Virtnext Performance Review

Friday, November 20th, 2015

Hey online traders, It’s Michael Freeman and I am back to post a updated review on the Virtnext ITM performance results. I started testing the software a while back and I am sure that many members and blogs will agree that over-all it’s a legitimate auto-trading system. The question is, how far will it really get you? Do you really want to be spoon-fed forever by an automated service vs becoming a self-made binary options trader? Based on the number of emails I get it’s clear to me that the demand if for automated solutions, many folks can’t be online all the time like me and they have an actual life.

Virtnext – Mike’s Account Balance 850EUR


Today I have evidence to indicate that is profitable, however I also want you to open your mind to the argument that I am trying to convey. I strongly believe that with the help of a good trading community, even if the signals are delivered manually via Facebook or in whichever form that is not 100% automated, you can potentially benefit a lot more and keep in mind that with Virtnext and other At’s you can’t set trades above a certain max, there’s no option to set $1000 trades, so for a trader like Afzal (an admin in our group), who delivered over 80% ITM, many times nails an entire NFP session, there is a bigger potential to profit since as a knowledgable trader. Don’t believe me? Watch the live webinar in which he nailed 10 ITM signals in a row! -hosted on YouTube.

Virtnext – Mike’s Account Balance 1,113EUR


Every member who attends Snir and Afzal’s webinar sessions ends up winning. Of course, you got to follow the rules and be cautious but during this process you can learn a lot and eventually become the type of trader who is not dependent on the help of an automated system, which is limited anyway in terms of the max trade amount, usually up to $250 max per trade. The most you can make in a single day with Virtnext is around $900-$1200 and assuming you are lucky, you should be averaging  around $150-$350/max daily, do not expect more.

Another VirtNext Performance Update on YouTube

VirtNext Updates posted on other blogs:

Is a scam? 

Detailed Review on VirtNext

Now let’s do the math, on the average NFP session, considering you are not limited to a max trade amount, you can make thousands of dollars in a single day! Of course, most people are lazy and won’t bother to watch the webinars in action, attend them or join a manual signals service and it’s very unfortunate. Just a week ago I gave my admins a raise because they are doing so fantastic, we’re a growing community. We might not be but we are the best Facebook group and community around. Every day we host sessions, occasionally webinars and it’s a great platform by which we exchange ideas and help each other become better and spot good trading opportunities.

Join Mike’s Facebook Signals Group

My conclusion is very simple, there is a very good reason why Virtnext is endorsed by so many authority blogs and I think that it certainly meets the needs of ‘how’ traders want their signals. Keep in mind that on the long-run you will have a lot more pride in doing it yourself, if you do choose to go with or with any autotrader that does deliver good results, you should try to learn from their strategies and not follow the signals blindly.

Is VirtNext a scam? Honest Review

Wednesday, November 11th, 2015

Hi Traders, It’s Michael Freeman and today many of you emailed me asking for a VirtNext Review, so is the software just a scam or is it real? You must pay attention to the facts I must relate to you concerning Before I continue, you should know that I am not affiliated with VirtNext and no links to their site will be posted from this review. You can do your own research and reach a conclusion. I much rather that you join our Facebook signals group as it’s a great community, but I can’t deny the performance results generated by VirtNext.

Soon after comparing my own Auto Trader,, side-by-side with I came to a conclusion that their software is better and more accurate at this point. It doesn’t come with free access to a great community, as members do with MAT, but as a ‘standalone’ automated trading service it works very well. At least based on the last weeks of testing. It certainly gave me a reality check and now I am exploring ways on how I can improve. I still believe that even though VirtNext is better than MAT and most services in general, our Facebook group is superior to any autotrader in the market, I rather give my traders a “phishing pole” instead of throwing fish at them. Taking part of a community of traders is powerful, it’s not all about the money, you will be proud to be an educated trader.

Right now I am learning from VirtNext a lot! This week I plan to post live trades from my account, it’s a responsibility to let people know that there is a legitimate auto-trader out there that can generate a very accurate ITM performance. Furthermore, I plan to take example from the signals and if possible, re-distribute them some how to my FB community. I will check into this matter as it can certainly benefit my group.

It may come across as if I’m jealous, but it’s not the case at all. I admire the software and if anyone wants to join, be my guest. Let me add the following though, the way they structured the website is very similar to the typical pitch page schemes. In a way I can understand them, they are competing with 90% scam services in the industry. If the offer wasn’t designed well, I bet that no one would pay attention to it. Actions speak louder than words which is why I encourage you to stay tuned for my next review on YouTube, I plan to upload real live results and I will upload at least 5 trading sessions, not just one lucky one.

In order to remain un-biased I decided not to be an affiliate of the VirtNext software, which again is the reason why you won’t find any direct links leading to their site from this review. This is your choice to make, just keep in mind that there’s a lot more pride in knowing how to trade. I don’t care how good the software is, for me the real fun is in the education that comes along with being part of a great binary options community, such as the one we established.

