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At the risk of stating the obvious, the reader will not be able to replicate this strategy exactly. What I am doing here is demonstrating the efficacy of Nadex listed binary options by way of a real time example.
However, if CL is between 92.50 and 93.50 at 2:30 the position loses $42 as the short binary settles at 100 and the long binary settles at zero. Still, the trade risks $42 to make $58, a better than even money bet, in just a little less than 4 hours time.
A hold below 92.27 has initial target of 91.80 for a retest of the bottom of the PRZ. A break down of 91.80 has the extended targets 91.48, 91.23 and 90.73, so these become targets and potential bounce points once price arrives there.
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Political factors (e.g. Involvement of central banks in the gold market. Mining companies (production outputs) governments increasing or reducing their gold stockpiles). Speculative activity by traders in response to economic situations. Global demand for jewellery.
This means that the market as a whole believes that there is bwtween a 90 and 92 percent chance that CL will be above that level on expiration. The market in that binary options australia regulated militia at this writing is 90 bid and 92 offered.
Crude oil (CLV14:NYM) is currently testing a bullish PRZ (potential reversal zone) for an Alternate Bullish Bat, the longer price holds above 92.27, the higher the probability of retracement mode attempt. This has a target of 93.34 and scaling point, aka a potential rejection point, at 92.68. I consider 92.68 a directional bias shift level because a hold above there invalidates a bearish cross and increases probability of testing 93.34 or higher.
Unfortuneately I cannot find the 2 trading videos you speak abouit and was hoping you could please email me them to [email protected] and CC to [email protected] subject 60 Second BO training videos.
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They may not account for intraday changes in gold prices, but any factors that cause radical shifts in production of gold will impact prices in a sustained fashion. An instance is the South African gold miners’ strike some years ago, which limited gold production and sent gold prices soaring. The impact of any changes in production outputs by mining companies in the major gold producing companies of the world are key influences on gold prices.
