By benjamin • Posted in Binary Options Professional • No Comments You probably remember the famous pinocchio character. It is a wooden doll and when it is lying the nose of the doll starts to grow. Something similiar happens in this strategy as you will see but insted of Pinocchio Strategy The Pinocchio Strategy is another common and popular strategy for trading Binary Options. A candle bar that has a very small body and a very long wick is known as a Pinocchio bar, or a Pin bar. Just as Pinocchio lied to us as his nose got longer, the candle bar lies to Dec 31, · A Bullish Pinocchio pinocchio strategy binary options configuration is made of three consecutive bars with the pin bar showing a long downward shadow The Pinocchio strategy is regarded as a simple strategy, and no doubts, you can easily master it
Pinocchio Binary Options Trading Strategy - Suck or Doesn't?
This strategy is suitable for many traders, as it binds in itself many different details of trading binary options. This strategy is suitable for beginners as well.
Since trading with its help will be based on the recognition of a technical figure. Especially suitable for those traders who are accustomed to use in the analysis such a tool as Japanese candles. The strategy of trade is called precisely through the external similarity with the nose of Pinocchio.
The figure itself consists of a body and a wick. As a rule, pinocchio strategy binary options, the wick is longer in relation to the body. The body itself is short. The lengthening of the wick occurs as the market tries to deceive us about the choice of the direction of its movement. If you track the movement pinocchio strategy binary options prices in a new zone and then a sharp reversal in the opposite pinocchio strategy binary options, this phenomenon will form the so-called Pinocchio Bar.
The signal strength in this case is proportional to the length of the wick. A wick can take two directions. The first is up. The second is down. In the first case, we have a signal to place the Put option, in the second case it will preemptively place the call option, pinocchio strategy binary options.
The pin bar itself is quite easy to determine. As we said before this strategy is suitable for beginning traders. But, it is better to use it in combination with other indicators. Analysis of pinocchio strategy binary options of support and resistance and others will significantly increase your chances of a successful transaction.
To get a good result and to protect yourself as much as possible from the loss of your investments, we recommend that you summarize all your knowledge and use them as a single whole. OPEN DEMO ACCOUNT. Your email address will not be published. Related Content Weltrade: Forex Indicator Stochastic Stochastic. Signals and Recommendations How to determine? How to use it in options trading? Passive income, affordable for everyone! Leave a Reply Cancel reply Your email address will not be published.
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Jun 01, · The strategy of trading binary options for beginners. Strategy "Bar of Pinocchio". The Pin-Bar strategy. The "Falling Star" blogger.comted Reading Time: 1 min By benjamin • Posted in Binary Options Professional • No Comments You probably remember the famous pinocchio character. It is a wooden doll and when it is lying the nose of the doll starts to grow. Something similiar happens in this strategy as you will see but insted of The profits extracting strategy is effective in more than one type of trading also because Pinocchio strategy can be used in either binary options trading or for trading currency pairs. Pinocchio candles can be easily seen on technical charts of both commodities and indexes and that makes them useful for placing trades that are profitable for Estimated Reading Time: 4 mins
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