Price Action - 8H expiry time required
Lucas
Posts: 3 ✭
Hi Guys,
I've completely changed my approach to binary options by getting rid of any indicators (apart from 8EMA and 21EMA) inspired by Price Action approach. What's more, I choose only 8H or 1D time frame for technical analysis in order to dispose of 'noise' created by lower time frames and clearly see trading signals (doji etc.) (ref. Nail Fuller on youtube).
I'd like to ask you to give me an idea which broker offers 8 hours expire in terms of 'option builder'. I thought you've got a complete leeway in terms of choosing your desired expire time (i.e. 4hrs, 8hrs, 13.5 hrs etc.) but it turns out that you're quite restricted (some brokers offer only expiry withing 2hrs, other between 4-5 hours).
Since I've got your attention, I'd like to find out if anybody else's got the same trading plan as mine:
(the times below are for GMT /London time zone so 22.00 stands for New York session close)
1. bet at 6.00 - expiry at 14.00 (8H time frame for analysis) (BROKER - NOT YET FOUND)
2. bet at 14.00 - expiry at 22.00 (8H time frame for analysis) (broker - Markets World)
3. bet at 22.00 - expiry at 6.00 (8H time frame for analysis) (BROKER - NOT YET FOUND)
4. bet at 22.00 - expiry at 22.00 the following day (1D time frame for analysis) (broker - Markets World).
Basically, my plan is having a quick market overview a few minutes before 6.00, 14.00 and 22.00 with the intention of spotting clear signals and betting accordingly.
Please let me know your thoughts and thank you in advance for any responses.
I've completely changed my approach to binary options by getting rid of any indicators (apart from 8EMA and 21EMA) inspired by Price Action approach. What's more, I choose only 8H or 1D time frame for technical analysis in order to dispose of 'noise' created by lower time frames and clearly see trading signals (doji etc.) (ref. Nail Fuller on youtube).
I'd like to ask you to give me an idea which broker offers 8 hours expire in terms of 'option builder'. I thought you've got a complete leeway in terms of choosing your desired expire time (i.e. 4hrs, 8hrs, 13.5 hrs etc.) but it turns out that you're quite restricted (some brokers offer only expiry withing 2hrs, other between 4-5 hours).
Since I've got your attention, I'd like to find out if anybody else's got the same trading plan as mine:
(the times below are for GMT /London time zone so 22.00 stands for New York session close)
1. bet at 6.00 - expiry at 14.00 (8H time frame for analysis) (BROKER - NOT YET FOUND)
2. bet at 14.00 - expiry at 22.00 (8H time frame for analysis) (broker - Markets World)
3. bet at 22.00 - expiry at 6.00 (8H time frame for analysis) (BROKER - NOT YET FOUND)
4. bet at 22.00 - expiry at 22.00 the following day (1D time frame for analysis) (broker - Markets World).
Basically, my plan is having a quick market overview a few minutes before 6.00, 14.00 and 22.00 with the intention of spotting clear signals and betting accordingly.
Please let me know your thoughts and thank you in advance for any responses.
Comments
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Hey Lucas,
I agree that with higher TFs you can avoid the noise. But there is the risk of the news releases these hours. If you want to trade with big expiry time I recommend you to try an exchange. You can find the expiry time you want and also you can close earlier your trade if something unpredictable happen.
Regards,
Kostasze -
Thanks for taking the time to reply, Kostasze.
However, could you please elaborate on the 'exchange' you mentioned? Sorry Mate but
I'm new to this stuff. -
Except offshore- Binary Options Brokers, there are also the Binary Options exchanges. The calculation of the profit and the orders you can take are different. You can take Stop- Loss-Limit orders, you can close your trades earlier etc. You can read my two articles and you can see the differences.
http://www.binaryoptions.net/binary-options-exchange-vs-binary-options-brokers-part-1/
http://www.binaryoptions.net/binary-options-exchanges-vs-brokers-part-2/
Happy trading! -
You're awesome, Mate! Honest gratitude on my part : )
