I wish, lol. Still demo. I will have live account up and running next week. I'm feeling pretty good about binaries, especially when I trade my strategy and don't deviate. Coach

Binary Forex Trading Journal

Hey Lucashammer, There are two areas of resistance I see on EU. The first is 1.4171 and perhaps the stronger of the two is at 1.4190. This was one day I decided to stay clear of any binary trades until after the US GDP news release. It had the ...

Binary Forex Trading Journal

Trade 1 - July 31 — Good day. I entered a "scalp" type trade on USD/JPY at 9:18 AM EDT. There was a huge dip on this pair post GDP news today. I decided to take advantage of what I thought would be a great opportunity for an upward bounce. ...

Binary Forex Trading Journal

Today's Trade — Thanks for starting a thread where we can journal our trades. Today's only binary trade, entered 90 minutes prior to expiration: USD/CHF down (< 1.0895) @ 87.5 points Trade Successful 12.5 points profit Coach

Binary Forex Trading Journal

Hi Reres, Here is some info to answer your questions about about binary option trading. I have a demo with both Nadex and IG Markets. So far, I am leaning toward IG Markets for my live account. These points apply to IG. I have not talked to Nadex ...

Why Binary Forex Options are better than Spot Forex

Trading Day — Well today was not a good day for me. It's much more fun to post when you do good. I had a good amount riding on EUR/USD closing above 1.4020. Actually I closed them a little early because I could tell there was no way price was ...

Why Binary Forex Options are better than Spot Forex

Hah! That never happens to me . Coach

Daily Cable Analysis

My thought is it is setting up for a breakout long to test the recent high at 1.6522. But you are probably already long, aren't you M, lol. Coach

Daily Cable Analysis

Apologies to Yoda — Sorry Yoda. I got to thinking this might be turning into a Coach journal rather than a discussion about the topic of the thread. I may decide to start a journal of my trades, which might be better than clogging this thread ...

Why Binary Forex Options are better than Spot Forex

Third Trade — Here is my third trade. I did not want to take a chance with this trade. I noticed we were building some resistance on the 15 minute chart. With expiration of the option only 20 minutes away, it made sense to me to close the ...

Why Binary Forex Options are better than Spot Forex

Second Trade — The dollar is rallying some today, so I took a look at USD/JPY. Would have expired at 100. Oh well, 21 points profit is totally acceptable. Contract: Buy USD/JPY > .9518 at 12:00 PM Size: 10 Contracts ($10/Point) Entry: 75 ...

Why Binary Forex Options are better than Spot Forex

Early thoughts on intraday binaries — Hey Guys, I decided to wait and see how the news would affect the intraday binaries. As I learned a long time ago with news trading, usually if you trade the opposite of the initial spike after the news is ...

Why Binary Forex Options are better than Spot Forex

First Intraday Binary — Good day everyone, I just took my first intraday binary trade with Nadex. I treated it much like a scalp. I waited for price to pullback near last Friday's high at 1.4252 thinking we would have a bounce for support. ...

Why Binary Forex Options are better than Spot Forex

I will post my results, good or bad. Yes, it's important to trade the style you are most comfortable with. Coach

Why Binary Forex Options are better than Spot Forex

See...I KNOW this will work and it doesn't have to be that complicated. Thanks for posting your results. Congrats! I look forward to hearing more in the future. Coach

Why Binary Forex Options are better than Spot Forex

There is one other thing I want to consider before making my final decision between Nadex and IG Markets as a broker. Nadex offers two binary options that I want to take a look at. One is the weekly binary option. I have a mild interest in that one. ...

Why Binary Forex Options are better than Spot Forex

I like the fact that IG does not charge commissions. However with IG every binary option order is a market order. With Nadex you set the price you want to pay, at least that is what I remember from my limited experience with Nadex. Oh...the other ...

Why Binary Forex Options are better than Spot Forex

Just some food for thought: Start with a $1k account. Each day, the last two hours before expiration, look for that one really good binary for let's say 90 points. You decide to trade it with one full contract. The option then closes at 100. You ...

Why Binary Forex Options are better than Spot Forex

Hey Peter, So are these "borkers" some sort of new super duper brokers you have on the your side of the pond? (Just having fun with you) On a more serious note: Yeah we seem to be sooooo regulated here in the US. After all it's for our own good. ...

Why Binary Forex Options are better than Spot Forex

Yes it does help. Actually this week I did much better when I traded the binary when it was 1-3 hours before expiration. I traded price points from between 85 and 95 points where I stood to gain only 5 - 15 points profit. You know, in the ...

Why Binary Forex Options are better than Spot Forex