Binary Options/Spot FX social trading for free

kostasze

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Hello everyone,
I'm a full-time trader (Spot,BO,futures lately) and I created a free Binary Options/Spot FX social network. Everyone can be a member and use the site for free. I share my trades real-time in a daily basis(many members do the same) and also you can find educational content and make friends. Right now, more than 200 real traders use the site and share things. You are welcome to join us!

PS: Online marketers and brokers advertisers not allowed. It's a network by the traders for the traders.

www.mytradelook.com

Kind Regards,
Kostasze
 
The live trades start again Monday, 6 January (after the first week of January), as announced, after the opening of Wall St.

Kind Regards,

Kostasze
 
Funny that you use tradingview charts to create essentially the same stuff that they do!
 
Yesterday trades
3 ITM and 1 OTM

USD/CAD PUT - ITM
usdcadtos.png


In this trade I used Ichimoku. There is an uptrend, the price is above the Cloud and we have a rejection between the EMAs (Kijun &Tenkan). Two candles ago we had a small reversal in the same spot. I took a CALL with 30 minutes expiry (to absorb the news) and it was deep ITM (almost 30pips).

EUR/USD PUT – ITM
eurusdtos.png


Similar setup. We are in a downtrend, the price is below the cloud. Rejections and a reversal below the EMAs (kijun & Tenkan), PUT with 15mins expiry , ITM

USD/CHF PUT – ITM

usdchfm15.png

We have a previous resistance (blue rectangle). Long bullish candle, overbought condition and a small rejection to this level. I took a PUT with 15mins expiry time which was a nice ITM.

#XOM PUT – OTM

xomtos.png


Previous resistance (white rectangle) and also last three days high. If things would be a little bit different it could be a nice setup. The entry is the pin bar which was far away from the level. Normally, I don’t take a trade if the price is far away from the key level (the resistance in this case), so the entry was risky. Finally, the stock broker the resistance and it moved higher. A bigger timeframe (30min, hourly) can protect you from a bad entry, trade.

xomtosh.png


Here you can see the hourly chart of the stock. After the 1hr candle the resistance is clearly broken. So, there is not solid setup here.

More details, screenshots

http://mytradelook.com/forums/topic/live-trades-2014/page/2/#post-1090

Have a nice weekend!

Kind Regards,

Kostasze
 
Last edited:
70% success rate for the week (7/10), the trades were given/shared for free

Last two days setups

23 Jan

USD/CAD PUT - ITM


snagit

I took a put (put arrow) with 15 minutes expiry time and it was deep ITM, about 13pips. There is a previous resistance and the long bullish candle closed below the resistance after a fake break.

Some candles later (second resistance) we have a similar behavior of the price but the reason which I didn’t take a new put was that we had another and stronger resistance a little bit above. It was possible for the price to make a retrace and test the stronger level (third resistance) as it happened finally.

24 Jan

USD/CAD PUT - ITM


greenshot

I took a PUT with 15minutes expiry time (put arrow). We have a previous resistance level (red horizontal line) in which the price was rejected two times before. The price closed below the level. At the next candle we had a fake break and after this a 11pips drop from the level. Deep ITM.

EUR/USD PUT - ITM


screencast

Mario Draghi participate in a panel discussion titled “The Path from Crisis to Stability” at the World Economic Forum’s annual meeting, in Davos. In this one, I took a 60secs PUT binary option contract. I was waiting for the “news” candle, as I call it, to become green (buying climax) or red (selling climax). When we had a selling climax finally, somewhere in the middle of the candle, I took the put with 60 seconds expiry time. The next candle was also bearish and the trade ITM.

more details/screenshots
http://mytradelook.com/forums/topic/live-trades-2014/page/2/

From next week, I have some thoughts to trade also during the London Session but I'll let you know about this.

Have a great weekend!
Kind Regards,
Kostasze
 

greenshot download

mytradelook.com : Auto-Trading Progress

Dear members of mytradelook.com,

With this message I want to inform you about the auto-trading progress of mytradelook.com . Some weeks ago, we had an open discussion through the general chat and we talked about some issues of the current signals/trades sharing.

