We spoke several times of profiting by the economic calendar for our investments (see our strategy about the Forex economic calendar). In the light of the successful trading we showed yesterday live, profiting by the ADP news published at 2.15 p.m. on the economic calendar, I’d like to disclose you a little trick that seems functioning well.
Those who followed me yesterday (08th of January 2014) directly here on the web site or on Facebook, Twitter or Google+, that is where I published my live signal based on the ADP published on the economic calendar, will have noticed that yesterday there were several important macroeconomic data that were published, some ones also this night in actual fact, but I mentioned only the one of 2:15 p.m. … why?
Because it was the only curt datum, isolated and with three bulls. Between 01:00 and 3:00 p.m. the only macroeconomic datum was the ADP. It was a very volatile three bulls datum and it had to be absolutely exploited.
The trick for binary options is this one: profiting more by this type of macroeconomic data, that in the immediate future (the investment had a 5 minutes expiration) aren’t affected by any other datum that could escape or confuse us.
We can add this trick to the other one I always tell, that is never trade during meetings, presidents’ speeches, lectures, debates, that could originate sudden variations of direction, that would let fail any strategy of binary option trading or also of traditional trading, letting unintentionally fail some stop-losses.
So, the better macroeconomic data to follow, for those who trade with binary options, are the isolated three bulls.
Obviously they aren’t tricks but operational strategies to optimize our trading success with binary options.