Tommy, I've got my eye on this trade too. My 20 year chart shows the price reaching a 20 year support level. My Fib calculator puts the 100% right around the 20 year bottom as well; at least close enough to make me wait for a solid bounce off support. This one is certainly due for a correction. Thank you for your notes.
tommyb35
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Thank you for your comment
IndianapolisOutdoorsman
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Tommy, where did you get your Harmonic's software? On who's platform do you trade forex? I am an old Scottrade trader from the early 2000's and am new to Forex as well as new to the Harmonic's Scanner. I've been figuring out Nadex on a demo account for the last couple of weeks and have gotten to the point where I'm showing more green than red. I'm just trying to get a little more consistent at the green numbers. I really like the 9:1 ROI ratios.
Thad
IndianapolisOutdoorsman
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Tommy, I have some more questions if and when you can fit them into your schedule? I am in no hurry.
Nadex uses a Ladder Chart whereby their Binary Price Options are listed down the right side of the price chart. Is Nadex the only platform to do this? Some indices offer more Ladder Price Options than others on the Nadex Platform and I was curious to know if this is standard on all platforms or is it proprietary to Nadex?
In order to capture the highest possible ROI ratio I am having to place a long trade way out of the money. This usually takes the form of a 24 hour trade.
Are these 9:1 ratios available on other platforms closer to "In The Money" or "At The Money" trades? Are the 9:1 ratios available on shorter Option Time Frames like the 5 minute Binary?
Who determines the Bid / Offer Spread?
From some of the actual "viable" instructional videos I've watched on YouTube, I am thinking there is something to be said for the Pip-spread between the Bid and the Offer? The commentator did not elaborate on this in his video, but it caught my attention long enough to recognize a validity to the point he was trying to make. What insight, if any, is to be had from the pip-spread in a binary option contract?
I've bogged you down with enough questions for one night. Again, thank you for any direction you can give me to answering these questions.
Thad
tommyb35
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Thad,
I'm sorry, but I know nothing about binary options. Now any questions that you have about the forex market, go to the website babypips.com its great for information pertaining to how the market works, spreads, commissions etc.
Now as far as harmonic software, I don't use any. everything that I do is manual. I am actually in the process of starting an education company for forex. I am going to be putting out a six part pro trader course for free on my you tube page. I just started the you tube page, so I don't have anything up yet, but I will be releasing the first video in a couple of days. When I do I will post in trading view so anyone and everyone that wants to learn harmonics will be able to. I will also be teaching a whole lot more like, trade plan development, back testing, money management etc. I will also be giving away all of the custom spreadsheets that I have made. So keep an eye out, I will be posting the first video soon.