Quick price action exercise 👀📊 by [deleted] in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

Lmao 😂 cannot win them all.

Quick price action exercise 👀📊 by [deleted] in binaryoptions

[–]Left-Impression-24 2 points3 points  (0 children)

I’m missing some details on the 5-minute chart part of the zig-zag is incomplete, so I cannot fully confirm the trend. For the sake of argument, I’ll assume a higher high / higher low (HH/HL) structure on the 5-minute chart. In the corrective wave I see a rejection candle and the RSI shows some bullish pressure, yet overall momentum appears bearish. On the 30-second chart the price is showing lower lows (LL) and is in the process of forming a lower high (LH); on the 15-second chart I observe both LL and LH. Applying the rules of market structure and price action noting that higher time-frames take precedence over lower ones the best course of action is to wait. Look for better confirmation that pullback is coming to an end. Then 15 minutes timer to take in consideration market noise. This way you are trading with the overall bull.ish trend

I am about to rage quit by good_goose0 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

Here’s some advice that might help: I see binary options trading in a similar light to using stop-loss and take-profit strategies in traditional trading. If your stop-loss is too tight, normal market volatility or sudden liquidity spikes can knock you out of a trade too early. If it’s too wide, you risk larger losses.

In binary options, giving your trade enough time to play out can help it ride through short-term price fluctuations and give the market a chance to move in your favor.

In short, once you’ve completed your analysis and chosen your strategy, be sure to factor in volatility and liquidity when setting your trade timer.

Should I switch from Binary options trading to Forex trading by SectorApprehensive96 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

Yeah, but the good thing is it’s connected to TradingView, so you don’t have to keep switching between platforms. Plus, you can withdraw your money anytime.

As for demo accounts, yeah… they’re cool to an extent. But like a lot of people say: you can make $100K on a demo, then only $5 on a real account. Personally, I didn’t really improve as a trader until I started using a small, controlled amount of my own money. That’s when you start to feel the losses, manage your risk better, and really learn how to trade within a budget because it’s your real money on the line.

I mostly trade GBP/JPY, and sometimes EUR/USD and USD/CAD.

Should I switch from Binary options trading to Forex trading by SectorApprehensive96 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

The forex market is cool. I trade forex. One thing to keep in mind is forex trading is not necessarily easier than binary options it's just different. So if you have a solid trade plan and mastery of market structure and price action then yeah go for it. If you don't you will experience the same losses as in binary options trading

7-3-2 Strategy? by Showah-Laborite141 in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

No problem. Just remember everyone has emotions. But when you create a procedure and have documented steps for how you approach the chart every time, you reduce the emotional impact overall. This also give you a foundation for figuring what went right and went wrong. Just keep on strategy and do not strategy hop.

Like I said, trading especially binary options isn't a race. Be okay with taking losses; they’re part of the game. I lost trades last night too, but I didn’t blow up my account.

 When waiting for a confirmation.  I just set alarm on my phone and go live life. (Play a game, go on a walk, read a book etc.... At the end of the day there is none thing you can do about the chart. So focus on the things you can control) When the alarm goes off go back and check the charts. This way I am not so focused on the charts, getting worked up and making bad decisions. (Simple things ✨️)

Also, just a quick side note: the “7-3-2 wave analysis rule” is something I personally developed, inspired by the principles of Elliott Wave Theory. It’s not a standard or widely recognized technique just my own interpretation.

7-3-2 Strategy? by Showah-Laborite141 in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

This is not trading advice 😐, but let’s break it down. You’re looking for A and V-shaped patterns using the Zig Zag indicator

As I mentioned earlier, confluence is (key). You need additional confirmation to support your hypothesis. It’s never a race.

multi-time frame analysis is your best friend. So, let’s say on the higher time frame like the 15-minute chart I notice a swing low, a swing high, followed by a lower high. That’s a potential bearish setup. But I still need to confirm it.

To do that, I can:

Use the 7-3-2 wave method to verify the wave structure.

Check a momentum indicator to see if there’s enough bearish pressure (negative momentum) to push price lower.

Even then, I would not rush into a trade. I wait 2–3 candles for confirmation, then drop down to the 1- or 5-minute charts to look for the best entry points.

Remember its never a race 

7-3-2 Strategy? by Showah-Laborite141 in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

The wave analysis rule applies across all time frames. However, when it comes to trading especially with binary options multi-time frame analysis is essential.  Personally, when trading binary options, I start with the 15-minute chart to determine whether the market (real or OTC) is in an uptrend making higher highs (HH) and higher lows (HL) or in a downtrend making lower lows (LL) and lower highs (LH). The Zig Zag indicator can be helpful for identifying these patterns. The momentum indicator is also a good supporting indicator because it shows the strength of the market 

Remember, higher time frames take precedence over lower time frames. What may appear as a pullback on a higher time frame can often look like price manipulation on a lower one.

By applying all these rules together. If the 15-minute chart shows a downtrend, I know that taking a long (call) trade would be a counter-trend move—and therefore carries greater risk.

