Part №1: THEORY
Today, I was approached by one of the the beginners of binary options But with such a request: "Like a trade strategy for pivot points. Visited more than 10 sites on which this strategy is described, but was not able to apply it. I do not know when to open a deal ??? All the writing that you need to wait until the price drops to a point and the pivot immediately take on increasing. and in fact the opposite. Price all time below the pivot, and once to her dorastёt, turns the other way. that is down. Because of this mess in my head. Please help me, if not difficult. "
Personally, I was curious and I decided to also climb on other sites with the strategies. I opened their articles one after the other and the hair stood on end. Firstly, they are written as a blueprint. Secondly, really a mistake that nemenuema lead to a loss of investment in the call option. I got the feeling that these articles were written about Pivot points people, or very distant from the options market, or the strategy they themselves never used!))
So I decided to supplement this article. Now it's step by step guide that will help you apply the pivot point for earnings. I added my personal observations and knowledge from practice. That you will not read anywhere else (unless my "colleagues" do not rewrite my strategy and a blueprint to your website). If all this is to comply with, the strategy will be a very high percentage of profitability.
Have you ever heard the expression: "Bearish market sentiment changes to bullish"? Do you know what it means? The essence of the expression in the fact that after the reduction of the asset value (bearish market sentiment) observed an increase of the same asset, ie its growth (bullish market sentiment). And here is the celebrity of the financial market.
Now we shall understand with the concept Pivot points (Pivot Points). They are used in the majority of technical analysis. And means the pivot point and the resistance. It is in these trends points (descending and ascending) replace each other.
And then I'll tell you how to apply these Pivot point to trade binary options. This strategy is very simple and profitable. The main thing in all understand and comprehend.
1) The first thing to do - is to open Economic Calendar News! Pivot points are used for short-term trading currency pairs. Therefore, we must ensure that the relevant currency is not expected important news. Whatever strategy you have not used, it does not work, if the output data of the economic calendar. I do not trade for half an hour before the news of the relevant currency and half an hour after its release. At this hour, the market is not stable, he is preparing for the new data, it reacts violently to it. And we need a peaceful environment!
Below I have imported for you online economic calendar, stay tuned on it.
2) Technical Analysis Classic pivot points (Pivot point).
!!! Table works in online mode, the parameters are automatically updated table !!!
|EUR / USD||1.1215||1.1217||1.1220||1.1222||1.1224||1.1227||1.1229|
|USD / JPY||107.71||107.74||107.75||107.77||107.78||107.80||107.81|
|GBP / USD||1.2512||1.2514||1.2516||1.2518||1.2520||1.2522||1.2524|
|USD / CHF||0.9826||0.9828||0.9829||0.9831||0.9833||0.9834||0.9836|
|USD / CAD||1.3019||1.3036||1.3068||1.3085||1.3117||1.3134||1.3166|
|EUR / JPY||120.90||120.92||120.92||120.94||120.95||120.96||120.97|
|AUD / USD||0.7043||0.7047||0.7048||0.7052||0.7054||0.7057||0.7059|
|NZD / USD||0.6762||0.6764||0.6765||0.6767||0.6769||0.6770||0.6772|
|EUR / GBP||0.8962||0.8963||0.8965||0.8965||0.8967||0.8967||0.8969|
|EUR / CHF||1.1023||1.1026||1.1029||1.1032||1.1035||1.1038||1.1041|
|AUD / JPY||75.93||75.94||75.96||75.98||76.00||76.02||76.04|
|GBP / JPY||134.82||134.85||134.88||134.91||134.94||134.97||134.99|
