The Binary Today Trader uses a classic trading strategy, the reversal trade.
There are three elements that make up a reversal trade.
- The preceding trend
- The indecision candle
- The reversal trend
In the image on the right hand side you can see the preceding trend being represented by the white candles (the first three). Then, the indecision candle in the middle and the resulting reversal trend.
With the Binary Today Trader you can look at the signals and you will notice that we are always aiming to target the indecision candle so we can take advantage of the coming reversal trend.
In the second example we can see that the market is moving in one direction due to a lot of selling pressure. Then comes the indecision candle, and we can see that sellers are leaving the market and buyers are now entering. This is the transition of power we look for, and use to recognize a shift in the market. This is when we send our trade signal.
We use many different indicators and filters to implement this strategy effectively to ensure that we always recognize the indecision candle and send reliable trade signals.
This strategic approach is safe and takes advantage of every day market movements in all trading sessions.