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Trading Binary Options vs Betting on Sports - which is more profitable

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Prospect
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Joined: Jun, 2009
Posts: 72
Posted: #226
Quote Originally Posted by GregTek:

I would like to ask you and Mavin a question... How do you guys decide which options to play and when to play them.. I see you and Mavin giving signals, but no actual reasoning why to play them at the particular time and price. I've come to think you've learned what Mavin is doing so what is he doing ? What are your reasoning, did you had any private sessions or what ? I am thnking of makin my first deposit which would be small just to get the touch of things and to see if I'm getting it right before throwing in some real money. But I really need to know how you guys pick your options and what strategies you use ? 
If you could both give me some answers i would really appreciate it. and bear in my mind that i already have the basic knowledge of Binaries (what they are, how they are traded..) Im more interested in strategies, how do you see/calculate? indcators how do you "evaluate" your picks. 
Cause i would be really happy if I could do it on my own... now I just can't see how exactly, it is supposed to be done and I have no intention of flipping coins at binary trading,

Thank you very much...  and have a nice day..

BTW: phixer i spent last summer on Cyprus (Long beach) and i must say, DAMN THERES HOT IN SUMMER, i believe they said it was nearly 50degress celsius :) i think i just sweat a little just thiinking about it :) 

This is a copy/paste from phixers thread.
I have the same questions. 
In your sports thread everybody has to give a reason for a pick...can we do the same here? 
Or is this thread just about your signals and not to teach us how to do it ourselves?
 
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Posted: #227
There are many different indicators involved when taking a position to trade on binary options. I usually start with DMR's (daily market reviews).
Then go to markets I expect the certain things to happen based on DMR's. Then I see how the trade is running using charts with tools available to analyse and predict the movement up or down based on support and resistance indicators, trend etc. 
Before you ask me to teach you - you have to learn the terminology, attend optionrally webinar like the one today free online. Then you have to check my previous trades. Try to use netdania.com for most comprehensive analysis and charts - up to date and historical. It takes time to learn and I can not learn it for you.
GL and ask me more detailed questions and I will ellaborate. Sometimes next week I will try to organize some general teachings as in Sports how to trade. But to know what is trade - you have to make some effort and learn the basics.
 
Rookie
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Joined: Dec, 2009
Posts: 818
Posted: #228
Mavin, please accept my friend request. I would like to get started following you on options.

I have a few questions that I would like to pm you.

Thanks

 
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Posted: #229
Quote Originally Posted by BigTenWatto:

Mavin, please accept my friend request. I would like to get started following you on options.

I have a few questions that I would like to pm you.

Thanks

approved
 
MVP
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Joined: Jun, 2006
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Posted: #230
binary options
bigFnPOO
 
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Posted: #231
629783$ 1000USD/CAD13:09 11/03/131.02639 13:30 11/03/13


PUT on USD/CAD for 1000$ Expiry at 13:30 (1:30 EST) in another 25 minutes
 
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Posted: #232
629783$ 1000USD/CAD13:09 11/03/131.02639 13:30 11/03/131.02602$ 1710.00

WIN    +710$
 
Prospect
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Joined: Jan, 2013
Posts: 76
Posted: #233
Quote Originally Posted by SportsMavin:

There are many different indicators involved when taking a position to trade on binary options. I usually start with DMR's (daily market reviews).
Then go to markets I expect the certain things to happen based on DMR's. Then I see how the trade is running using charts with tools available to analyse and predict the movement up or down based on support and resistance indicators, trend etc. 
Before you ask me to teach you - you have to learn the terminology, attend optionrally webinar like the one today free online. Then you have to check my previous trades. Try to use netdania.com for most comprehensive analysis and charts - up to date and historical. It takes time to learn and I can not learn it for you.
GL and ask me more detailed questions and I will ellaborate. Sometimes next week I will try to organize some general teachings as in Sports how to trade. But to know what is trade - you have to make some effort and learn the basics.

Thanks for the answer.. well I've been learning about binaries for the past week, I am just wondering if you are going with the basic strategies that are described in the "Education" part of Optionrally (like support and resistance, trends etc..) or do you also have an alternative that we don't know of. 

Lets have a practical example to see if I'm getting it right? 
I live in Europe and by the 12.00 CET lets say that Italy's election results were announced. The outcome is economically negative, due to long establishing of the gov.... So that would mean that EUR/$ would go down... And by the time you guys get up and running ( at 14.00 CET ) I already know this, while you are still reading it right ? When I read this kind of things before you, do I pound the PUT on EUR/$ or do I wait to see what you guys(american investors) 'think' of the news ? Or do I lean towards the PUT, but only pound it when (technical analysis) graphs show me to ? And my biggest issue is how do you guys determine expiry ? How do you decide to make it an Hour, or by the end of the day option ? 

again i'm really thankful for your answers 
 
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Posted: #234
Quote Originally Posted by GregTek:


Thanks for the answer.. well I've been learning about binaries for the past week, I am just wondering if you are going with the basic strategies that are described in the "Education" part of Optionrally (like support and resistance, trends etc..) or do you also have an alternative that we don't know of. 

