Trading Blogs

ProfitBinary Trading Alerts for 6-5-2012

BUYS: 13 Alerts - ALL 40 pt alerts

SELLS:   0 Alerts

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

none

Hope everyone had a great weekend, don't know about you but it feels good to be behind the charts again! Today was a great start to the week up 0 to start.

I want to discuss the use of Bolinger Bands, a new strategy I have been using. Basically, I am using the bands to show me when price has made a pullback. This could be up or down. In the chart you will see that price pulled back up to the top bolinger band (white dashed line). Now there is no real way of knowing when to sell you just need to use your best judgement or hopefully there is a trendline in place to help guide you in your trade. Today this is the only strategy I traded and it worked out great, tomorrow could be a different day. 

In this case the sell formed and as you can see price steadily went down. Alternatively, you could have used this same strategy to buy at the bottom of the bolinger band. This is a very simple way of trading the swings as price gets stressed out in a certain direction. Again please remember the bands are not 100% accurate and do require perfect timing. 

ProfitBinary Trading Alerts for 6-4-2012

BUYS: 14 Alerts - 6 40 pt alerts

SELLS:   1 Alert

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

Today I sat back and did not trade. There were a few trade opportunities but overall they were not that good. Lots of news came out early in the day, unemployment skyrocketed, and since that the market has not moved enough to create positive chances to trade.  If you have not noticed a lot of what I am trading is based on pullbacks and trends.

There were chances to get little profits here and there but you must remember the risk has to be worth the reward. Ideally, you want to have the most minimal amount of risk and a very high reward.

I have talked about this before, don�t force your trades and most importantly manage your risk!

If you have any questions or comments on the blogs please feel free to ask and I will respond.  

Almost the weekend and what a way we are heading into it. I wanted to show you early what you could have done already today!

Yet again we have a perfect formation of a double bottom making for a large 5 point profit. On the chart you will see the 3 main points that you need for a potential double bottom.

• Point 1 is the formation of a new low and low of the day at this point.
• Point 2 is the pull back up. Point can also be a great sell opportunity as price entered the moving average marked by the blue circle.
• As it goes back down and tests the low this is when you can enter the trade. Price does test the low but then shoots back up completing the formation of the double bottom.
• Additionally, as price hits the top of the trend again that marks another great sell opportunity.

If all trades were taken you would have made a total of almost 15 points in less than two hours! 

We are currently upgrading our Profit Binary trade alert scans.  There will be no PB alerts available for Wednesday, 5/30.  Alerts will resume for Thursday, 5/31.

Thank you very much for your understanding!

ProfitBinary Trading Alerts for 5-31-2012

BUYS: 7 Alerts - 3 40 pt alerts

SELLS:   2 Alerts

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

 It has been a very lackluster day on the market. So far I have only seen two quality trade and my order did not get filled as it was above where price went.

I think that investors are hanging back due to Spain and the US jobs report which is supposed to come out a lot lower than expected. Overall, that does not affect my trades and it should not influence you either. Your focus should be on your strategy and that alone.

Below is a great Moving Average sell and a weak double top but, still a double top. These are the only two good trades I have seen today. Based on my moving average and trendlines price has not moved enough to make any trades reasonable.

On days like today remember there is no reason to force trades, there will always be more tomorrow or the next day. 

I want to discuss entries and exits today. A lot of what I have discussed previously, in regards to trendlines and double tops/double bottoms, mark your entry and exit points for you.

Today there was a very nice double bottom after the market died down from a frenzied start. The bottom trendline marks the low of the day and you can see price tests it and then bounces up into the sell zone of my moving average. This sell would have been the first trade marked by the red arrow.

As price moved back down it tested the low again. This would have been my exit from the sell as I was expecting a bounce forming a double bottom. It did exactly that and price went back up. Once price bounced back up I can then draw the parallel trendline at the top. Again price test the 1326 level marking my exit from the buy and forming a great sell. My exit from the second red arrow sell would have been in the buy zone of the moving average as shown by the circle.

Hopefully this has demonstrated proper entry and exits using a simple moving average and looking for proper double bottom/double tops.I want to discuss entries and exits today. A lot of what I have discussed previously, in regards to trendlines and double tops/double bottoms, mark your entry and exit points for you.

Today there was a very nice double bottom after the market died down from a frenzied start. The bottom trendline marks the low of the day and you can see price tests it and then bounces up into the sell zone of my moving average. This sell would have been the first trade marked by the red arrow.

As price moved back down it tested the low again. This would have been my exit from the sell as I was expecting a bounce forming a double bottom. It did exactly that and price went back up. Once price bounced back up I can then draw the parallel trendline at the top. Again price test the 1326 level marking my exit from the buy and forming a great sell. My exit from the second red arrow sell would have been in the buy zone of the moving average as shown by the circle.

Hopefully this has demonstrated proper entry and exits using a simple moving average and looking for proper double bottom/double tops.