Pinocchio binary options trading strategy

Pinocchio binary options trading strategy

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 higher, proving that the original trend is Estimated Reading Time: 5 mins 19/2/ · However, it is better to see confluence of several factors when trading this one, not just the Pinocchio bar. In my book, this strategy definitely does not suck, but always be aware of the other factors that drive the markets, don’t just follow it blindly. And always be aware that I have used it mainly for Forex, not Binary blogger.comted Reading Time: 5 mins 14/12/ · All the financial trading strategies combine to deliver good results. When used correctly, Pinocchio binary options strategy can have high accuracy. The first part shows bulls pushing the price higher. Then, the bears come strongly and make the price lower. It ends up in a bearish Pinocchio blogger.comted Reading Time: 3 mins

Pinocchio Binary Options Trading Strategy - Suck or Doesn't?

The same thing happens with the Pin bar: the wick becomes longer as price goes in one direction and then it retraces. The longer the wick, the higher the probability that price will go the opposite way and that the initial direction was a lie.

This is how a bullish Pinocchio looks like:. At that time it looked like they are in complete control. Soon after, the bulls aka buyers, aka Call guys came in the market and took price higher.

The result of this behaviour is a long lower wick and a small body. The consequence of this behaviour is that often price will continue higher because this type of candle is a clear sign of rejection.

The strategy consists of buying a Put if the wick is up and buying a Call if the wick is down, pinocchio binary options trading strategy. Support and Resistance, trend lines, overbought and oversold levels, divergence, confluence and more will come together to give you the results you are looking for.

Then you will take into consideration trend, ranges and all the other stuff. So the Pinocchio strategy is not very newbie friendly even if it looks easy enough in the beginning. This one works in trending markets, assuming you only take trades pinocchio binary options trading strategy line with the trend and in ranging markets. This is of course an example for a bearish Pinocchio bar and the opposite applies for a bullish Pin. Well, my friends, did you ever got caught in a false breakout?

I know I did. No more: the Pinocchio strategy also helps us identify a false break of a trend line, a support or resistance level or a false breakout from a range. Even if in the first half an hour or so, price is strongly advancing above resistance, wait for the candle to close because if the candle will become a Pinocchio by the end of the hour, pinocchio binary options trading strategy, it will more often than not come down some more in the next candles. By waiting to see if the bar becomes a Pinocchio, you just avoided the false break and now you have a clear indication what the market wants to do.

Nice going, Pinocchio! However, it is better to see confluence of several factors when trading this one, not just the Pinocchio bar. And always be aware that I have used it mainly for Forex, not Binary Options.

Choose wisely, according to market conditions, of course. For any Questions about Pinocchio Strategy visit our forum here. Popular Reviews 24Option IQ Option Nadex HighLow Ayrex eToro BDSwiss Binary. com IG OptionRobot Bitcoin Code Tesler App Binary Robot Crypto Pinocchio binary options trading strategy GreenFields Capital The Bitcoin Trader BinBot Pro The Crypto Genius.

What Is The Pinocchio Strategy And How To Use It For Binary Options Why does the Pinocchio Strategy Suck? Wrapping It Up. All Rights Reserved. Home About Us Our Writers Disclaimer Contact Us, pinocchio binary options trading strategy.

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✅ No loss strategy for Binary options

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Pinocchio Strategy in Binary Options | Binary Trading

19/2/ · However, it is better to see confluence of several factors when trading this one, not just the Pinocchio bar. In my book, this strategy definitely does not suck, but always be aware of the other factors that drive the markets, don’t just follow it blindly. And always be aware that I have used it mainly for Forex, not Binary blogger.comted Reading Time: 5 mins 14/12/ · All the financial trading strategies combine to deliver good results. When used correctly, Pinocchio binary options strategy can have high accuracy. The first part shows bulls pushing the price higher. Then, the bears come strongly and make the price lower. It ends up in a bearish Pinocchio blogger.comted Reading Time: 3 mins 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 higher, proving that the original trend is Estimated Reading Time: 5 mins