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  1. #1
    Rookie Member TaoMarx's Avatar

    Just a Testimonial From a Newbie (sort of...) !!!

    Hello community!

    My first post, hope to contribute.

    So, first thing: you can do this!
    Yes, for real, no hyped bs or something of the kind, no I'm not selling anything.

    Just here to tell YOU, who is struggling to survive the Internet jungle: One more time, yes, you can do it!
    I've been into binary option for a couple of days and struggling to make money online for 3 years!!
    And yes, I lost my first account to some signals that were far from the 80-90% initially claimed, In reality, I was getting 44% of profitable trades from their signals..no need to say: receipt for disaster!

    Well, I'm not really a newbie to the financial market. I know a thing or two about technical analysis...
    So, I'm on vacation right now, perfect timing!
    I lost a $300.00 deposit and another $500.00 deposit the same...

    So I decided to hear my guts and my technical analysis small knowledge..

    Well, it worked big time, I've made $1.334.45 today!!
    How?
    Simple: keep it to the basics.
    Technical Analysis: M1 - Bollinger Bands - Volume - RSI
    If it touches the superior BB, be ready to go SHORT...(but keep track of the RSI and Volume)
    If you lose the trades, keep doubling the investment until the market breaths down and you make it.

    Loads of details, sorry for the rush, but it works. Just be aware that, it's really risky since you have to double your position Within a supposedly losing trade. So, don't fool yourself, this is a great technic but you have to set your own limits and stop losses parameters or if you don't: THIS BINARY OPTION STRATEGY HAS THE POTENTIAL TO MAKE YOU LOSE ALL YOUR BROKER'S ACCOUNT BALANCE! In another words, yes, you can lose all your money...
    Timeframe: 60 seconds.

    Monday, I will put it to the test again.
    I'll keep u all posted.
    Regards,

    Ps: forget all the rest, just focus in one thing on this post: yes, it's real and you can do it. Second, you will need to learn a couple of things or two..but in the end you will be fine because it's basic technical analysis, anyone can learn. But, as soon as you see the results, dig deeper and extend your knowledge and profits!

  2. #2
    Administrator Martin Kay's Avatar
    Hi Tao, thanks for sharing this with us! I moved your thread to our Strategies and Systems room since this post deserves the full attention of our members and PROS. Could you share some screenshots with us? Im always interested in cracking the "60 seconds code"

  3. #3
    Veteran Member hchandra's Avatar
    Looking forward to see posted trade and of course the screenshots,
    It's always interesting to crack "60 seconds code" and how to keep track Bollinger Bands - Volume - RSI in 60 seconds chart

  4. #4
    Master Member Bogdan G's Avatar
    In other words, we sell when price is going up and buy when price is going down? And keep doing this until the market finally agrees with us or we blow our account? Good luck... it will never work.

  5. #5
    Specialist Member marvel's Avatar
    Thanks for sharing TaoMarx! The strategy is interesting and I am sure it is pretty sure it is profitable.. until eventually a big one directional move wipe out your entire account Using martingale without statistical evidence and without Stop Loss strategy is really blowing away everyone who is trying to make consistently money out of it. This could work for a while, but be very careful if you want to use this strategy for long time. Always use a reset function when the position become too large, otherwise you will lose all your money in one trade. I doubt that in the long run you could survive on this one, unless you are super professional scalper

  6. #6
    Legendry Member willyw's Avatar
    Quote Originally Posted by Bogdan G View Post
    In other words, we sell when price is going up and buy when price is going down? And keep doing this until the market finally agrees with us or we blow our account? Good luck... it will never work.
    I agree with you, Bogdan

  7. #7
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Martingale.
    If you r sure about success of ur technical analysis, then why r you doubling ur investment each time you loose? You r not only risking your capital but also extending learning curve as u r trying "shortcut" strategies.

  8. #8
    Veteran Member hchandra's Avatar
    About this one
    "If you lose the trades, keep doubling the investment until the market breaths down and you make it."

    I just realize after others mention "Martingale", reading the post carefully second time,
    I don't think this strategy for me or any newbie here. Someone who do martingale is someone who cannot accept loss and persistently try to prove he/she is right while its not about right or wrong in trading. I suggest to avoid this strategy if you are still new because if not careful you will wipe everything after doubling.
    risking 0.5% initially, you only have 6-7 times chance to loss until you wipe your account.(1%-2%-4%-8%-16%-32%-64%)

  9. #9
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    QUOTE=hchandra;22133]
    Someone who do martingale is someone who cannot accept loss and persistently try to prove he/she is right while its not about right or wrong in trading. [/QUOTE]

    Yes. Martingale users rely more on "luck" and less on strategy. They win as long as "luck" is on their side. A single series of loss is enough to wipe whole capital. Martingale is against basic rules of trading - "patience and discipline

  10. #10
    Legendry Member willyw's Avatar
    Martingale is just gambling your captial away. If you lost that means your analysis is wrong or the market has turned, why don't you switch your trade and you can recover your losses faster.

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