Seventeen Forex Binary Signals issued during the London Session this morning. Out of 17 trade signals, there were 11 winning trades and 6 losing trades.
Forex Binary Signals During London
The image (click on the image to expand) below shows all the forex binary signals during the London trading session on the following forex symbols:
The green check mark identifies that the binary option expired “In the Money” within the 45-minute minimum expiration (winning trade). A red “X” means the binary option lost money.
One important aspect when using the signals is to make sure you get as close as possible to the signal price. Even one strike price difference can have an impact on whether the trade is successful or not. Additionally, if using the Nadex Binary Options, then the following signals did not have a 45-minute expiration available:
On both the GBPJPY and USDCHF I used the 7am expiration instead (since the entry was around 5am). The first GBPJPY I did not take as I was not trading at 1am. The AUDJPY did have signals but I did not trade the 15-minute signal because I was in a longer term forex binary signal.
If the trader enters every forex binary signal during the London session, then 65% of the signals were winners and 35% were losers. Another factor would be if they were able to get the 45-minute expiration or if they decide to exit early. On the USDCHF, by 6:45 am New York time, I had a $38 profit (risking $54). Instead of risking losing my profits and risk, I exited early because the price was very close to the strike price I had at .9600. Personally, I do not like holding through expiration because price can spike against you and cost you not only your profits but also the risk paid on entry. My goal as a trader is to take profits — plain and simple.