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  1. #1
    Rookie Member pastexknights's Avatar

    Tom Jacobs - Pastexknights Diary !!!

    Okay So far I don't have a open trading platform that I like. But I trade upper trend and downward trend lines, It is risky trading but I have made it work for my self. I use a software what is called a trend radar which lets me know if trend is weak, or med. trend or strong trend. Then I wait for break away, that breaks the floor or ceiling. After 3 trades I stop to see where the the new floor or ceiling will be. The other way is I see a trend and place $1 trade $5 trade $10 trade $25 trade $100 trade until I win. and start over to the $1 after win. But I came here to learn how to do long term trades with strategies and indicators. Plus learn more from others, to become better. So this is my diary and will add more later when I find the right broker for me.

  2. #2
    Legendry Member Okane's Avatar
    Quote Originally Posted by pastexknights View Post
    Okay So far I don't have a open trading platform that I like. But I trade upper trend and downward trend lines, It is risky trading but I have made it work for my self. I use a software what is called a trend radar which lets me know if trend is weak, or med. trend or strong trend. Then I wait for break away, that breaks the floor or ceiling. After 3 trades I stop to see where the the new floor or ceiling will be. The other way is I see a trend and place $1 trade $5 trade $10 trade $25 trade $100 trade until I win. and start over to the $1 after win. But I came here to learn how to do long term trades with strategies and indicators. Plus learn more from others, to become better. So this is my diary and will add more later when I find the right broker for me.
    Hey glad to see your diary here!
    That betting is called Martingale and it sucks.
    Just increasing the investment and hoping you win is no good.
    You can of course use WINNING Martingale where you only double up the earnings
    by never the standard balance.
    Cause what happens if you lose more than just 5 trades in a row? Sooner or later that will happen
    and will you just keep increasing the amount or do you always stop at 100?
    Maybe you already understand this.

    About the software; remember it is only displaying what it can calculate from the candlesticks
    so in the meanwhile try and learn how to read the candles and also form your own opinion on the trends.
    You should check out some other trading diaries here and see what others do!
    BTW feel free to use lightshot for printscreens and share some pictures with us on your charts.
    Always save JPEG and you can mark your entry and expiry with an arrow and X on the chart so we can give feedback!
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  3. #3
    Administrator Martin Kay's Avatar
    Quote Originally Posted by pastexknights View Post
    Okay So far I don't have a open trading platform that I like. But I trade upper trend and downward trend lines, It is risky trading but I have made it work for my self. I use a software what is called a trend radar which lets me know if trend is weak, or med. trend or strong trend. Then I wait for break away, that breaks the floor or ceiling. After 3 trades I stop to see where the the new floor or ceiling will be. The other way is I see a trend and place $1 trade $5 trade $10 trade $25 trade $100 trade until I win. and start over to the $1 after win. But I came here to learn how to do long term trades with strategies and indicators. Plus learn more from others, to become better. So this is my diary and will add more later when I find the right broker for me.
    Im not a big fan of martingale when it comes to Binary Options. Im using this system while in the casino (don't get to go there much often, but when I do - I'm all in the martingale (: ). The problem is the return. When you use a martingale, there are only 2 possible options - yes or no, in or out, red or black. The outcome should be 100% return for a win, and 0% for a loss. Now in Binary, the outcome is usually around the 70-85%, while you might get a mere 1-3% for a loss. That means you have to raise your "bet" more then doubling it. If you're already martingaling, better go to the casino and play the roulette. On the contrary to the casino, in binary, the player has an edge over the house. So if you do your analysis right, you have a greater chance of winning.
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  4. #4
    Moderator Kolyo's Avatar
    Martin gave you good points here! You won't make money long term if you trade binaries with martingale. There is no way, unless you have infinitely deep pockets, but I am sure you don't
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  5. #5
    Legendry Member willyw's Avatar
    Yes it is not advisable to avoid using Martingale

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