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As the trading binary options strategies and tactics bloomberg financial pdf level shows, for six fine roles and nine narrow elements there was no calendar knowledge between opportunities. Price was holding pretty well at 1. On the candle, price made its move back up to the 1. On a normal move, I would take a put option there, but momentum was strong on the candle nearly six pips so I avoided the trade.
So my next trade was yet another call option down near where I had taken call options during my previous two trades.
However, since 1. I felt this was a safer move as just half-a-pip can be crucial in determining whether a second trade is won or lost.
However, the minute after this trade expired in-the-money, the market broke below 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward.
But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1.
I had intended to take a put option at this level on the candle, but price went through it quickly and closed.
And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry. I did end up using the 1.
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