Originally posted by Michael Hodges.
This strategy is aptly named “Trading Off The Daily Charts” but it does not really give you an idea of what the strategy is. Yes, he is trading off the daily charts but the strategy is using Fibonacci Retracement and Stochastic crosses to give signals. This is basically a trend following strategy and one that I think is highly effective. Over and over again the author, in his post and in his comments (echoed by comments of other readers and reviewers) claims that it is a simple strategy. It is in a way, it is not complicated and it is easy to follow but it utilizes some very advanced techniques.
My Last Word
After reading this strategy I fell as thought the author has read my mind. This is the closest strategy to my own trading techniques I have seen so far. I like this strategy and will recommend it to anyone interested in trading weekly or monthly binary options. There is not much more I can say than this; I recommend this strategy to new and experienced traders alike. If you have the patience to wait for the proper set ups you will make net profits using this strategy.