Lets have a practical example to see if I'm getting it right? 
I live in Europe and by the 12.00 CET lets say that Italy's election results were announced. The outcome is economically negative, due to long establishing of the gov.... So that would mean that EUR/$ would go down... And by the time you guys get up and running ( at 14.00 CET ) I already know this, while you are still reading it right ? When I read this kind of things before you, do I pound the PUT on EUR/$ or do I wait to see what you guys(american investors) 'think' of the news ? Or do I lean towards the PUT, but only pound it when (technical analysis) graphs show me to ? And my biggest issue is how do you guys determine expiry ? How do you decide to make it an Hour, or by the end of the day option ? 

again i'm really thankful for your answers 

Using generally available information can only be really profitable if you're among the first ones to get to know it and use it. Once it is already traded in big volumes by a public based on general info - you really have to know what would be the best entrance and exit times. Or position and expiry. If you think that the trend is long going - you choose long expiry times. I use all of the info avaoilable but analyse it with historical stats if they can be found and compared. I also use some advice from brokers at optionrally to determine if my reading the map is also not mistaken. Generally speaking I have yet to identify longer than the end of the day trend and follow it with big money. That happens from time to time but since I am doing well with short terms I see no reason to risk long term. But that will come too in an appropriate times. I like to simplify more than complicate this and therefore trending and using Support/Resistance indicators are working fine for me
 
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Posted: #235
TRADING BINARIES

Monday
3-1
total trade sum 6500$  
total return 10400$ 
profit +3900$  
ROI  60%

Wednesday
3-1
total trade sum 4000$
total return  5300$
profit  +1300$
ROI  32.5%

Thursday
1-1
total trade sum 1500$
total return  1810$
profit  +310$
ROI 20.6%

Friday
0-1
total trade sum 1000$
total return  0$
profit -1000$
ROI 0%

Tuesday
1-0
total trade sum 1000$
total return  1750$
profit  +750$
ROI 75%

Thursday
2-0
total trade sum 2000$
total return  3500$
profit  +1500$
ROI 75%

Monday
0-2
total trade sum 2000$
total return 100$
profit -1900$
ROI 0%

Wednesday
1-0
total trade sum  1000$
total return  1750$
profit  +750$
ROI 75%

Thursday
0-1
total trade sum 1000$
Total return 40$
profit -960$
ROI  0%

Monday
0-1
total trade sum 1000$
Total return 50$
profit -950$
ROI  0%

Tuesday
1-0
total trade sum 5000$
total returns 8650$
profit  3650$
ROI 73%

Wednesday
1-1
total trade sum  2000$
total returns 1720$
profit -280$
ROI  0%

Thursday
total trade sum 1000$
total returns  1750$
profit  750$
ROI  75%

Monday
total trade sum  1000$
total returns 1710$
profit  710$
ROI 71%


Total:
15-9
total trade sum30000$
total return 38530$
profit  +8530$
ROI  28.43% 
Success %   60

 
Prospect
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Joined: Jan, 2011
Posts: 30
Posted: #236

Good job Mavin.

 
Prospect
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Joined: Oct, 2009
Posts: 142
Posted: #237
Another winning day!  Congrats.
 
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Posted: #238
 
MVP
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Posted: #239
tremendous
bigFnPOO
 
Prospect
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Joined: Jan, 2013
Posts: 76
Posted: #240
@Mavin, so if i'm getting it right, you rely a lot more on Technical analysis then on fundamental analysis and news reports ? 
 
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Posted: #241
Quote Originally Posted by GregTek:

@Mavin, so if i'm getting it right, you rely a lot more on Technical analysis then on fundamental analysis and news reports ? 
All the factors together with thye weight given to time factor and geographical source in conjunction with time factor of that particular region. You see, if it was just 1+1=2, the business would not exist. You will learn with time nfirst tailing those who know and win and then after a learning process is complete - gradually and carefully yourself. Same thing we did in sports thread on nba - at the beginning there was no methodology or system but today - almost everybody's on the same page. Here as well self restraint and discipline is an important factor besides knowing markets. If it was only one particular factor to be taken into account - all the brokers would be millionaires and there would be nothing left for us. We have to use our sports experience in handicapping by applying righht tools to here.
 
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Posts: 5295
Posted: #242
CALL on OIL Expiry at 12:00 EST  1000 $  at  92.6827
 
Prospect
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Posts: 30
Posted: #243

win again  hehe  good job.

 
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Posts: 5295
Posted: #244
Quote Originally Posted by SportsMavin:

CALL on OIL Expiry at 12:00 EST  1000 $  at  92.6827

641880$ 1000OIL11:28 12/03/1392.6827 12:00 12/03/1393.1700$ 1730
Win  +730$
 
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Posts: 5295
Posted: #245
Tuesday
total trade sum  1000$
total returns 1730$
profit  730$
ROI 73%


Total:
16-9
total trade sum31000$
total return 40260$
profit  +9260$
ROI  29.87% 
Success %   64
 
Banned
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Joined: Jul, 2012
Posts: 4174
Posted: #246
Quote Originally Posted by SportsMavin:

Tuesday
total trade sum  1000$
total returns 1730$
profit  730$
ROI 73%


Total:
16-9
total trade sum31000$
total return 40260$
profit  +9260$
ROI  29.87% 
Success %   64

 
Prospect
Participation Meter
Joined: Feb, 2013
Posts: 0
Posted: #247
Mavin, 
I have long been a spectator watching from the sideline. I think it is time I take off the pom-poms and suit up to join your team. I will send you a friend request and look forward to your continued success. 
 
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Posted: #248
Quote Originally Posted by I-want-winners:

Mavin, 
I have long been a spectator watching from the sideline. I think it is time I take off the pom-poms and suit up to join your team. I will send you a friend request and look forward to your continued success. 
Thanks. Your friend request has been accepted.
 
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Joined: Dec, 2012
Posts: 5295
Posted: #249
645128$ 1000OIL11:46 13/03/1392.7150 12:15 13/03/13

PUT
 
 
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Posted: #250
645260$ 2000USD/JPY12:10 13/03/1395.979 13:00 13/03/13

PUT
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