Binary options trading in action
A highly respected trader, trainer, author, and speaker residing in North Carolina. She has over 15 years of experience in trading and in the development of custom indicators. She is a successful author and has published several books on topics like how to use volume analysis, trading binary options and spreads.
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I am nowhere near done reading them, they are huge books, and not the easiest ones on the shelf to read….. Sometimes I have to re-read a page to grasp what was said, and I may read all three of these books over again just to let it sink in.
They are hard to read, but they are the best source of what price action is to me. I will be applying some of the concepts from those books in my trading, and I will do it as I read the books, so bear with me it may take a while.
So lets have a look at what I did today, this is the first day I started trading since I stopped when the markets were getting a bit crazy and scarce. One thing I do not do is trade during December; everything just seems sporadic to me so I stay away.
Plus it gives me time to focus on family and friends; otherwise my head is stuck in the books lol. Anyways I made four trades today, and three of them were ITM. I have made a slight modification to my charting setup, nothing big really, just I changed and added an extra EMA to the chart.
Once it reached it again I waited for some other form of confluence. We can see that the overall trend was down, and there was a bearish inside bar that formed after the candle that reached the EMA.
To help things out further the Value Chart was at the level which also signaled a possible overbought situation.