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By: Adam Stone
May 13th 2014 6:10am GMT, London UK
Binary options traders start the day with tends in mind. With the US stock markets rocking and rolling yesterday, optimism is at a month’s peak today. From those asked in recent phone surveys, we’ve found that 72% of binary traders believe that the the US market will heat up again today and head higher and thus allow up options on a break. The markets yesterday did very well considering the complete lack of energy seen in equities for over 10 days. The S&P closed the trading session up 0.97% to 1896 and is now in firm position to crack the 1900 level again.

The level hasn’t even been tested in months and this rock and roll atmosphere and incredible volatility seems to be ready for a real break higher. Not since April 4th has the market closed higher and this could mean a fast and strong move above the 1900 level today. Binary options traders are expected to pounce big and early if the break occurs and we can’t blame them. Daniel Gant, of the GOptions dealing room said that “if the break comes early in the session, the prevailing strategy will likely be up options for end of day expiries. We don’t expect much in the way of strong volume for short term trades on a break but the choppiness we’ve seen of late, if it is to resume, could put a massive dent in liquidity. If the break doesn’t come early in the session or at least a steady incline isn’t seen, then the break will be in jeopardy and reversal strategies will begin making themselves seen.”

SP with binary options 13-5-2014

For those inclined to take reversal strategies, this will likely be a mid-late session strategy which will allow binary options traders to take down options on the tests of 1899-1900 today. Any test of the level later in the session, assuming lack of momentum indicators pointing higher, will allow lower risk reversal strategy adoption. For binary options traders such situations are desirable as the per trade risk is rather low.

For those preferring forex trading, keep in mind the moves of the EUR/USD, keep focused on the as of late unbreakable level of the support at 1.3745. The support level has been tested and re-tested many times of late but with no break in sight. If the break is to happen, going down is the way to go but it doesn’t look likely today. So binary options traders might take a risk and go with reversal strategies, which worked brilliantly yesterday as the market bounced off the support repeatedly. Taking up options on each test of the support looks much lower in risk levels than normal due to the repeated battering of this level with no dents.

Keep it tight and focused though with smaller trades on this one. Keep to shorter expiries ranging from 5-20 minutes at most as well.

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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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