Binary Options Factual Guru Strategy

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Binary Options Factual Guru Strategy

With all honesty, it’s hard to understand how and why they came up with the name. Probably, their reason is that they simply want to lure people through a unique name. When people usually hear the term online “Expert” and “Guru” they would walk away. However, depending on the reputations, it’s sometimes great to satisfy your curiosity. So giving The Factual Guru Strategy might be sort of an adventure. When you try it, you will notice that it uses ADX (average directional index) which is a plus. It also uses Japanese Candlesticks and Fractals. These details will be explained in the following paragraphs.

FRACTALS – WHAT ARE THEY?

Bill Williams created a very useful trading strategy and his strategy he makes use of Fractals. These are not the same as the fractals in Mathematics. All you need to know about fractals in trading is that it is considered bearish when it is in a five candle formation and formed when the middle candle’s high is higher than the two candle’s high to its left and the two to its right. When you talk about bullish fractals, this means that there is a 5 candle formation wherein the middle candle’s low is below the other candle’s low. This might seem too complicated to imagine, but you will get it when you become too familiar with such concepts. Identifying bullish Fractals might also seem difficult at first but this is actually a quite simple thing because there will be a gray arrow that will automatically appear once a fractal is noted by the indicator. Do not fret because there is actually an indicator that will guide you. Here is how it looks:

With the Meta Trader 4, you can benefit from ADX and Fractals indicators. You can simply see them when you click “insert” then “indicators” then “trend” then “ADM index” and then “Insert.” Once you have clicked insert you need to click on “Indicators” then Bill Williams” and finally “Fractals.” This then shows fractals on charts. You just need to take note that the Fractal is that 5 candle formation. The arrow may not show when the candle isn’t closed. On the 3rd candle’s opening after where the Fractal showed is where any trade shall be entered.

USING THE FRACTAL GURU STRATEGY

The Fractal Guru Strategy greatly relies on ADX. Calls are only taken when ADX is going up and the line (green dotted) is on top of a red dotted line. Additionally there is an entire Fractal that appears wherein all the five candles close). Just be careful because you just need to trade if the candle related to the arrow has a wick that is long and is pointing to the Fractal and the shorter wick is on the opposite side.

CALL ENTRY:

  • ADX blue line is going up
  • Green line which is dotted has to be above the dotted red line
  • Uprising or bullish fractal has to be established

PUT ENTRY:

  • ADX blue line is going up
  • Green line which is dotted has to be below the dotted red line
  • Downtrending fractal has to be established

WHY IS FRACTAL GURU STRATEGY BAD?

This strategy is too much to handle for any newbie. The ADX lines can be easily confusing. What is more confusing for newbies are the five candles, entry points, openings, and when fractal arrows appear. Basically, this strategy is not advisable for novices. Or, if you are a risk taker and you have a lot of time to analyze it then you can surely use it. Moreover, the strategy comes with an ADX rule and it is quite subjective and it can leave you in doubt or lost. There is some vague stuff noted by the creator. One unclear thing is if the ADX will be on trend if the blue line will steadily rise. This does not seem wrong though but it still sounds vague. You can still ask how long will that steady rise be? And when do you consider values safe? Probably an experienced trader can clearly understand this.

WHY IS FRACTAL GURU STRATEGY GOOD?

Even though it might seem a pretty complex strategy, it is still founded on good principles that can create a promising trade probability. This means that you trade with trend just as long as ADX is going up and the retracement is the Fractal formation. When you want to be involved in a trend then this is the ideal time (after retracement).

FINALE

Strategies that guide you on trend following are always beneficial. They offer good and promising points of entry. However, ADX may not be the most ideal indicator for trend especially when used as the major indicator and in a strategy. The truth is that fractals are really complex for their specific purpose and they can be easily revamped. Generally, the principle behind the Fractal Guru Strategy is great. But tools used for it are quite subjective and can add too much confusion.

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The Rapheal Simple Strategy For Experts

If you want to try out a simple but more fruitful strategy, you can use the Raphael Simple Strategy. To start off with, it is ideal to warn you that you should not expect too much from the site primarily because it does not come with diagrams, tables, and charts. Yes, for technical traders like us, we greatly depend on charts. A single chart with many bar or arrows can go a long way for us. It might sound bad to start a review with some pessimistic notes but it pays to wait for the good stuff. Anyway, here are many good and some bad features about the Raphael Simple Strategy.

RAPHAEL IS A VERY SHORT TRADING SYSTEM

It is a very well controlled method for trading short term. It has a great potential for specific gains. It is structured according to a three time frame market view and it also tries to profit on reversals of short term markets. As a trader you are advised to use charts with one hour closing bars in order to identify trends. From here, you can narrow your focus. After this follows a chart of fifteen minute bars which is called “confirmation.” The first trend shows the trend while the second chart projects resistance and support and price reversal potential areas. Last charts are five minute bars where entrance and exits are known.

Stochastic and RSI. Strategy and RSI relied on these two for determination of trend and for reversal confirmation. When you opt for short term trading, these indicators can be trade. This can also create numerous and varied signals. The Raphael Strategy would be useless if the two indicators show strength. It would also be useless if they agree with each other. It is a must that the RSI must confirm trend by moving higher or lower with market and it must be with continuous troughs, peaks, and must be below or above signal line. The moment indicators diverge from a its hourly movement, that is when stronger signals start coming.

Thus, when Stochastic and RSI diverge from its trend as seen on hourly charts, you can grind them down to fifteen minute charts. However, you need to do this when you draw your resistance and support lines. It is even wiser to look at daily charts and draw lines. When you have drawn your resistance and support line, you can then go to the fifteen minute charts. You can evaluate this over again and then draw lines that may seem significant. Moreover, you have to look for signs of market reversal and signs of weakness as price comes near resistance and support. This means that when the price halts at the line expected and candles verify their reversals, you can then thin down the focus to five minute chart and then find an entry.

With the five minute charts, you can then locate the next available buy signal for Stochastic. You can then go with its flow when it again become oversold. When you identify the trend on hourly charts and you have confirmed market reversal on the fifteen minute chart, you can then make use of stochastic to identify entry points on the five minute charts. Peak and dips will mean an entry but this depends on the market direction.

WHY IS THE RAPHAEL SIMPLE STRATEGY BAD?

The main reason why the Raphael Simple Strategy is not so good it that it is very badly written. It is close to nonsense and does not do any upkeeps to deal with trader’s demands

WHY IS RAPHAEL SIMPLE STRATEGY GOOD?

Raphael’s strategy does not suck that much after all. The strategy does show that the maker has real deal knowledge on trading. This strategy is quite sound and useful. You can simply try it if you want a more interesting way to trade. Generally, this is something that truly works. You just need to be equipped with real trading knowledge in order to decode the texts. When you understand trading deeper then you can disregard what Raphael is saying. You can even creat your very own strategy.

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