The Real Signals Trading Pattern For Binary Options

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The Real Signals Trading Pattern For Binary Options

I have already written about the signals provider, called The Real Signals (Article Binary options the real signals). But it’s triggered a flood of questions in my email, so I’d like to clarify all the important things. �� Is this signal provider a scam? How much do such signals cost? Let’s have a closer look!

The real signals are not a scam.

I have subscribed to these signals for 3 months which gave me a sufficient time to have a closer look at them and apparently, what I’ve found, was not a scam, but a credible signal provider.

The owner of this site is probably a trader, himself. He generates the signals and publishes them on the website. He even writes a commentary to most of them.

There could be a signal on the GBP/USD – be prepared!

Signals’ results

Any signal that appears in the system is recorded in history. According to this history, the signals are perfectly profitable in the long term. This doesn’t look really trustworthy – They could only share the good signals and delete those, from the history, that haven’t worked out or least not save them – right?

That’s why, the first 3 week, I’ve only been observing whether OTM signals appear in history at all. Believe it or not: I haven’t noticed a single signal that hasn’t been saved.

According to statistics, there are approximately 6 successful and two unsuccessful signals, daily.

This signal provider is very honest with their subscribers. This is a message they’ve sent out after sending a losing signal.

The history looks great. Sometimes we’ve noticed up to 20 successful signals in a row. However, sometimes there were 5 in a row that haven’t worked out. Therefore I do not recommend trading using martingale (Martingale binary options) but rather follow the right money management just as the administrator of the signals advises.

Why would anyone share their signals?

Another question that comes to most people’s minds is: Why would someone share their signals? Why doesn’t he trade them himself?

The answer is simple: Money.

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Signals are not free: they costs 80 € for 30 days. But this looks like a ridiculously low amount to me. Let’s think about this.

If in those 30 days (approximately 21 trading days ) we earn more than 80 €, the rest goes into our pockets. If you deposit $ 250 with an average profit of 77% and have 10 successful trades of $ 10 each, you’ve already made enough mone to pay for the subscription. But we have to count with some trades that won’t work out. However, if the signals continue an average of 71%, and we traded with $ 10 for each transaction no matter what, we’ll earn $ 80 in 2 or 3 days and the rest is for us.

Back to the topic: Why does the admin share them? Because he gets paid for them. I don’t know how many people subscribe to these signals , but let’s say there might 50. That is € 4,000 profit for the admin each month – at no risk. I think it’s a simple math. ��

Get a 20% discount on signals, right now

Step, do you trade using these signals?

Yes! I (sometimes) trade by these signals. Take a look below, at my trades with stockpair from 13th June 2020 and next to it are The Real Signals. It works! ��

Final recommendations

I recommend all trades to be executed with the broker IQ Option (IQ Option review). All currency pairs can be traded with a decent profit of around 75 %. Good luck!

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Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Candlestick Patterns for Binary Trading

We learned that candlestick charting is a useful and popular way to perform technical analysis for binary options. Using candlestick charting, patterns are clearer and easier to identify. Many who have used this type of charting technique demonstrated highly accurate returns. It is used by many binary options investment to make sure that their investment proves successful during a trade.

Now that we know the construction of candlesticks, let us take a look at some of the pertinent patterns of candlesticks that may be useful for analysis of binary options. Candlestick patterns consist of around forty reversal and continuation patterns. All of which have dependable probabilities of indicating an accurate future direction of price movement. We saw how candlesticks show price movement including highs and lows. This should give a binary options trader an idea on whether to make a call or put on his next trade.

In this article, we discuss the eleven major candlestick patterns that provide enough trade situations and information for traders to forecast. These eleven major patterns should be mastered by heart but this does not mean that the remaining secondary patterns should not be considered. In fact those signals are extremely effective for producing profits. They may occur very rarely, but for the new trader, mastering these eleven is crucial for that first profit.

One of the advantages of candlestick binary options trading analysis is that it does not require memorizing long formulas or ratios. It is a visual representation of the trends and does not require financial education to effectively utilize this technique. The signals and patterns are easy to see as illustrated below.

To review, when you can see an asset price closing higher than where it opened, this will produce a green candle. An asset price closing lower than where it opened creates a red candle. The boxes that form are called the Real Body, and extremes of the daily price movement are represented by the lines extending from the body called Shadows. Let’s take a look at some other candlestick patterns.

A Doji is formed when the open and the close values are the same or are very close. The length of the shadows are non pertinent because they still close at the same price. The Japanese interpretation of the Doji is that the bulls and the bears are conflicting. The appearance of a Doji should alert the trader of major decision.

Gravestone Doji

The Gravestone Doji is formed when the open and the close occur at the low of the day. This pattern is occasionally found at market bottoms. It’s name, Gravestone, is taken by the way it looks like a gravestone.

The Doji has one or two very long shadows. Dojis are often signs of market highs. If the open and the close are in the center of the session’s trading range, the signal is referred to as a Rickshaw Man (from the mode of transportation). The roots of candlesticks believe that these signals mean that the trend has “lost its sense of direction”.

Bullish Engulfing Pattern

The Bullish Engulfing Pattern is formed at the end of a downtrend. As seen, a green body is formed that opens lower and closes higher than the red candle open and close from the previous day. This complete engulfing of the previous day’s body represents an overwhelming buying pressure and a dissipating selling pressure.