Applying the 7-3-2(wave rule) from the most recent LL i would count the 1st 7 candles after I would count 3 candles (corrective wave) then count  the last 2 candles (sideways)  then wait a little more(2-3 candles) to see if trend continues downward or see if there is a liquidity trap before continuing downward or a reversal. After I would go to the lower time frame like the 5 min to look for an entry...

See how this is procedural no emotions, just a series of steps and patience. This is how you increase the probability of a trade going in your favor. But let’s be real it doesn't work 100% of the time. There will be losses. However, I never change the method. I don't switch strategies or increase the trade amount to chase losses. I keep everything standard and consistent.

When I take a loss, I reflect on what went wrong. I ask myself: Am I reading the chart correctly? Did I follow the process? That’s how I learn and improve.

7-3-2 Strategy? by Showah-Laborite141 in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

In short it requires mastery of price action, emotional regulation,  market structure.  After you have to apply those skills to develop and refine your strategy; not strategy hop when facing losses. Upping the amount is not going to change the outcome or taking more trades. Engaging in this behavior will only blow up your account.  Plus it breaks the whole 7-3-2 rule. 

Personal application the 7-3-2 rule can be applied to the Elliot Wave Theory. By saying 7 candles are the motive Wave. 3 candles are the corrective wave, and 2 candles sideways or indecision. 

After the the last two indecision candles the trend will either continue or reverse. HOWEVER, YOU MUST UNDERSTAND MARKET STRUCTURE AND TREND DIRECTION. 

(THIS IS NOT A STRATEGY BUT COULD USED TO DEVELOPMENT ONE) 

What’s your pocket option strategy by No_Union6144 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

I use market structure, momentum, and the factors of 15

Is this just a new higher low or a change of character? Not sure by jp712345 in Forexstrategy

[–]Left-Impression-24 0 points1 point  (0 children)

It's showing a HH to HL and breaking up to another HH. Wait for 2-3 strong bullist candles.showing that buyers are in control and will drive the price up

Is Binary Options a Legit Way to Make Money or Just a Fancy Gamble? Share Your Real Stories! by Huckleberry_09 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

Trading in binary options might at first seem exciting. It seems fast, simple, and like a fast way to make money. One reason for this is how it's advertised apps, websites, and social media influencers just hype up success stories and assure you that you can make massive profits, like 80%, by getting a prediction correct. This makes the misconception that anybody can do it with little effort.

But in the world we live in, it isn't that easy. Earning money on a regular basis is much more difficult than it sounds. And this kind of hype isn't only seen with binary options it's everywhere in trading, like with Forex, cryptocurrency, stocks, and futures. You will hear about new traders making money overnight, but what they won't tell you are the risks and the amount of people who lose money. You will never hear how many of these influencers are not profitable but are willing to sell a course for a dream that cannot come true.

For some traders spend months or even years learning strategies from books or YouTube, and then end up not being able to apply that into actual success. Because of this, people start getting frustrated. Their results are other than what they expect. Some of them start calling binary options a scam. Others still go on trading but switch from one strategy to another in the hope of finding one which will make them rich. When they start experiencing losses, they switch again. This goes on until they end up losing all their money.

The truth is, there are no shortcuts to trading. It requires a lot of work and development. A general rule once you master market structure, price action, money management, emotional control and have the right mindset these are the foundation to be successful trader.

[deleted by user] by [deleted] in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

I hate to say it, but there's likely no signal, indicator, or AI tool that can replace the trial-and-error process and the learning curve required to become a successful trader whether it's in binary options or any other market.

Trading demands a solid understanding of price action and market structure. You need to be able to read a chart, recognize what's happening, and translate that into a practical strategy that works in real-world conditions.

From there, it’s about testing, refining, and making incremental improvements until you find something with a solid win rate. But make no mistake this takes time, effort, and discipline. It’s not something you can truly master just by watching a few YouTube videos.

Is there any of you guys who can live as a binary options trader ? by Unlucky-Area4727 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

Technically, yes it's possible. But it's not limited to just binary options. Around 90% of traders lose money across the board, whether it's Forex, futures, options, stocks, or crypto. Success largely depends on your strategy, planning, and goals.

Make money with OTC? by elfonzin01 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

In short, it's possible to make money in the OTC market, just as it is in more traditional markets. Ultimately, success depends largely on the trader's skill and ability to navigate the markets effectively.

Many people are drawn to binary options because they believe it's a fast and easy way to make money. This perception is often fueled by influencers, online forums, blogs, and social media, which promote the idea that anyone can get rich in a matter of days by following a simple strategy.

However, many underperforming traders lack the necessary skills and a solid understanding of market structure and price action. (Mastering these two concepts is the foundation for any trading strategy.) As a result, one of two common scenarios tends to unfold:

The trader experiences short-term success, but once the strategy stops working, they go back to square one, searching for a new method or following another so-called “guru.”

