Trading EURUSD off the ATR using binary options allows traders to limit risk, while anticipating a profitable trade.
Trading EURUSD Off the ATR Using Binary Options
The ATR that is built-in to the TradersHelpDesk Trend ATR indicator provides either resistance or support. In this short 25 minute trade, Gail Mercer, founder of TradersHelpDesk, profits from a very short bounce off the ATR using binary options.
In this case, Gail is expecting at least a bounce down off the ATR, since there is hidden divergence. With price moving this morning, she knew that it would be a quick trade and opted for the 6am expiration (basically 25 minutes remaining when she entered). The risk on the trade was $35.75 per contract. Gail sets a profit target at $15. This will allow her to capture $49.25 per contract if the trade works in her favor.
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**Note: Gail had to go back and add-in audio as the first recording did not capture audio.