Trading the indices at open with binaries allows you to limit risk during a high volatility opening, ie the US market opening.
Trading Indices at Open – Using Binaries
In this video, Gail Mercer, founder of TradersHelpDesk, shows you how to identify the market direction using the ATR Support & Resistance. Basically, you need two ATRs to align (this determines the direction) then you wait for the retest of the first ATR. In this case, the eminis (Nasdaq, Dow, and ES) all showed the pattern described and Gail enters short at 8am New York time. Then after the market opening, all three hit the profit target set at $20. The risk on each indices was about $30 or less.
The TradersHelpDesk ATR Support and Resistance indicator is now available for NinjaTrader 8, Multicharts and TradeStation and works extremely well with the TradersHelpDesk Stochastics to identify the trend divergences and hidden divergences.