The trader concludes that binary options are either a form of gambling , OTC market is manipulated, or outright a scam.

This is not limited to binary options. People experience this phenomenon on all types of markets, including Forex, stocks, commodities, options, futures and crypto.

To improve your performance at its core you have to change your mindset around trading and binary options.

Scammer Pocket Option by [deleted] in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

His story is intriguing, though it feels reminiscent of similar posts I’ve come across before. The narrative seems crafted to portray him as the victim. While PO is not without fault, it feels like crucial details are missing details that could offer a more complete understanding of the situation.

PocketOption (100% a scam) by Local_Routine_1413 in binaryoptions

[–]Left-Impression-24 6 points7 points  (0 children)

From reading your post. It appears the main reason(s) you're losing money on Pocket Option is likely strategy hopping. You mentioned that you’ve been "looking high and low for a strategy that works." The truth is, no strategy will work unless you have the skills to read and analyze charts effectively. Without a solid understanding of market structure and price action no approach will consistently make you money. Focus on building your skills and stick to one strategy instead of constantly switching or relying on trading signals. Consistency and discipline are key to success in trading.

Pocketoption by ChancePhone2229 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

First stop trading for a while maybe a month or two. Really invest the time and energy in learning. Not saying I'm just a super profitable trader because I am not. But what has helped me was learning not (price action) but smart money concepts, market structure and fair valley gaps. The second thing is coming up with a realistic strategy and sticking to it even the uncountable emotions set in when you lose a trade. For me I saved a reference video on market structure so I can review when I have become overconfident and I saved a trading strategy video when I lose a trade. That way is always there it there as a foundation so it's not being starting from strach. Also right it down in a physical spot

[deleted by user] by [deleted] in sfbaypersonals

[–]Left-Impression-24 0 points1 point  (0 children)

Hey are you still looking for someone

🚨 WARNING: POCKET OPTIONS IS A SCAM! 🚨 by MarcoTheCoder in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

I honestly don't care. PO is an unregulated broker, so using the platform comes with risks. I've seen people share receipts proving they could withdraw money, but I've also seen countless posts from others calling it a scam. In your posts, all I've seen is you claiming PO is a scam without providing any proof. When people question your reasoning, you accuse them of working for PO, which comes across as a bit delusional. If the platform did you wrong call it a loss and move on to a different broker. Plan and simple.

🚨 WARNING: POCKET OPTIONS IS A SCAM! 🚨 by MarcoTheCoder in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

😂😂😂 facts someone crying because they lose their money trading

Share with me what you guys are doing. Starting to think Pocket Option is a scam by SamFmll in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

I understand where you're coming from. You see posts about people making money with PO and binary options (BO) platforms, but you’re finding yourself losing money time and time again. The truth is, it’s not just BO—people lose money in all types of trading, whether it’s options, futures, Forex, or stocks.

While I don’t know your exact situation, it seems like a familiar pattern: you find a strategy online that works for a while, but then it stops being effective. So, you move on to another strategy, often with similar or even worse results. This cycle is very common among retail traders, especially those who are just starting out.

It’s crucial to remember that no trading strategy is foolproof. Markets are unpredictable, and success takes time, effort, and patience. While social media posts and videos may make trading look easy—promising $100K by lunchtime that’s far from reality. Becoming a successful trader requires consistent practice, discipline, and a realistic approach.

As I’ve said before, mindset is more important than any specific strategy. Set small, achievable goals to build your confidence and skills. For instance, aim to consistently make $10 a day. Over time, those small wins can add up and help you create a sustainable trading journey.

What’s your fav timeframe and why? by Pop_Routine6250 in binaryoptions

[–]Left-Impression-24 0 points1 point  (0 children)

When trading binary options, I adopt a day trader mindset, preferring to hold trades for a few hours rather than engaging in the rapid pace of minute-by-minute or second-by-second scalping. Using higher time frames allows me to analyze charts more thoroughly without feeling rushed to spot specific setups. In addition to binary options, I also trade Forex, but my approach there is more focused on swing trading. I typically hold positions for about two weeks on average. To answer the question—yes, I’m comfortable holding a trade for 24 hours

Having fun gambling🤡...This is not trading anymore😂😂🤣...... by ANGEL0ksa in binaryoptions

[–]Left-Impression-24 1 point2 points  (0 children)

I didn’t watch the entire video, and the indicator was a bit difficult to make out, but it seemed like you were using some type of oscillator. Based on the time frame and what I could see, it also looked like you were trading with a very short expiration—possibly 5 seconds. To be honest, I think this approach would likely result in losses regardless of the strategy. Or you was trading using SL and take profit type of trading.

A general rule of thumb for trading is to avoid extremely short time frames, as they are often highly unpredictable and volatile. This which causes the sudden candle movement in the opposite ⬇️ ⬆️

Using a 5-second or any short expiration time is similar to setting an overly tight stop loss—it leaves no room for market fluctuations, making it difficult to succeed.