Hi!
I mainly focus on binary option's currency pairs, because of the good volatility, so i don't trade the stock options.
Style
No daily target or percentage % target, since these might gonna drains you emotionally. As long as it greens, i'm pretty much happy.
Most of the time, no indicators. Purely looking at price pattern, either on tick / line chart (1 second) or candlestick chart (5 second - 1 minute - 5 minute).
I've got my indicators ready on MT4 when i'm not sure about the price movement i'll see it.
Don't care about the news. Chart is all we need.
I also put my daily trade journals here on telegram (you need to open it in your mobile with telegram installed). https://t.me/options
Avoid
Unproductive emotions (too positive or too negative, fear n greed, need for revenge, false hopes, over-trade, too tired, sleepy). Basically, anything that makes you can't think clearly with you brain and feel good with your gut instinct. I like trading after sleep and eat cause it's lot fresher.
Very strong trend (either up or down), since i'm strictly trading reversal.
Sometimes i trade continuation, but it's just very rare. Binary options especially scalping is a lot better with reversal.
Very important books / references to read
- Reminiscences of a Stock Operator
- Trading in the Zone
- Price Action Breakdown
- Reading Price Charts Bar by Bar
- A Complete Guide To Volume Price Analysis
- Trade What You See
- The W.D. Gann Master Stock Market Course
I mainly focus on binary option's currency pairs, because of the good volatility, so i don't trade the stock options.
Style
No daily target or percentage % target, since these might gonna drains you emotionally. As long as it greens, i'm pretty much happy.
Most of the time, no indicators. Purely looking at price pattern, either on tick / line chart (1 second) or candlestick chart (5 second - 1 minute - 5 minute).
I've got my indicators ready on MT4 when i'm not sure about the price movement i'll see it.
Don't care about the news. Chart is all we need.
I also put my daily trade journals here on telegram (you need to open it in your mobile with telegram installed). https://t.me/options
Avoid
Unproductive emotions (too positive or too negative, fear n greed, need for revenge, false hopes, over-trade, too tired, sleepy). Basically, anything that makes you can't think clearly with you brain and feel good with your gut instinct. I like trading after sleep and eat cause it's lot fresher.
Very strong trend (either up or down), since i'm strictly trading reversal.
Sometimes i trade continuation, but it's just very rare. Binary options especially scalping is a lot better with reversal.
Very important books / references to read
- Reminiscences of a Stock Operator
- Trading in the Zone
- Price Action Breakdown
- Reading Price Charts Bar by Bar
- A Complete Guide To Volume Price Analysis
- Trade What You See
- The W.D. Gann Master Stock Market Course