On Friday, I began trading the EUR/USD around 5AM EST and ended up with two solid trades. The USD/CHF, my usual mainstay, was very choppy and inconducive to trading for me personally (see below screenshot), so I simply decided to switch to the EUR/USD, which seemed a lot friendlier. The EUR/USD market appeared very straightforward […]
I ended up finding and taking a trade right off the bat on the USD/CHF. The market had just formed an area of support at 0.92071 and was re-testing it again on the 2:25 (EST) candlestick. I took a call option at the re-touch of the level on the 2:30 candle and saw it progressively […]
I began watching the USD/CHF a little before 12AM EST. I gave it only marginal attention for the first couple hours as very little volume was in the market and I was basically just waiting for it to make a move. In terms of price levels, I had the daily pivot level of 0.92633 available, […]
I started watching the USD/CHF at around midnight EST. Immediately the first price level that jumped out at me was the 61.8% Fibonacci retracement. This was the major 61.8% Fib (relevant to the price move 0.70675-1.06387) that has been showing up on a regular basis in the USD/CHF. In fact, this was the eighth consecutive […]
On Monday, I broke from my normal routine of trading 15-minute expiries from the 5-minute chart in favor of “60-second” binary options. For one, I simply felt like breaking things up a bit for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, as it’s now offered by many […]
Thursday’s USD/CHF market was basically insipid the entire morning before U.S. jobless claims data were released. In total, I was only able to find one set-up that I felt was worth taking. Between the times I watched the market (3:00AM-8:30AM EST), the USD/CHF strictly traded in only about a twenty-pip range. It reminded me a […]
Just like on Monday, my Fibonacci retracement lines and pivot points definitely helped a ton in trading the USD/CHF. I started watching the market around midnight EST as price was coming down from the daily pivot point. The first two hours were pretty uneventful. The market doesn’t move much between 12AM-2AM EST since neither the […]
Monday turned out to be a really good trading day and I got a lot of help from the only technical indicators that I use for binary options trading – daily pivot points and Fibonacci retracements. When I started watching the pair around 2:30AM EST, the USD/CHF was in an uptrend after consolidating around the […]
I traded four set-ups on the USD/CHF on Thursday, over the course of a trading window spanning from about 1:30AM-6:30AM EST. You’ll notice in my screenshots that I have more red horizontal price level lines than usual, but two of them are actually from the previous day – 0.93513 and 0.93718 – both levels at […]
I began watching the USD/CHF just before 6:30AM EST. At this point, the pair was finally beginning to break out of a tight, elongated channel that had just consumed the previous ninety minutes of price history. Even if I had been watching the asset at this point, it’s doubtful I would have taken a trade […]