Those issues were:

- As I told you then, I receive many messages from members who want to join the live trades but they can’t for two reasons:

They don’t have the time because of their work

Time difference

- Strike Price. There are trades in which the price changes between the 3-5 seconds I post the trade for you. The most of the time when the trades are deep ITM this has not so much significance but as we all know there were times you took a worse or better price than me and this is important in a trade which is close to the strike at the expiry.

As you remember we discussed some solutions/ideas, most of which were yours(some of them that day through the open discussion and also many of you sent me private messages with more ideas). Screen sharing, strike price post after the trade, SignalPush, stand alone auto-trading software etc.

Answers for all of these:

- Strike Price Post: I liked the idea and I do it from then. So, you can see my strike and identify if the price has already changed.

- Screen Sharing: It can’t solve the time problem for the members who can’t join us and also you will need again time to see my trade and take yours. So, the issues remain.

- SignalPush: As I told you then, if I”ll use SP I have to be a signal provider with all that this implies. Of course, I don’t say that it’s something bad, there are people who do it, it’s a job. I just don’t want to do it, personally, I do not like to have such a relationship with you and also I want to keep the idea of the site as it began.

So, according to the above and your own suggestions and promptings the solution with the greater acceptance which will solve all the issues is the stand alone auto-trading software inside mytradelook.com. As I told you then, I will try to do a research and I will let you know.

I did it and I am happy to announce that the solution is entirely feasible. I had a contact with two companies. The first one is an IT company and they created a similar site in the past. The second one created a similar software which offers also “Stop orders” for the trades (ie. One day I make 3 trades but one member wants to stop if the first trade is ITM. He can give an order and it will be done). So, I can inform you that mytradelook.com will have its own auto-trader for the members who can’t join the live trades right now and for every member who wants to use it.

Some members asked me about the progress last week through private messages or through the general chat, before this message, and I informed them. Furthermore, they asked me about the brokers. In my contact with the companies I asked for multiple brokers compatibility (because everyone may use a different broker) and they told me that is doable of course. So, the software will be compatible with every broker. For that which I am not sure yet, but I will learn and inform you, is for example, If I will give a trade through a Tech Financials Broker is it possible the copy of the trade in a Spot Option broker. I’m still in discussions.

About Spot Forex trades:

As I announced before Christmas from the new year I will share also my spot trades. Possible next week I will do it with the same way I post the binary trades for now.

Kind Regards,

Kostasze
 
Last trades this week(were given/shared for free),

28 Jan

USD/CHF PUT – ITM



capture

In a slow market we had a gap and after this a ranging period without so much volatility. I took a PUT binary option contract with 15 minutes expiry time (put arrow). The reason for this trade was that the price was moving inside this channel (between Support &resistance levels) during the ranging period without significant deviations.


29 Jan

AUD/NZD PUT – ITM


online photo sharing

After a strong downtrend the whole day we have some tries of the price to come back but closed below 1.059 several times and a small drop was possible. I took a put option (put arrow) with 15 minutes expiry time because the price closed below the previous resistance.Finally, we had a drop around 4pips and it was a nice ITM


USD/JPY PUT – ITM



Sixty-seconds PUT option after the FOMC, no clear picture (Fed Tapers QE to $65 Billion) I expected a fall but we had a bullish reaction the first minutes, hopefully the price moved below the strike and it was ITM.

more details,screenshots
http://mytradelook.com/forums/topic/live-trades-2014/page/3/

http://mytradelook.com/fed-cuts-stimulus-as-expected/

Kind Regards,
Kostasze
 
- 3/5 ITM for the day (binary options, the trades were given/shared for free)
- +41,1 PIPS gain (Forex trade)

