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By: Adam Stone
July 17th 2014 5:19am GMT, London UK
 

Binary options trading is ready to pounce on some serious trading opportunities today. Are you ready ? For starters, the uptrend in US equities is yielding a payload of trades and signals now, unseen for many weeks. While it may take a bit more time to fully develop, the binary options trading world should be readying itself for a series of trades that could send your trading account from meh to woohoo in minutes.

The S&P stock index in the US climbed up higher again yesterday and is in position to break above the key resistance at 2000 now. Finishing the day just under 1982 at 1981.57, binary traders need to get prepared for a day where a near 1% move lifts the index above the resistance. While the current expectation and likelihood is at an all-time high for such a move, the timing might be slightly less exciting seeing as how a full 1% move in addition to follow through may be a bit hard for the index to muster today. However this doesn’t mean by any stretch that your binary options trading strategy should overlook this incredible index today. Quite the contrary in fact. The index is a completely acceptable asset for the trading day ahead and with even a local break above the trend-line resistance at 1984, binary options traders can start getting involved. Sure, it is very possible that the real break we are waiting for comes along in only 1-3 days but it doesn’t mean you need sit on the sidelines until this. Take an up option on a break of 1984 today with a smaller trade in mind. Keep things simple and monitor the RSI for any major fluctuations. If the RSI oscillates near or around neutral territory, it could mean the end of the up-trend which is why we recommend keeping trades to a smaller size.

However, if this seems overly complicated for the average trader, using a binary options trading strategy on forex pairs may be a better course of action for the day ahead. Our series on the AUD/USD continues today with focus on reversal strategies on any and all tests of the fibonacci support based band at .9312. A break of course should lead binary options trading strategies to shift to break based strategies. However, we are more inclined to view the current chart formations with a higher proclivity towards the upside and this despite the last few days’ downward motion. Look for a reversal trade on the tests of the support and take up options on moves by the market to or very near to the support level.

AUDUSD WITH BINARY OPTIONS 17-7-2014

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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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