The live trading room with Gail Mercer, founder of TradersHelpDesk, reviews potential entries on forex and futures using binary options.
Live Trading Room with Gail Mercer, TradersHelpDesk
The TradersHelpDesk setups are pretty easy. Price needs to be at either an ATR or a congestion dot with the Stochastics overextended. Additionally, the trade setup should be going into the higher timeframe. In Gail’s charts, she has two timeframes on the futures. A 12 minute chart, which is considered the higher timeframe and a 3 minute chart, which is considered the trading chart. The 3 minute trade should always be going into the 12 minute price move.
Then she chooses a binary option that typically has less than $30 of risk for a potential target of $55 to $60. By utilizing a risk to reward that is in her favor, she can have losing trades but still make money. It’s that simple.