Pinocchio is one of my favourite Forex trading strategies and from my experience with it I can tell you it has a 70% win rate with a Risk:Reward ratio (sometimes I hold on to the trade for R:R). However, it is better to see confluence of several factors when trading this one, not just the Pinocchio bar This strategy is called the Pinocchio strategy. More completely, it is the Pinocchio Binary Options Trading Strategy, and is also more commonly known as the Pin Bar strategy. We’ll see why in a bit. This strategy is a well-known and widely-used strategy for traders who are experienced in the market analysis and other related technical research. There is zero probability of false breaks when using the One of the most common and popular strategies for trading binary options is called the Pinocchio Strategy. You are familiar with what they call candles on technical charts. Each candle on a technical chart can tell us up to five pieces of information
Pinocchio Trading Strategy - You Don't Have to Lie for Profitable Trading
We have emphasized over and over again the need to find and implement an effective binary options strategy if you are going to be successful at trading in this market. There are several good ones to choose from and of those, opinions differ as to which ones work the best and you can be the most successful with. One of the most common and popular strategies for trading binary options is called the Pinocchio Strategy.
You are familiar with what they call candles on technical charts. Each candle on a technical chart can tell us up to five pieces of information. The body, or the fat part of the candlestick, tells us what price the asset opened at and closed at. It also has a wick at either end of the candle which represents the highest and lowest prices that the asset was traded at for during the time period of the candle.
Once you learn how to interpret candles you can decipher these types of technical charts very easily, pinocchio binary options trading strategy. The Pinocchio strategy is called such because it looks at candles which have small bodies and very large wicks; these are called Pinocchio or Pin Bars.
It is pinocchio binary options trading strategy this point that most veteran traders will then place trades against the current trend. When the long wick is pointed down you should place a call option and when the long wick is pointed up you would place a put option.
Pinocchio strategy is an easy to apply strategy that is excellent for beginners to make some quick money with.
The profits extracting strategy is effective in more than one type of trading also because Pinocchio strategy can be used in either binary options trading or for trading currency pairs. Pinocchio candles can be easily seen on technical charts of both commodities and indexes and that makes them useful for placing trades that are profitable for you right away.
There are three necessary components that pertain to using Pinocchio Strategy. The first is that when you use the strategy, it will always be composed of at least one candle and maybe more.
Second, the candle will either be clearly white or dark this is called being strongly marked and lastly it will tell you if the market is bearish or bullish so you will know as to which direction to place the trade.
So what signals do you look for to make a successful trade using a Pinocchio bar strategy? A Pinocchio bar that you are going to base a binary options trade on should have a long wick or be shadow coded in a way that it directs against the current trend.
The next is that you place a put or call option on the information based on the third candle trending pinocchio binary options trading strategy or downward; this third candle is said to shadow or block the Pinocchio bar body.
Follow these keys and you should be able to make a successful and profitable trade when using Pinocchio Strategy. Your email address will not be published, pinocchio binary options trading strategy. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
It is pinocchio binary options trading strategy to procure user consent prior to running these cookies on your website. Effective trading strategy Pinocchio Binary Options Trading Strategy 1 Comment. Recommended Binary Option Brokers : Min. Invest Min.
Deposit Max. Author Recent Posts. Follow us, pinocchio binary options trading strategy. John Miller, pinocchio binary options trading strategy. Author at 7 Binary Options. John Miller is the main author of content here at 7 Binary Options, pinocchio binary options trading strategy.
Latest posts by John Miller see all, pinocchio binary options trading strategy. Interview of Daria Glazko from IQ Option - July 20, IQoption Adds New Deposit Feature and Forms New Partnership - July 5, How Binary Options Changed My Life and Got Me Out of Debt - June 7, Related content: System for Binary Options Trading — Binary Options… Dark-Cloud Cover Elliott Waves. Leave a Reply Cancel reply Your email address will not be published. This website uses cookies to improve your experience.
We'll assume you're ok pinocchio binary options trading strategy this, but you can opt-out if you wish. Accept Read More. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website.
We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies.
But opting out of some of these cookies may affect your browsing experience. Necessary Necessary. Non-necessary Non-necessary.
Best Binary Options Strategy 2021 - 2 Min Strategy Live Session!
, time: 13:35Pinocchio Binary Options Trading Strategy - Suck or Doesn't?
Pinocchio is one of my favourite Forex trading strategies and from my experience with it I can tell you it has a 70% win rate with a Risk:Reward ratio (sometimes I hold on to the trade for R:R). However, it is better to see confluence of several factors when trading this one, not just the Pinocchio bar 9/9/ · Pinocchio Binary Options Trading Strategy. This strategy is worked on a specific type of candle. A Pinocchio bar (aka Pin bar) had a long wick (nose) and a small body. The wick part becomes longer as a price goes in one direction and then retraces. Based on the length of the wick, the probability of the price going in the opposite direction becomes /5 All the financial trading strategies combine to deliver good results. When used correctly, Pinocchio binary options strategy can have high accuracy. The first part shows bulls pushing the price higher. Then, the bears come strongly and make the price lower. It ends up in a bearish Pinocchio bar. The opposite is a bullish pin bar. Pinocchio strategy sniffs for false breakouts
No comments:
Post a Comment