Trading the Binary Signals on the Yen Pairs

Trading the binary signals yesterday on the Yen pairs nets profits on both the EURJPY and the USDJPY as shown in the video below.  The signals are a monthly subscription service.

Trading the Binary Signals on the Yen Pairs

In this video, Gail Mercer, founder of TradersHelpDesk, shows how she uses the binary signals to trade both the EURJPY and USDJPY on January 9, 2018.  The binary signals are issued using twitter and indicated that both the USDJPY and EURJPY would go down.  Instead of going in At the Money, Gail opts to use the Out of the Money binary options.

Both trades had less than $35 of risk.  Gail puts in a profit target on both trades.

Of course, the trade setup was nice because the higher timeframes also indicated that price was at an ATR on the higher timeframe, providing even stronger resistance.

Additionally, Gail shows how to calculate whether your profit target will be hit when entry.  This is where you really want price to be able to move at least two strikes in  your favor.

In both examples, Gail exits early because price decided to hesitate with the EURJPY being at an ATR on the 15-minute chart and the USDJPY simply hesitating within about five dollars of her profit target.  Of course, the trader’s job is to take profits when they are offered.  So even though the EURJPY did not provide a 1 : 1 risk to reward ratio on the trade, Gail opted to take profits early because price was at the ATR on the 15-minute chart.  These areas are notorious for providing either support or resistance and locking in profits was a better solution.

The binary signals are available as a monthly subscription.

About Gail Mercer

Gail Mercer, Founder of TradersHelpDesk, is a highly respected trader, trainer, author, and speaker residing in North Carolina. She has over 15 years of experience in trading and in the development of custom indicators.

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