Binary scanner users, how do you choose which markets to trade from among the markets that display in the binary scanner? And not only which markets, but which contract prices and which direction (buy or sell)?
You understand this is an impossibly long question?
Let me help shorten it down for you.
You don’t choose binaries based on binaries. You choose what to do based on the underlying market.
All decisions should be made based on the underlying market charts.
Form a bias - long (itm/otm/atm), short (itm/otm/atm), neutral (butterflies) or random walk (up or down - ie strangle) (ie i do butterflies before news - i do butteflies and strangles and straddles after news) I trade directional 1 hour or less before expiraiton - and a lot in the last 15 minutes of expiration and I am always directional I trade core seasonality based trades using the ITM/ATM binary at 11 AM ET I trade elite all day long using the binary scanner but i use the elite charts to choose what i want to do
Then put in the paramaters for that trade ie if i am doing butteflies or premium collection - i choosse 0 to 1 hour till expiration - risk 65-95 - if i am doing butterflies this will narrow my list down of availble choices - if i am doing directional premium collection i will choose buy or sell if i am doing core i may click on the ATM and unclick OTM with filters narrowing down to the traditional daily expiration I can go on and on and on - its all about what strategy you want to implement
I choose markets based on News, which ones are giving APEX Elite alerts, Market noise or forex advance/decline meter you can see in the elite trade room, or upon what markets are up for expiration, or what markets are range bound at that time.
I choose direction based on elite charts, fx meter, market noise
This is a discussion that this entire website encompasses
You need to pick a strategy you are going to trade and narrow it down from there to market time of day and the system you will use to implement the strategy from there you can easily filter down the binaries. I suggest starting with the Elite Trial to get you going if you are not on it yet.
