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Thread: exxon goes down

  1. #1
    Active Member

    exxon goes down !!!

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    after examining the curve, i just guessed the price of exxon mobil would go down.  but, it was purely a guess based on what the curve looked like.
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  2. #2
    Active Member
    so, what does this mean? i don't even know if i won or loss.

  3. #3
    Active Member
    looks to me like this didn't go high or low, it stayed the same. but, i wasn't given an option of "stay the same". i was told to trade either high or low.

  4. #4
    Legendry Member Okane's Avatar
    Hey please look in your profile

  5. #5
    Legendry Member Okane's Avatar
    Hey! It means it was an strike!
    That is when price at expiry is neither above or below
    your target price (entry).

    Yes, you are only given HIGH/LOW options=Call/Put.
    So your price must be above if you chose high to win
    or below if you chose put for a win.

    There other types of options as well, boundary and touch / no touch.
    But in this example you were trading High/Low.

    Did I answer your questions? I strongly suggest you read this article:
    http://www.binaryoptionsthatsuck.com...d-explanation/

    Also go through our preschool it should answer most of your common questions about
    binary options .
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  6. #6
    Active Member
    i thought i won, but didn't know for sure.
    yea, i've been through the preschool here. but, there are still some things you really don't understand until you get your hands dirty trading. so, that's why i asked. so call = higher and put = lower?

  7. #7
    Legendry Member Okane's Avatar
    Quote Originally Posted by cmassen1 View Post
    i thought i won, but didn't know for sure.
    yea, i've been through the preschool here. but, there are still some things you really don't understand until you get your hands dirty trading. so, that's why i asked. so call = higher and put = lower?
    Of course and you SHOULD ask!
    That's why we are here .
    Yes, Call/Long/go long/high/ and sometimes above basically indicate an option that is supposed to end up at a higher price.
    And Put/Short/ go short/Low and sometimes below indicates options that should end at a lower price than your target
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  8. #8
    Active Member
    Quote Originally Posted by Okane View Post
    Of course and you SHOULD ask!
    That's why we are here .
    Yes, Call/Long/go long/high/ and sometimes above basically indicate an option that is supposed to end up at a higher price.
    And Put/Short/ go short/Low and sometimes below indicates options that should end at a lower price than your target
    thank you, now to learn the more complicated ones i guess (touch, no touch, etc.).

  9. #9
    Legendry Member Okane's Avatar
    Ok, well, here you go; I took this one for you:

    It is a Touch Option I just took, I observed EUR/USD and my
    analysis told me price would go up to 1.5420 ("42" levels are kind of important for this pair)
    so instead of taking a call I just took a touch, "betting" on that EUR/USD would touch an upper
    limit within a limited timeframe.

    Here is a picture that illustrates it, the black dot is my entry, the lower you pick
    your entry the lower the limit will be, if price is jumping up already then it's kind of too late
    as it would also raise your above limit "touch limit".
    Let me know if it's still confusing.

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  10. #10
    Legendry Member Okane's Avatar
    I meant 1.15420 of course.
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