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BINARY OPTIONS TRADING: NEW YEAR’S STYLE

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
December 31st 2013 6:30am GMT, London UK
 
Well, that’s really it. It’s the end of 2013 and now with just a number of trading hours left, it’s time to reflect. But before we get all teary-eyed about that year that was, let’s still give the last day of trading a bit of respect. Sure, the market will be light on tradable assets. Only the US market will have a true full day of trading today. Here are the trading hours you this need to be made aware of (by clicking the “i” at the top of the page, you can always keep up to date with the trading hours available or see below the analysis).

For today, binary options traders will likely focus primarily on the forex paris which will have slightly more available than stocks or indices. Notice though that liquidity will be at its lowest level of the year. Today is the single lightest trading day of the year and many assets will be affected by the massive reduction in cash and liquidity. As such, sudden moves in the market could be both a snowball in wait or simply an extreme move in a vacuum. In other words, we recommend you err to the side of caution as you scope the charts today looking for bargains. Just because something suddenly makes a move lower, or higher, doesn’t mean this will be the actual trend for the coming seconds, minutes, or hours. Simply keep your moves tight and trades to an extremely low risk level for the day ahead.

For example, look at the EUR/USD. The massive move from early on the 27th was basically a dramatic false break. Since the move above the resistance at 1.3810, which was big enough to actually profit off of but can still be classified as a false break, the market for the currency pair has once again entrenched itself in between the boundaries of the above resistance level and the support at 1.3705. For us as traders this is a sizable range but it’s very manageable considering that the average daily move of the EUR/USD is approximately 90 pips per day, so it’s about that size.

EUR/USD with binary options 31-12-2013

So play off of these levels and stay clear of unidentified moves unrelated to the real support/resistance levels

———-TRADING HOURS NEW YEAR’S EVE————

The platforms will close early at 22:00GMT

*60 sec will work from 06:00GMT-21:00GMT

*LADDER will not be available.

Major exchanges are closed except for;

Asia                                                    Middle East

Australia –till 03:30GMT             Israel

China                                                 Saudi Arabia

India                                                  Dubai

Europe

Markets are closed except for;

UK– early closed at 12:30GMT

France– early closed at 13:00GMT

Spain-early close at 13:00GMT

Russia-regular session

U.S: Regular session

A larger verity of one Touch options will accompany the entire day.

———————-

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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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