Trading futures using the TradersHelpDesk indicators is just as easy as trading binary options, although the risk is not capped. However, in this example, the trade setups on the Gold 3-minute chart during a period when no binary options are offered, other than daily and weekly. In this case, the trader would opt for trading futures Gold instead of the binary options.
Trading Futures Using the TradersHelpDesk Indicators
On the 3-minute chart below, notice the dot (red arrow) indicating divergence to the downside, which occurs right at the ATR. In this example, even though price is above the range lines, it is indicating a higher timeframe retracement because:
- Price flipped the ATR from blue to red
- Price tested the congestion dot
- Price found resistance at the congestion with divergence to the downside (red arrow)
If using the TradersHelpDesk indicators, these are the same patterns that appear on forex, indices, and commodities. The only difference is that when trading the futures market directly, a stop needs to be in place to limit losses. In this example, the green dot at the bottom of the price bar also identifies weakness in the downtrend and the trader more than likely needs to think about closing his position.
Regardless of whether a trader is trading futures, trading forex, or trading commodities, using the TradersHelpDesk indicators, these setups typically provide a very low risk entry point that allows traders to capture at least double the risk. By expanding the profit potential, the trader doesn’t have to worry about achieving a high winning percentage — which takes time to build. Plus, in these relatively slow markets, the entries are easily identified using the TradersHelpDesk Trend ATR, Stochastics, and Range indicators.