The noted chart is USDJPY 15 mn chart, an any time frames that you look at to trade , you should note if PAIR is in a trending or in a (confluence) ranging narrow sideways price action. Can you trade anytime? YES. Should you trade any time? NO. This is for money management and continuing to profit, while trading binary options. The most risky times to trade binary options are when price action is in a tight narrow ranging sideways/confluence area, without any obvious direction or TREND.
The best time beside trading in a trending price action to trade is by having PATIENCE and waiting for a pair to make a breakout of a of a confluence area, either up or down. Wait for candlestick to close out of this area, for safety. This is not a time to anticipate, but to wait for close of candlestick. Noted on USDJPY 15 mn chart are area's of narrow side ways or confluence areas (orange oval areas/rectangle). These MOSTLY happen at support and resistance levels.
*Whatever time-frames that yo trade, unless pair is in a TREND, wait for breakout of a tight price action area, before entering a new trade. If you trade trending pairs, move on to a pair which is showing momentum, not ranging PA. Most people have mentally of I am in front of computer & want to trade NOW, so they trade... this is risky behavior!!
The best time beside trading in a trending price action to trade is by having PATIENCE and waiting for a pair to make a breakout of a of a confluence area, either up or down. Wait for candlestick to close out of this area, for safety. This is not a time to anticipate, but to wait for close of candlestick. Noted on USDJPY 15 mn chart are area's of narrow side ways or confluence areas (orange oval areas/rectangle). These MOSTLY happen at support and resistance levels.
*Whatever time-frames that yo trade, unless pair is in a TREND, wait for breakout of a tight price action area, before entering a new trade. If you trade trending pairs, move on to a pair which is showing momentum, not ranging PA. Most people have mentally of I am in front of computer & want to trade NOW, so they trade... this is risky behavior!!