Simple strategy for binary options: Bollinger Bands, CCI and vfxAlert signals

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 Simple strategy for binary options: Bollinger Bands, CCI and vfxAlert signals Binary options require discipline and a clear system. In the new article, we analyzed a strategy that combines classic indicators and modern signals, which allows you to reduce the number of false entries. 🔹 Strategy indicators: Bollinger Bands (15,2) - help determine the trend and support/resistance levels. CCI (20) - a momentum indicator, confirms BB signals. 🔹 Entry signals: SELL: price at the upper BB border, breaks the middle line downwards, CCI < 0. BUY: price at the lower BB border, breaks the middle line upwards, CCI > 0. 🔹 Trading recommendations: Avoid trades 30 minutes before and after the news. Open several options with different expirations during the trend. Use early closing on opposite signals. 🎁 Readers can use the binarystrategy promo code for a 60% discount on the vfxAlert service. 👉 Read more in the full article: https://blog.vfxalert.com/en/t/simple-binary-trading-strategy-...
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Binary options trading strategy «Follow the Money»

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Beginner traders often clutter their charts with numerous indicators, arrows, and alerts in the hope of improving their decision-making process. However, contrary to popular belief, inundating oneself with excessive information doesn't necessarily result in better trading outcomes. In fact, simplicity often proves to be the key to achieving consistent profits in the trading arena.


Instead of drowning in complex indicators and signals, it's better to focus on a select few simple yet effective tools to guide trading decisions. For instance:


  • Parabolic SAR: This tool helps determine short and medium-term trends. Points below the price and pointing upwards indicate an uptrend, while points above the price and pointing downwards signify a downtrend.


  • Donchian Channel (DC): Horizontal DC lines indicate a ranging market, while a breakout of central lines signals the end of the range. Wide ranges may present trading opportunities for retracements from channel boundaries, but this approach is recommended for experienced traders.


  • Vortex: Consisting of two lines, this indicator illustrates trend direction and strength. The viPlus line in green denotes an uptrend, while the viMinus line in red indicates a downtrend. Crossovers similar to those of the "Alligator" suggest consolidation followed by horizontal movement.


Additionally, vfxAlert can assist in validating signals and executing trades seamlessly. To access vfxAlert signals, simply click here.


Consider the following options trading signals:


  • CALL Option: Price above Parabolic SAR and Donchian middle line, with viPlus line surpassing viMinus on Vortex, indicating favorable conditions for uptrend buyers.


  • PUT Option: Price below Parabolic SAR and Donchian middle line, with viMinus line exceeding viPlus on Vortex, suggesting a dominance of sellers.


For further insights, watch the trading video available at this link: https://www.youtube.com/watch?v=6g-wuPEZ-Cc.

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