|CHF / JPY||109.58||109.59||109.62||109.63||109.65||109.67||109.69|
|EUR / CAD||1.4663||1.4672||1.4684||1.4693||1.4705||1.4714||1.4726|
|AUD / CAD||0.9217||0.9223||0.9228||0.9233||0.9238||0.9243||0.9248|
|NZD / CAD||0.8854||0.8858||0.8862||0.8866||0.8870||0.8874||0.8878|
|CAD / JPY||82.09||82.17||82.23||82.31||82.37||82.45||82.51|
|NZD / JPY||72.85||72.88||72.90||72.93||72.96||72.98||73.01|
|AUD / NZD||1.0414||1.0417||1.0419||1.0422||1.0423||1.0427||1.0428|
|GBP / AUD||1.7740||1.7743||1.7748||1.7751||1.7756||1.7759||1.7763|
|EUR / AUD||1.5898||1.5903||1.5908||1.5913||1.5919||1.5923||1.5929|
|GBP / CHF||1.2298||1.2301||1.2303||1.2306||1.2307||1.2311||1.2312|
|EUR / NZD||1.6575||1.6578||1.6581||1.6584||1.6587||1.6590||1.6593|
|AUD / CHF||0.6926||0.6928||0.6929||0.6931||0.6933||0.6934||0.6936|
|GBP / NZD||1.8485||1.8490||1.8494||1.8500||1.8504||1.8510||1.8514|
|USD / CNY||6.8791||6.8791||6.8791||6.8791||6.8791||6.8791||6.8791|
|USD / INR||68.821||68.821||68.821||68.822||68.822||68.823||68.823|
|USD / MXN||19.0152||19.0216||19.0272||19.0336||19.0392||19.0456||19.0512|
|USD / ZAR||13.9142||13.9224||13.9299||13.9381||13.9456||13.9538||13.9613|
|USD / SGD||1.3594||1.3595||1.3597||1.3598||1.3601||1.3601||1.3604|
|USD / HKD||7.8044||7.8045||7.8046||7.8047||7.8048||7.8049||7.8049|
|USD / DKK||6.6494||6.6506||6.6522||6.6534||6.6550||6.6562||6.6578|
|GBP / CAD||1.6292||1.6315||1.6353||1.6377||1.6415||1.6439||1.6476|
|USD / SEK||9.3656||9.3679||9.3718||9.3741||9.3780||9.3803||9.3842|
|USD / RUB||63.0212||63.0261||63.0359||63.0408||63.0506||63.0555||63.0653|
|USD / TRY||5.6280||5.6325||5.6388||5.6433||5.6496||5.6541||5.6604|
|BTC / USD||10433.3||10458.9||10473.3||10498.9||10513.3||10538.9||10553.3|
|BTC / EUR||9468.8||9468.8||9468.8||9468.8||9468.8||9468.8||9468.8|
Now, let's see, how to read indicators Pivot Points (Pivot Points). This strategy is well applied on five-minute options, So the table is set with the indicators on my 5-minute interval.
Now look at the table entry Pivot Points.
On my screenshot above, we see that
pair EUR / USD Pivot Point is minutes - 1,1259
pair GBP / USD Pivot Point is minutes - 1,5382
Using this data, we can safely proceed to the earnings of one of the binary options brokers.. The main thing that was available on the platform of Short-term options 5 minutes.
Now look at interest rate of the currency pair on the platform of the broker. For example, take the EUR / USD. If the current rate of the currency pair below Pivot point 1,1259Then you should buy an option to increase . From my experience, I'll take to raise, if I see that the current rate of less than one-hundredth of a point pivot, which is not higher than 1, 1190. If the rate is above the pivot in 1,1259 (I wait until 1,1290 or even 1,1359), you can safely take a fall . Pivot Point - a turning point. If the course below it, it will grow, but at this point it will unfold on the slide.
Another my observation, if the trading currency pairs. I Trade EUR / USD and GBP / USD during the European Session (Volatility of EUR and GBP while above), and USD / JPY in the afternoon Moscow time. Opens US trading session, USD while more active.
That's all. Agree nothing complicated. If you have a demo account work out, watch for a change in the points (they are not constant in the hour or day) .I periodically updated page data for current information! Then you can safely go to the real trading. It is better to start with a minimal investment.
Part №2: PRACTICE
Now I will show you how I use this strategy. I use it very often, a high percentage of winning!
1) checks that soon there was important news Economic calendar;
2) open platform your broker uTrader ;
3) analyze from the point of pivot table;
The strategy, as always I do not stock, and in less than a minute I got 10 216 $ net profit in three transactions.