Pivot point strategy for binary options

The strategy described in this article is a Touch strategy.

Pivot Point Bear Binary Options trading Strategy

Download the Pivot Points Touch Strategy for Binary Options. The indicator plots pivot points which will serve as areas of support and resistance for price action.

A Touch strategy requires determination of direction as well as range, and two pivot points straddling price action will provide this. The key to the trade is to allow the price action to bounce on the lower pivot or be rejected at the upper pivot, so as to be sure that the price will stay in between both pivots. This is demonstrated below.

Trading Binary Options Using Pivot Points

As is seen on the chart above, the focus of attention is the third area where price touched a pivot point located above it green line. The strike price for the Touch trade has been set at With this in view, a TOUCH trade is initiated, knowing that the price action heading downwards, would trigger the Touch strike. As a rule, the trade must be kept open for as long as possible so that there is a good chance of the strike price being hit.

If the trade is setup with the 1 hour chart as is shown in this example, then the expiry time chosen must be up to two or even three hours. For this strategy, the reversal of price action on the pivot lines provides the direction for the trade. With a little practice, it should be easier for the trader to pull of f successful Touch trades using this strategy.

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Pivot Points and How they Help

Chart Setup MetaTrader4 Indicators: Preferred Time Frame s: Any Recommended Trading Sessions: Depends on when the indicator signal appears on the chart. TOUCH ENTRY RULES If the trader intends to select Touch for the trade, the following is done: Wait for the price to either bounce on the pivot line below, or be rejected at the pivot line above. If yes, the trader should select TOUCH as it is most likely the strike price will be hit by price action.

If no, wait for the next opportunity. Expiry for TOUCH Trade As a rule, the trade must be kept open for as long as possible so that there is a good chance of the strike price being hit.

Free Download Download the Pivot Points Touch Strategy for Binary Options About The Trading Indicator The daily-pivot-points. You might like these related posts Click Here to Leave a Comment Below 1 comments.

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