Binary options pinocchio strategy

Binary options pinocchio strategy

The strategy of trading binary options for beginners. Strategy "Bar of Pinocchio". The Pin-Bar strategy. The "Falling Star" strategy. Pinocchio strategy. By benjamin • Posted in Binary Options Professional • No Comments. You probably remember the famous pinocchio character. It is a wooden doll and when it is lying the nose of the doll starts to grow. Something similiar happens in this strategy as you will see but insted of the nose, the candle bar is trying to lie us here. The Pinocchio binary options trading strategy is simple to apply and is a good choice for beginners who are looking for a rapid way of making money. This strategy is fairly simple as it requires only a basic market knowledge and no experience of analysing data with technical trading tools in order to get started/5(6).

The Pinocchio Strategy

This strategy is worked on a specific type of candle. A Pinocchio bar aka Pin bar had a long wick nose and a small body, binary options pinocchio strategy. The wick part becomes longer as a price goes in one direction and then retraces, binary options pinocchio strategy. Based on the length of the wick, the probability of the price going in the opposite direction becomes higher, proving that the original trend is false the lie.

When you look at the longer wick, it means that the sellers the bears or Put traders took the price down the lowest point of the wick but the buyers bulls or Call traders entered the market and the price then increased. This shows on the candle as a binary options pinocchio strategy body and a long lower wick. This often means that the price will continue rising as this type of candle shows rejection of the previous trend.

When looking at a bullish Pinocchio bar, the opposite of the above applies. Binary options pinocchio strategy simplest form of this strategy would be buying a Put on the up wick and buying a Call on the down wickbut to get better results you need to complicate the strategy a little.

Combine this strategy with technical indicators and price action will give you a little more security on your signals. Add in resistance and support binary options pinocchio strategy, trend lines, oversold and overbought levels, confluence and divergence and you are likely to get the right results.

You would need to start by being able to identify the Pinocchio type candle and then start the homework to look at trends, ranges and so forth to see when to enter.

This is not the simplest strategy to use as a beginner as you cannot simply trade when you see the Pin bar and if you are not experienced in gauging the market you may not be successful with your trade.

There are a number of factors that can affect the trend and it is better to have clear confirmation after noting the Pinocchio bar before entering a trade. This strategy does however work well in a trending market if you only trade with the trend and in ranging markets.

It is an extremely accurate and reliable strategy as the Pin bar clearly shows the behaviour of the market participants, binary options pinocchio strategy. This bar also allows you to identify false breaks in a trend and allows you to avoid the inevitable trend change indicted by the Pinocchio bar.

To ensure a good trade it is recommended to watch for a number of other factors to give a good signal and not to just trade based binary options pinocchio strategy the Pin bar alone. This strategy is better when used for forex trading but can also be used successfully for binary option trading with some minor adaptions and the use of a few extra indicators. How to use our strategies from Best-Binary-Options-Strategy, binary options pinocchio strategy. How does it work?

Tips and tricks with this strategy This is not the simplest strategy to use as a beginner as you cannot simply trade when you see the Pin bar and if you are not experienced in gauging the market you may not be successful with your trade. The Strategy. Strategy categories 15 minute strategies 2 minute strategies 30 minute strategies 5 minute strategies 60 second strategies All Binary Options Strategies Hour strategies News Other strategies Technical Analysis Strategy.

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The Pinocchio Binary Options strategy is one of the most reliable strategies with an astonishing high accuracy if used correctly. Learn from the trading experts. 9/9/ · Pinocchio Binary Options Trading Strategy. This strategy is worked on a specific type of candle. A Pinocchio bar (aka Pin bar) had a long wick (nose) and a small body. The wick part becomes longer as a price goes in one direction and then retraces. Based on the length of the wick, the probability of the price going in the opposite direction becomes. The strategy of trading binary options for beginners. Strategy "Bar of Pinocchio". The Pin-Bar strategy. The "Falling Star" strategy.