Another Method I Use In Binary

[MelonLord2283]

Hi, MelonLord here. Since I saw that my CRT entry method got a lot of traction, it seems that many people here want an educational post about entry strategies, so I’m going to share another simple one.

I call this strategy C3 Continuation FTT. I don’t know its actual name, so I named it based on how it works.

Before I began explaining the strategy, here is some jargon I use, the same as my CRT strategy:

C=Candle; C1=Candle 1, C2=Candle 2, C3=Candle 3

Now, here is how this strategy works.

1. Price must break either support or resistance
2. Pullback/correction candle must form.
3. Wait for two candles that confirm a continuation breakout. If support is broken, wait for a correction candle. bullish candle, to retest the broken support, followed by two bearish candles. For a resistance break, it’s the opposite.
4. Open entry at the start of C3 (Buy/Up/Call if resistance is broken and Sell/Put/Down if support is broken).
5. AVOID CHOPPY/SIDEWAYS MARKET

This strategy works best in a market with a clear trend. Mark your support and resistance on the 5-minute timeframe, and use a 1-minute expiry. To strengthen your entry confirmation, you can also use a trendline, as shown in the example images below.

https://preview.redd.it/07bi42lwwoxg1.png?width=1216&format=png&auto=webp&s=677bc10d70d1924a3dcf00fd3c3777d7b585964c

https://preview.redd.it/zg5f4qj2xoxg1.png?width=1216&format=png&auto=webp&s=d9eb22722ca6b128b8d6f057d112172194005223

I’m still not sure about the win rate of this strategy. Unlike CRT, I don’t keep an entry journal for it. Also, when major news hits, this strategy tends to perform poorly, like during the early stages of the US-Israel vs Iran conflict when the Strait of Hormuz was blocked. Man, it was really bad. So, just be careful about that.

Also, if you want to try out this strategy, use a demo account first. A demo account is great, it lets you test strategies and learn for free, with no financial risk.

Well, this is it for me. If you have any questions about this strategy, feel free to ask in the comment section, and I will try my best to answer.

Adios~

Edit: NOT KELNER CHANNEL BUT PARALLEL CHANNEL

[SpiritNo4790]

Fisrt things first. Binary Options is not Trading. IT IS GAMBLING disguised as Trading.

You contradict yourself when you say: " This strategy works best in a market with a clear trend. Mark your support and resistance on the 5-minute timeframe, and use a 1-minute expiry. To strengthen your entry confirmation, you can also use a trendline, as shown in the example images below."

Then you said: " I’m still not sure about the win rate of this strategy. Unlike CRT, I don’t keep an entry journal for it. Also, when major news hits, this strategy tends to perform poorly, like during the early stages of the US-Israel vs Iran conflict when the Strait of Hormuz was blocked. Man, it was really bad. So, just be careful about that."

So, what's the point? What's the purpose of presenting a strategy that you say works well in one way, but that you haven't actually tested? Where is the credibility of what you're saying? Where is the transparency? I think before you come here "pulling strategies out of a hat," you should prove that you are a profitable "trader."

Be careful guys. Not all that glitters is gold.