First, understand what “OTC Binary Options” are and are not … it’s not a real
market, it’s a made up market of bullshit constructed and driven by very
sophisticated AI software where the collective of all the house players LOSE
MONEY … there is no getting around this fact, and in the collective, it’s a
“negative expectation” game where the house takes approximately 2% - 5% of
monies bet as their “vig” … market action has no basis in reality other than
what the software generates … any expiration other than 30s IMHO is a scam.
Not a scam in the usual sense, but in the sense that you have almost ZERO
CHANCE OF MAKING PROFIT ONCE LOSING TRADES ENTER THE PICTURE
CUZ OF THE 0.95 : 1 PAYOUT RATIO THAT NEVER CHANGES … in order to
recover from losing streaks, you will be forced to raise your bet size, and from
that second the house owns you lock, stock, & barrel … in order to win this
game, you have to follow 2 rules … 1) ONLY bet at oscillator extremes, and
2) never ever forget RULE #1! … winning trades are made by those who are first
to the move, which is not recognized by the collective spec community
… everything else is bullshit, designed to take your money … be a part of the
first group and you make consistent money … be late and join crowded trades
and you will consistently lose … choice is yours!
You want to pick a market that is wildly popular and is volatile in the real market
… my 2 favorites are Bitcoin [BTCUSDT] & Gold [XAUUSD], which have a very
wide following of traders looking to give money away … on the IQCENT
TRADING PLATFORM, all you need is the normal “stochastic”, which is found in
the library of indicators … set it at default [5,3,3] and pick your colors … set
“levels" at “80” and “20” and pick color … set your bet size and expiration at
30s, and now you’re ready to go … directly below, a screenshot of BTCUSDT.
More aggressive traders can set their oscillator levels at 75 & 25 to capture more
trades, but personally I prefer to use 80 & 20 … you can see that for both markets,
there are plenty of long & short opportunities where the oscillator gets above 80
and below 20 … what to watch when making a LONG [BUY] trade is the green
[fast] oscillator line that turns up when at or below 20, or turns down at or above
80 when making a SHORT [SELL] trade … you can choose to pick one side or the
other or play both sides … remember, this isn’t real in the sense it represents
either of these markets, cuz it’s simply a computer simulation run by AI software,
with the obvious intent to make sure the house ALWAYS WINS … CHOOSING ONE
SIDE OR THE OTHER BASED ON WHETHER BITCOIN AND/OR GOLD IS IN A
BULL/BEAR MARKET IS MEANINGLESS HERE IN THESE TRADING SCENARIOS
… what’s really happening is that you are either getting long [buy trade] before
the crowd, or getting short [sell trade] before the crowd … and especially in
anything binary options, you never want to be with the crowd cuz they will
consistently lose money! … that’s why you ONLY trade at the extremes … once
you make a 30s expiration trade, you simply then wait for the next extreme level
to occur and do it again! … if you attempt to do trades like this with 5s or 15s
expirations, the computer software will gut you like a fish for dinner, with the
most likely scenario of your position going negative in the last couple of
seconds before expiration … “oh, so sorry you lose!” … and once they bang
you out price goes back profitable if you still had it on … this is what happens
at the shorter expirations and it happens so frequently, it will piss you off to no
end and aggravate the Hell out of you ‘til you see purple!
I’m more amenable to trading like this with BTCUSDT over XAUUSD for a number
of reasons … 1) Bitcoin moves faster and farther … 2) the trade logistics suggest
moves are more trending once started than the stop/start bullshit that can
frequently happen in gold … 3) many times the payout ratio for OTC BTCUSDT is
at 98%, and I’ve never seen gold this high … and 4) IMHO you’ll get more trades
at both extremes more often than in gold or any other pair, usually averaging
somewhere between 5 - 8 trades per hour at a MINIMUM … if BTC is “flying high”
and going bat shit crazy [BSC] with multiple tons of players, this most likely will
be higher.
