R .. waiting for 5m close past and retrace etc.. i dunno if its just random that it came back to this point ..exit was just screen hours telling me when to get out.. i generally follow 5/15m for my exits.. after all this time looking at them they do the same s**t every day.. my problem has always been seeing the bigger picture.. then from using the fibo i saw entry on this tending towards the same entries as before cept with the bigger picture buildt in the entry hence greater probability.. am i totaly screwed and thinking to much?
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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JESGPY
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Postby JESGPY » Thu Nov 26, 2009 1:30 pm

I cant seem to find which is the price of the premium of the trades i take on the binary options on IG Markets binary options trade.

If anyone knows can you please point it out.
I have found it on Saxo Banks Demo.. but they only offer Vanilla Calls and Puts. Not binary options.

Thanks JUAN

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Braathen
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Postby Braathen » Thu Nov 26, 2009 1:50 pm

Trading with daily colour on 8h GU and 6h EJ.. I always look inside at the 5/15m to tell me the start of the storie and to keep me in the storie :) :)
So im curious MO.. U simply pull the trigger the second price crosses?

Image

Image

Its takes alot of waiting for these trades
Last edited by Braathen on Thu Nov 26, 2009 3:02 pm, edited 1 time in total.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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JESGPY
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Postby JESGPY » Thu Nov 26, 2009 2:50 pm

MO.

I am absorbing lots of info about options. binaries, and vanilla.

Can you tell me why do you prefere binary options over vanilla?

thanks

JUAN

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pablo101
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Postby pablo101 » Thu Nov 26, 2009 3:43 pm

Braathen wrote: Its takes alot of waiting for these trades


That's good I reckon, can get your sleep for 8 hours then trade for 16 hours then sleep for 8 hours.... Almost normally sleep pattern lol
What line? The line that tells you which way you are trading! - MO

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Postby JESGPY » Thu Nov 26, 2009 6:50 pm

This 3 links helped me a lot understanding which is the risk on each trade and my maximum profit..

This links along with some answeres MO gave me on previous post will help out anyone who is lost as I was(I am still a bit lost but not so much anymore ).

http://www.nadex.com/trade/binary-trading-gold.html

http://www.nadex.com/trade/binary-how-it-works.html

http://www.nadex.com/trade/binary-trading-forex.html

JUAN

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JESGPY
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Postby JESGPY » Thu Nov 26, 2009 6:57 pm

Has anyone tried this tyoe of betting.

http://bluebird1.betonmarkets.com//d//c ... forex&l=GB

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Braathen
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Postby Braathen » Fri Nov 27, 2009 12:46 am

Ok so alot of action this week..
1. Small low wick (Dunno what i think of the wick but it wasnt huge and daily/weekly colour was red)

2. Price to move 1/6 from the low or the open (Check)

3. My finger to move and touch the macro to enter (enter at price and 1/4 range as sl 35 pipish) ... :shock: :shock: :shock:

Image

Exit at revearse signs on 5m .. So im getting the picture u do not use this to trade normal forex.. ur using it as these strike prices on binarys? ... so what im doing is basicly trading some lines im sticking on the chart? :) :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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