Posted by mifune

A 3/3 ITM Day

in Mifune, Trading Strategy Articles on Jun. 05, 2013

June 1, 2013 I started watched the EUR/USD from around 1AM-5AM EST and found nothing worth trading. The trade I really wanted was a put option at the touch of the 61.8% Fibonacci retracement level on the 2:45 candle. Unfortunately, it came 3/10th’s of a pip short of touching the Fib level, so I never […]

Trading the Same Price Level More than Once

in Mifune, Trading Strategy Articles on May. 28, 2013

May 28, 2013 Finding a price level that continuously holds over and over again can be very profitable. It comes up fairly rarely, but occasionally you will find a level in the market that holds every time and tends to consolidate along that price level for extended periods of time yet never quite breaks through […]

Back with a short-term binary trade

in Mifune, Trading Strategy Articles on May. 27, 2013

May 27, 2013 Hello, everyone. It’s been quite a while since I last posted here to my blog. Rest assured, I’m still trading, but I’ve shifted almost all of my focus to swing¬†trading spot forex¬†recently, mainly focusing on the four-hour and daily timeframes. It’s been much less time intensive so it blends well with my […]

An Afternoon Trade

in Mifune, Trading Strategy Articles on Jan. 06, 2013

Today I’m going to share the thinking behind a trade I made back on November 28, 2012. When trading short-term binaries (i.e., 10- or 15-minute expiries), I usually trade the European session, which begins at 3AM EST and occasionally some of the New York session (begins at 9:30AM EST). However, I took this trade at […]