9/9/ · Pinocchio Binary Options Trading Strategy. This strategy is worked on a specific type of candle. A Pinocchio bar (aka Pin bar) had a long wick (nose) and a small body. The wick part becomes longer as a price goes in one direction and then retraces. Based on the length of the wick, the probability of the price going in the opposite direction becomes /5 One of the most common and popular strategies for trading binary options is called the Pinocchio Strategy. You are familiar with what they call candles on technical charts. Each candle on a technical chart can tell us up to five pieces of blogger.comted Reading Time: 4 mins This strategy is called the Pinocchio strategy. More completely, it is the Pinocchio Binary Options Trading Strategy, and is also more commonly known as the Pin Bar strategy. We’ll see why in a bit. This strategy is a well-known and widely-used strategy for traders who are experienced in the market analysis and other related technical research. There is zero probability of false breaks when using the
blogger.com - best binary options strategy Ресурсы и информация.
The same thing happens with the Pin bar: the wick becomes longer as price goes in one direction and then it retraces. The longer the wick, the higher the probability that price will go the opposite way and that the initial direction was a lie. This is how a bullish Pinocchio looks like:. At that time it looked like they are in complete control.
Soon after, the bulls aka buyers, aka Call guys came in the market and took price higher. The result of this behaviour is a long pinocchio binary options trading strategy wick and a small body. The consequence of this behaviour is that often price will continue higher because this type of candle is a clear sign of rejection. The strategy consists of buying a Put if the wick is up and buying a Call if the wick is down.
Support and Resistance, trend lines, overbought and oversold levels, pinocchio binary options trading strategy, divergence, confluence and more will come together to give you the results you are looking for.
Then you will take into consideration trend, ranges and all the other stuff. So the Pinocchio strategy is not very pinocchio binary options trading strategy friendly even if it looks easy enough in the beginning. This one works in trending markets, assuming you only take trades in line with the trend and in ranging markets.
This is of course an example for a bearish Pinocchio bar and the opposite applies for a bullish Pin. Well, my friends, did you ever got caught in a false breakout? I know I did. No more: the Pinocchio strategy also helps us identify a false break of a trend line, a support or resistance level or a false breakout from a range, pinocchio binary options trading strategy.
Even if in the first half an hour or so, price is strongly advancing above resistance, wait for the candle to close because if the candle will become a Pinocchio by the end of the hour, it will more often than not come down some more in the next candles, pinocchio binary options trading strategy.
By waiting to see if the bar becomes a Pinocchio, you just avoided the false break and now you have a clear indication what the market wants to do. Nice going, Pinocchio! However, it is better to see confluence of several factors when trading this one, not just the Pinocchio bar. And always be aware that I have used it mainly for Forex, not Binary Options, pinocchio binary options trading strategy.
Choose wisely, according to market conditions, of course. For any Questions about Pinocchio Strategy visit our forum here. com Popular Reviews 24Option IQ Option Nadex HighLow Ayrex eToro BDSwiss Binary. com IG OptionRobot Bitcoin Code Tesler App Binary Robot Crypto Robot GreenFields Capital The Bitcoin Trader BinBot Pro The Crypto Genius.
Why does the Pinocchio Strategy Suck? All Rights Reserved. Home About Us Our Writers Disclaimer Contact Us. Please be noted that all information provided by ThatSucks.
com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
MAGIC INDICATORS - NEVER LOSE in options trading - TRY TO BELIEVE
, time: 11:48Pinocchio Strategy- Binary Options Trading - Binary
The Pinocchio binary options trading strategy is simple to apply and is a good choice for beginners who are looking for a rapid way of making money. This strategy is fairly simple as it requires only a basic market knowledge and no experience of analysing data with technical trading tools in order to get started/5(6) Pinocchio is one of my favourite Forex trading strategies and from my experience with it I can tell you it has a 70% win rate with a Risk:Reward ratio (sometimes I hold on to the trade for R:R). However, it is better to see confluence of several factors when trading this one, not just the Pinocchio blogger.comted Reading Time: 5 mins 9/9/ · Pinocchio Binary Options Trading Strategy. This strategy is worked on a specific type of candle. A Pinocchio bar (aka Pin bar) had a long wick (nose) and a small body. The wick part becomes longer as a price goes in one direction and then retraces. Based on the length of the wick, the probability of the price going in the opposite direction becomes /5
No comments:
Post a Comment