Binaryoption
[EUR/USD] Non-Farm Payroll Short Term Pip MovementThe following information is helpful for those who trade binary options or short term spot Forex.
Primarily meant for Binary options traders who want to know the volatility of the NFP release for purchasing short term contracts.
Pips are not EXACT, as I used the price range tool rather than Open Close on candles. (next time)
I do not suggest using this data for 5 minute contracts.
Let me know what you think in the comments below or toss on a like!
Stay tuned and follow for this Friday's NFP Binary Options Trade, I'll be posting my entry right before!
MM-Reversal-Probability-Index [MM-RPIDX]This indicator tries to show the probability of an impending reversal. It's using a number of different input signals and candle stick patterns and conditions:
6 different moving averages
Averages of moving averages
MACD
RSI
Stochastics
Keltner channels
Pin bar patterns
Engulfment patterns
The indicator is designed as an oscillator and treats positive values as a signal for an impending bearish reversal and negative points for an impending bullish reversal.
At the moment it includes 46 different conditions to calculate the overall index. The 46 conditions flow into 15 signal lines which are summarized to the overall reversal index.
This indicator is not just a simple line with a couple of peaks.
It’s designed to interactively work with it. It's got tons of tweaking options in the settings section.
Examples of usage:
Use it for primary reversal detection
Use it for reversal confirmation
Use it for candle stick pattern detection
Use alert levels to increase/decrease the number of reversal detections
Detect MACD crossings
Detect Moving Average crossings on different levels
Detect indecisive areas of sideway chopping
Examples of conditions:
is there a crossing of the MACD?
are there multiple MACD crossings?
are there any significant crossings of moving averages?
is the market chopping sideways?
are there any reversal relevant candle stick patterns?
did these patterns appear inside or outside the Keltner channels?
are these patterns confirmed by the subsequent candle?
was there a crossing of the %K and %D line of the stochastics in the last periods?
is or was the RSI in the overbought or oversold zone?
...
Concept:
Instead of watching 10 different signal lines of indicators and candle stick patterns simultaneously I wanted to have one indicator which aggregates all (or at least a lot of) the relevant information.
So the idea was to create an index and assign a specific amount of points to specific attributes or situations (e.g MACD crossed or pin bar candle stick pattern occurred and was confirmed by the subsequent candle and was outside the Keltner channels).
After gathering all the information (or points) everything is boiled down to one index.
Notice: there is no holy grail in TA!
EURUSD Price Action Setup (Comments Recommended)Hey guys,
So I am currently learning Price Action & incorporating a strategy within my binary options demo account.
I thought no better than to share my EURUSD chart and get some comments from some experienced traders so you guys can help me out and give me some advice.
So I am expecting price to fall to either my support (@ around 1.2200) or to break from the trend lines and once hit I am expecting price to breakout into the UP side so I will place a long call.
15-30 minute trade.
Let me know your thoughts :)
Samuel
SP500 going higher Yes or No?Today we are fighting the dividing line between the potential top and the boundary to go even higher for the US Stock Market index. Taking the Brexit move as the key launch point the 127% Fibonacci extension is at 2156.75 on the September /ES futures. The close above or below this level this week is KEY . So why not put a good reward/risk bet on the close? For this I'll be using Nadex Binary Options.
I'm taking a bet with the Nadex SP500 Weekly binary that we will close below the 127% this week with the 2152.5 Option for 0.76. I stand to make $76 while risking $24, not counting commissions if we can close the week below this level.