FX:GBPUSD   British Pound / U.S. Dollar
50 2 1
This is my method of trading Binary Options for the past 5 years trading only 30 minutes and hourly expiries. This method works 65 to 70% of the time and there are filters to further increase the winning %. We are not worried whether price goes up or down. If it goes up, we SELL or place PUT options as it hits our SELL ZONES and buy, areas where it drops and hit our BUY Zones. As required with any form of trading, no strategy works all the time.

Avoid over trading. Will observe how these zones marked plays out in the days ahead. Money Management helps survive bad phases. Sticking to rules helps avoid emotional trading and maintain right psychology.

We are looking to place CALL or PUT options in the confluence area of Buy/Sell Zones in confluence with Support and Resistance on hourly candles with 30 minutes / 60 minutes expiries.

Will post results of the trades taken based on the areas marked.

In my 5 years of experience trading GBPUSD             , I find GBPUSD             to be the most volatile during hourly closing and winning % is lower?
Comment: PUT option at 1.46964 or higher expired ITM
PUT Option at 1.46593 or higher expired OTM
CALL Option at 1.45777 or lower expired ITM

CALL Option at 1.45415 or lower cam too close to entry on the hour. WIll take it as OTM.

It was a huge drop on GBPUSD
Comment: Not considering retests results:

2 ITM Vs. 2 OTM
so if you buy a call option now at at 1.4541 and price never reaches that zone you still make money, up, down or sideways as long as it doesn't go lower then 1.4541
I trade Binary Options where CALL option is taken when price hits 1.4541 or lower for hourly expiry. Price has to close above the entry at the expiry to be in profit.
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