Here is the spot trade

asset: USD/JPY
spread:1,4 pips (FXCM)
sell
SL: 30 pips
Gain: 41,1 PIPS
Return: 134% (based on the money I risked for this trade (SL) )


screen shot in windows


At the blue rectangle (in which I had my stop Loss order) you can see a nice resistance area. After than the price broke the 89 EMA (also notice the break of the trendline) with selling climax (bearish activity). When the price hit the triple EMA(dragon) we have strong rejections and a stopping volume pattern. I opened a short position with around 30pips SL (previous resistance) and I made a 41,1 pips gain which is a 134% return based on the money I risked for this trade (SL).


screenshot program

more details,screenshots

http://mytradelook.com/forums/topic/forex-trades-2014/

http://mytradelook.com/forums/topic/live-trades-2014/

Have a nice weekend!
Kind Regards,
Kostasze
 

free image hosting

Dear members of mytradelook.com,

With this message I want to inform you that from Monday 3/2 the main time I’ll be on the markets will be during the London session. The last two months I used to trade during the US Session (normally after the opening of Wall St.) because I was interested in US stocks but as you know I trade only FX pairs the last months. The most important reason for this decision is the time. During the US session, I used to trade at 17:00 PM until 21:00 PM sometimes (local time in Greece) and many times I am already tired (even before the trading session) because of the late hour and sometimes fatigue can affect my perspective on the market. So, from Monday I will be here and I’ll share my trades/signals after the London opening (8-9 AM, GMT) until 12-13:00 PM (GMT). I will be online to check the markets during the US session and reply to possible questions but my main trading will be during London Session.

Thank you for your understanding and your support.

Kind Regards,

Kostasze
 
One ITM binary option trade for today (was shared/given free) with 30mins expiry and a Spot trade with 23pips gain.

3 Feb

EUR/JPY PUT – ITM


free pic

Solid trade. I took a PUT binary option contract with 30 minutes expiry time (put arrow). There was a downtrend for the pair during the London Session. I was waiting signs of exhaustion at the EMAs. At the chart above (15min) you can see that I took my trade after the reversal. At the 30min chart we have the exhaustion I said above. Also, the level was a previous broken support which now acts as a resistance and a 50-61.8% Fibonacci retracement. Deep ITM for about 9-10 Pips.


3 Feb

asset: USD/CHF
spread:1,6 pips (FXCM)
sell
SL: 20 pips
Gain: 22,9 PIPS
Return: 107% (based on the money I risked for this trade (SL) )


windows screen capture

Lower highs with buying climax at the tops and also a nice stopping volume pattern. Break of the triple EMA, break of the 89 EMA and then rejections and difficulties of the price below the EMAs (at a lower high Spot). Possible bearish activity and I openeded a short position with a SL (Stop Loss back to the resistance around 20pips risk).


picture share

Finally the bearish activity came, I could have a bigger profit but I wasn’t in front of the monior to close at the last selling climax candle (I didn’t use a TP order) and finally banked 23pips.


print screen windows

More details, screenshots

http://mytradelook.com/forums/topic/live-trades-feb-2014/

http://mytradelook.com/forums/topic/forex-trades-2014/#post-1228

Kind Regards,
Kostasze
 
4 Feb

EUR/USD PUT – ITM


free image host

We were in a downtrend in the morning and then the price came back to the EMAs but it couldn’t break through (near 50-61.8% Fibonacci retracement). I took a PUT contract with 1hr expiry time (put arrow). At the first 30minutes we had some news for GBP (maybe some impact) and we had a nice big drop. At the next 30mins some low impact news for EUR caused a rise but the price closed below the strike and the trade was ITM.


image upload

more details, screenshots

http://mytradelook.com/forums/topic/live-trades-feb-2014/#post-1231

Best,
Kostasze
 
5 Feb

GOLD PUT – ITM


picture share

In this one I used the 1min chart. Previous stopping volume pattern (the bearish volume is bigger than the bullish) and higher lows. I took a PUT with 15mins expiry time (put arrow). Before this the bearish volume is again bigger. Although an entry a couple of candles later (in the new stopping volume pattern) would be safer. The trade was ITM.


photo sharing sites
more details, screenshots

http://mytradelook.com/forums/topic/live-trades-feb-2014/#post-1239

Best,
Kostasze
 
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