Recent content by Mackdaddy1988

Hi everyone, I apologise if this has been discussed before but does anyone combine the strategies 'the 3 ducks trading system' and a breakout strategy such as Phil Newton's breakout system? Having a look it can possibly be done, but most likely with a continuation of a previous trend. Looking...

Your right waiting until price crosses back over the average to exit can sometimes lead to a loss of the gains made previously. The hard part is knowing when to exit, as exiting too early can lead to you missing out on a very good trend. Its up to a trader how much they are risking and what...

If you only buy when price closes above a rising SMA and vise versa and wait for price to pull back and then continue upwards or downwards then you get less false signals. There would be other signals to give you confirmation and reduce the number of false signals. For example on the very first...

The arrows show price in a range giving a number of signals. When price crosses over further confirmation can be when price pulls back and continues above the cross over which doesn't happen in this case. However even if trades were entered, the trade could be exited when the next candle closes...

Here is an example of price giving us some false signals. On the upward arrow a buy opportunity has presented itself, the SMA is flat, price has closed above the SMA, a pullback has occurred and price has continued upwards. However this is a false signal as represented by the downwards arrow...

Like I said its not going to work all the time, there are a lot of false signals out there, but with a tight stop loss when a trade is successful it can offset the small losses.

Here is an example where price has closed over a rising SMA indicating a buying opportunity, however price fell back below the SMA and continued to fall. A stop loss could be set below the SMA or better yet the pullback method can be used for confirmation as shown: Price closed below a flat...

An example of a short trade that is set up nicely with price closing below a falling SMA. Take profit can be wherever but a good spot is where the price climbs back to the SMA, which is at a lower point then the original entry. Stop loss can be if the price climbs back above the SMA. If you...

Hi guys, A simple strategy that I am sure has been mentioned somewhere on the forums before. Basically its looking at price crossing over a 60 SMA, buying when it closes over a rising SMA and selling when it closes under a falling SMA. Buying or selling can also be done when price closes over...

yeah being locked out is one issue I didn't talk about. IG markets locks you out for the very last minute. The idea is seeing how many points in favour it is. The binary could be around 95 with 3 minutes to go but could only be 2 points lower or higher which could easily reverse in a number of...

I tried it on a practice account and was successful 16/16 times, doubling my account in a week, but scottb i know what your saying sometimes the market moves so quick its hard to get out of 80. I'm not promoting this in anyway and don't encourage anyone to use it. Just laying it out there as...

Say your looking at the FTSE 100 hourly binary. Basically you act when there is no news being released to avoid big swings in the index, wait until the hour is close to finishing (i.e. 5-10 min to go) and buy the binary that is looking to be the right one at the close of the hour. For example...

Hey everyone. Heres a strategy that I have thought up to use. Please any thoughts and suggestions would be appreciated. Haven't actually tried it yet but here it is in theory. To do this you need a binary daily one touch for a currency pair which they have on IG markets. The set up as an...

Hey everyone. Heres a strategy that I have thought up to use. Please any thoughts and suggestions would be appreciated. Haven't actually tried it yet but here it is in theory. To do this you need a binary daily one touch for a currency pair which they have on IG markets. The set up as an...