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BINARY OPTIONS STRATEGIES FOR THE TRADING DAY

BITCOIN 781.950 11:20 03.12
BitCoin/CNY 5382.550 11:20 03.12
BITCOIN 782.045 11:00 03.12
BitCoin/CNY 5383.210 11:00 03.12
BITCOIN 782.136 10:40 03.12
BitCoin/CNY 5383.835 10:40 03.12
BITCOIN 782.186 10:20 03.12
BitCoin/CNY 5384.175 10:20 03.12
BITCOIN 782.498 10:00 03.12
BitCoin/CNY 5386.325 10:00 03.12
BITCOIN 780.288 09:40 03.12
BitCoin/CNY 5371.115 09:40 03.12
BITCOIN 781.315 09:20 03.12
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By: Adam Stone
July 21st 2014 5:19am GMT, London UK
 

Binary options trading for the week ahead will have plenty to focus on as binary traders look to sink their teeth into more profitable opportunities. The S&P, the perennial front running, non-forex asset, tradable asset is looking to make headlines with a breakout above 2000. This past week, we hope this would occur a number of times but alas, binary options trading strategies had to look elsewhere. With the S&P closing the previous week at 1978.22 leaving the index a measly 1.12% remaining till the break is upon us. Unfortunately for binary options traders, this means more time to wait. The uptrend is not doubted on any level and a break is certainly imminent, but the distance is too great to expect a break today.

For binary options traders though, don’t be discouraged by this fact. Simply keep the S&P index on your watch list for the entire week and don’t concern yourself with the issue of a lack of a break. Today though is not likely to be the day we break a new record of this magnitude.

So for today specifically, binary options trading will more likely than not refocus on fast moving forex pairs. Much like last week where we placed a great deal of emphasis on less analyzed pairs like the AUD/USD and others of this type, we believe that the coming trading days will magnify the need for faster moving binary options trading pairs. Other fast movers like the GBP pairs ie. GBP/USD, GBP/CHF, GBP/JPY, and others will likely keep binary options traders in the fray.

But don’t be fooled by fast movers. As fast as they can move in your direction, being overly zealous about trend-trading such pairs could be the recipe for disaster. As such, keep the trading low risk and short in expiry.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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