Quite frankly, this is the only way I’d play the binary options side of things, despite
the plethora of losers on YouTube only interested in clickbait, who say they turn
$1.98 into $40 million by lunch … sure, sure they do … everybody is a millionaire
on YouTube, just ask them! … my best estimate is that with almost a 1:1 payout
reward / risk scenario, this will be profitable 75% - 80%+ of the time and make
consistent gains … under no circumstances would I double or triple up on bet
size after a loss, cuz that only plays into the hands of the house … you simply
have to understand that if you do that your account is gone … not “IF”, but only
“WHEN” … sooner or later, most likely sooner!, so don’t do it.
I would also mention that scalping EURUSD with a 0.2 PIP bid/offer spread and
no commissions, is in and of itself a “quasi binary option” scenario with definite
advantages when viewed from the proper perspective … broken down into
components, scalping is nothing more than a series of interconnected binary
option decisions taken by the trader for his/her benefit WITHOUT the obvious
market disadvantage of not being a real market versus a very real one! … and
you skip the bullshit of getting banged out 1 second from expiration with a
mystery tick that loses the bet … this doesn’t happen in real markets obviously
… quite frankly, when you add it all up, IMHO I think most people with trading
experience under their belt would be better off scalping EURUSD … very small
accounts or Newbies to trading most likely benefit the most from their fuckups
when trading by utilizing small bet sizes to limit risk in the binary options realm
… but, to each his own, and it ain’t my job to be your MOM and tell you what to do
… I try and guide people with optimal scenarios to give you MAX flexibility, and
then you decide what’s best for you.
Turning to today’s “Slots-A-Rama” inside the world’s largest & most corrupt
casino, we get retail sales at 8:30 AM EST, and a slew of FED LOUNGE LIZARDS
pontificating later … rates staying stubbornly high, currently 4.77% on the
10 YR. … and given that, neither gold or EURUSD wants to break, but we’ll see
what retail sales are before any conclusions can be made … well, that escalated
quickly didn’t it? … sigma miss to the upside for retail sales, and the 10 YR.
goes to 4.824%, just a tad short of the old high rates seen a week or so ago
… can gold rally into this? … and EURUSD? … I don’t see how given the data,
but maybe it’s “baked into the cake” already.
Bumbling Biden to Israel tomorrow … oh won’t this be comedy gold? … as if
things aren’t serious enough, he’s gonna try and arm twist BIBI to go soft on
Hamas … and if BIBI does that, it’ll be the biggest mistake he’s ever made … in
any event, don’t expect good outcomes if Biden is around to fuck things up,
cuz that’s all he’s done his entire life … the guy is a boneheaded disaster.
I know it’ll come as a shocking coincidence to my readers, but the high of the
day so far for EURUSD comes right at the London Fix … amazing how that
works isn’t it? … no manipulation here! … nothing to see here Sheeple, move
along! … and with tensions cooling down into Biden’s unplanned but planned
visit to Israel tomorrow, I’m a little surprised gold held up and rallied a bit given
much higher rates on retail sales … ditto with EURUSD, but at least with
EURUSD rates in the E.U. up even more than the U.S. … now into the afternoon,
and I’m expecting slow death on a stick to the close … another day of shit
ranges given the news flow, and quite frankly outside of scalping in EURUSD,
which was half decent, other markets like gold just can’t get going, and as a
result all we get is “chop” inside of yo-yo action.
No gold trades for the PAMM today, as I refuse to get sucked in and trade gold
looking for pennies per OZ. as anything called “victory” … outside of WWIII
starting, gold has some strong headwinds going forward into the 1930 range
and beyond to the upside, and as anyone who has ever traded gold knows,
when it breaks it doesn’t usually fuck around, it goes … and takes sell stops
with it … and so far, we haven’t seen anything close to that from $100 ago
… gold really should be doing better than it’s showing, and quite frankly it ain’t
showing much outside of last Friday’s melt up … over at IQCENT, some light
volume trades in EURUSD, and “The Syndicate” is UP APPROXIMATELY 0.2%
… didn’t really start trading this until retail sales was out of the way, and I’m a
little surprised it held up as well as it did given the data … and as you already
know, the market is never wrong! … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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