Bearish Engulfing Pattern

The Bearish Engulfing Pattern is the direct opposite of the bullish pattern. This pattern is created at the end of an market. The red real body completely engulfs the previous day’s red body. This shows that the bearish trends are now overwhelming the bullish ones.

Dark Cloud Cover

The Dark Cloud Cover is a bearish pattern found at the end of an upturn or at the top of a tight trading area. The first day of the pattern is a strong green real body. The second day’s price opens higher than any of the previous day’s trading range.

Piercing Pattern

The Piercing Pattern indicates a bottom reversal. It is a pattern at the end of a declining market. The first day real body is red. The second day is a long green body. The green day opens sharply lower reaching under the trading range of the previous day. The price comes up to where it closes above half of the red body.

Hammer and

The Hammer and are candlesticks with long lower shadows and small real bodies. The bodies are at the top of the trading session. This pattern at the bottom of the downtrend is called a Hammer because it is hammering out a base.

Morning Star

The Morning Star projects a bottom reversal signal. Like the planet Mercury (Morning Star), it foretells the sunrise, or the rising prices. This pattern consists of a three day signal.

Evening Star

The Evening Star is the exact opposite of the morning star. Like Venus (Evening Star), this occurs just before the darkness sets in. The evening star is found at the end of the uptrend and is also a 3-day pattern.

Shooting Star

A Shooting Star sends a warning that the top is near. This pattern got its name by looking like a shooting star. This formation, found at the bottom of a trend, is a bullish signal. It is also known as an inverted hammer and is important for bullish verifications.
Shooting Star

Trend Continuation Patterns

A trend is underway and you’re looking for entry point. All of a sudden the trend pauses or pulls back, leaving you with the question: “Is this thing going to keep trending eventually, or is this a full reversal?” While there is no way to know for certain, being aware of continuation patterns can help. At minimum these patterns provide you with trade signals to get into potentially profitable trades. Continuation patterns occur during a trend, and signal that the trend will continue once the pattern completes. This doesn’t always happen though. Therefore, when using these patterns to trade, don’t assume the breakout direction of the pattern before it occurs. Wait for the price to break out of the pattern, and trade in the breakout direction.

Triangles come in three forms, descending, ascending and symmetric, but for trading purposes there’s no real difference except for how they look. All triangles are created by narrowing price action, so when you draw a border around it, it looks like a triangle.

Figure 1 shows a symmetric triangle, as the lines converge toward each other. With an ascending triangle, the upper line is horizontal, and the bottom line ascends toward it. With a descending triangle, the lower line is horizontal and the upper line descends toward it.

Figure 1. GBP/USD Daily Chart

Source: Oanada – MetaTrader

Go long or buy calls when the price passes above the upper border as it does in Figure 1. If the price would have broken below the lower border, you’d enter short or buy puts.

A daily chart is used in this example, the same concept can be applied to other time frames though, such as a 1, 5, 15 minute or hourly chart.

It is common (in my experience, it happens about 50%of the time) for the price to re-test the breakout area after the breakout. Notice how the price moves back toward the green breakout line–marked “Pullback” on the chart– after having broken out. Time options trades to accommodate for this. Alternatively, you can wait for this pullback to occur, and then enter a trade when the pullback “bounces” off the former triangle as it did in Figure 1.

Flags and Pennants

These formations get their name from a sharp price move, the pole, followed by either a small channel like correction which looks like a flag, or a small triangle which looks like a pennant. There’s little difference between the two patterns, except a slight difference in appearance. Pennants have converging price action similar to triangles discussed in the prior section. For trading purposes, the method for trading them is the same.

Figure 2 shows a pennant occurring in a move higher, and two flags occurring during a decline. Go long or buy calls when the price breaks higher out of a flag/pennant and the pole is up. Sell or buy puts when the price breaks below a flag/pennant and the pole is down.

Whether these formations occur on a daily chart, or a 5 minute chart, it is typically explosive. Trades generally do not last very long. Trade the breakout and look for another set-up. You simply want to take advantage of any remaining momentum left after the sharp move and a pause. The flag/pennant portion of the formation is typically about 4 to 8 bars. Draw the pattern once 4 bars of price data are present (not including the pole). If you draw it before this, you are more likely to get false breakout signals.

Figure 2. GBP/USD 5 Minute Chart

Source: Oanda – MetaTrader

Spotting and drawing chart patterns will always be someone subjective. For example, if we were to compare trades, my breakout price may be a bit different than your breakout price just because there is a slight discrepancy in where we put our lines. Don’t be overly concerned about this. The real world rarely provides markets that move within exact confines. For this reason, I’ll usually wait till a currency moves a couple pips beyond my breakout point before making a trade. In the case of a stock, I’ll wait for the price to move a couple cents beyond the breakout point before making a binary option trade.

Continuation patterns which include triangles, flags and pennants occur quite often on all time frames. Triangles require some patience to allow the pattern to form, and ultimately for the price to breakout. Pennants and flags generally occur quickly and are seen in fast moving markets, so you’ll need to be on the ball to catch the breakouts. Chart patterns are always somewhat subjective. You may see a pattern someone else doesn’t, or draw a pattern slightly different than they would. Before you commit money to trading these patterns take some time to practice spotting, drawing and trading them in a demo account. You may also want to check out my recent article on Trading Trend Reversal Price Patterns.

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