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rekon67 replied Jan 30, 2014Overbought indication @ Market Scanner + reversal sign on RekonXs image
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
Post 806 Observation Scan performed on 27 forex currency pairs and only the good trending pairs are filtered on the dashboard, bad and choppy instruments are automatically filtered out. Only the highlighted Green or Red instruments are adviced to ...
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
We will return to stocks section again in mid-US session, we will watch the forex instruments for some time to understand the market just prior to US open. image
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
Post 804 Performed a scan on 10 instruments offered by my broker, scan result returned only one stock "RIO TINTO" to watch but it is not recomended for trading this hour, because the instrument is not highlighted with Buy(Green) or Sell (Red) signal.
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
Post 802 Observation: I lost the RnD trade again, It was around 2.30 hours trade and first 2 hours it was winner and lost in last 30 mins. If we analyze it further we will see the trade expired at Asian Market close, therefore in the last 30 mins ...
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
Post 798 and 799 Important observation: In a strong selling market atleast 2 indicators are "Yellow", indication of possible short term reversal or indecission in coming hours.
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
Post 796 One important observation here is, even the price is way below its support levels, but we are not looking out for contra entries, we need atleast 2 Yellow signals before we consider for 30-45 mins contra entry.
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
This one is again one RnD Trade, just to measure the strength of the trend. image
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
However, we should not overlook the fib levels and a good price to do a "With-trend entry", Neutral signals "White" and Overbought/oversold "Yellow" should be considered as a chance of price spike or consolidation.
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
A good set up, where we can watch for entry image
Rekon's Binary Option Trading with M15 Chart
- rekon67 replied Jan 30, 2014
Asian Market is in strong sell, if you are now noticing the ATR(14) it is now turned into "White" the volatility of the instruments are now "Less". This could be an early indication of a bear market. image
Rekon's Binary Option Trading with M15 Chart