If you are a member of Virt Next or my FB group, you are welcome to post your feedback below. Let me know what you think. Report your results and testimonials. Remember to stay tuned for my next videos, irregardless if I continue to win the trading sessions, I will post the results so hopefully will not fail me. There is a place for scam services, and it’s not a place they would like to be listed on – my Binary Options Blacklist!

I want to thank you for taking a few moments to read my review on Good luck to everyone with your trades and let’s have a great week full of winning trades. If you have any questions related to binary options, you are welcome to email me directly at Cheers! Michael Freeman

Binary Option Robot is a SCAM!

Wednesday, November 4th, 2015

Today my goal is to expose the Binary Option Robot SCAM, hoping to balance out fake review sites that are endorsing this misleading service! In fact, there are two services, one is and the other scam is the and I have feedback from actual members with evidence, indicating that both binary options signals providers are worthless.  Forget about all the grammar issues with the second version of the Binary Option Robot, let’s get straight to some of the feedback, and real snapshots that marketers are hiding from you. Let’s start with the

Evidence of poor ITM performance!


Paul Kiddle, an ex-member of the service sent me an email and a snapshot from his account, he gave up fairly quick. “Hi Michael, I tried BinaryOptionRobot for a while, it made a small profit for the first couple of weeks but after that it started losing; I’ve attached a screenshot of the last trades before I deactivated it. There are 50 results per page this page has just 19 out of 50 ITM. These trades are made by supposed “Expert Traders”!”

Another member of the scam who fell for the first review he saw, endorsing this bogus service, posted the following comment on my blacklist page, Theo Beelien “I test binary option robot from 13 august now with €1 trades. It’s break even, so in fact a worthless product.”

Before we move on to the other scam,, here is another snapshot I got from Chukwujekwu Eloka, another member who was extremely disappointed with the terrible, below 50% average performance. I really don’t understand why this service is so viral when it’s highly misleading at the least, and most likely just another scam. They also work with GOptions, a fraud broker you can look up on Google and you won’t like what you find!

BinaryoptionRobot account snapshot #2 by Chukwujekwu Eloka


 On some blogs which you may trust, including, and a few others you may find positive reviews for this system, however you should know that they are getting paid to promote it, knowing that traders are bound to fail when they join the, promising and viral,!

Let’s address the next SCAM, the twin site

In case you have any doubts, you shouldn’t trust this website and not because of all the spelling mistakes, mainly due to the poor performance and yet again, this is a service I get many complaints about from members and it’s time I expose both scams, especially now that there is such a big HYPE. You won’t believe now many people are asking me about BinaryoptionRobot and Binary-Option-Robot and from this moment, I’ll just point them to this review. Hopefully I will get some additional feedback from more members who will come forward and report their ITM.

Evidence that is a SCAM:

(provided to me by Freeman Avitor, a good friend who tested this software)


The also offers an automated trading feature, a faster way to lose your money, as you can clearly see based on the reported performance. Both services BinaryoptionRobot and Binary-Option-Robot are scam services that you should avoid, as well as and any blog or email marketer who promotes this junk!

New to Online Trading? Open a Free Demo Account!

Please share your feedback, experiences and opinions below and thank you for reading my BinaryoptionRobot Review, if you have any questions concerning any services or binary options brokers you may also email me directly at Cheers to success! Michael Freeman

Tradorax Review (Available in the USA)

Sunday, November 1st, 2015

Tradorax is a binary options broker is growing in popularity, especially for those who reside in the United States. Their platform is 100% web-based so all you need in order to use it is a standard PC with an internet connection and no additional software download is required.’s minimum deposit is 250 USD, EUR or GBP, or 20,000 JPY. A welcome bonus is offered of between 50% and 200% of your investment. The minimum investment amount for a single trade is typically 25 USD, EUR and GBP. At a time when most brokers are not accepting US traders, Tradorax is one of the last quality binary options brokers that still do. So if you’re in the US and are looking for the very best online trading experience—efficient, easy and secure— make sure to read this Tradorax review. is owned and operated by Alpha Capital House LTD, 1A Arcade house, Temple Fortune, London, NW11 7 TL. Its founders are “an experienced group of professional brokers who are retail minded entrepreneurs and experts in the world of financial trading.” They have a vast wealth of knowledge to give their clients and they do so via their Educational Center. The Tradorax Educational Center contains a video library on a variety of binary options trading subjects, such as trading basics, trading psychology, tactics, strategies, and technical analysis. If you don’t learn, you won’t succeed so definitely make use of the excellent resources Tradorax offers their traders.

With Tradorax you will enjoy high returns for your investment of up to 85%. There is no spread, no commissions and no leverage. You can access the Tradorax platform from anywhere because it’s web-based, even with your mobile phone. For best experience, Tradorax recommends using Internet Explorer (IE7.0, IE8.0), FireFox (v3.5, v3.6) or Google Chrome (v4.0) and Java script must be enabled. The minimum withdrawal amount is 100 USD, EUR or GBP. Tradorax provides traders with one free withdrawal per month. Additional withdrawals within the same month will be charged a fee of 30 USD, EUR or GBP per withdrawal. Hence, I recommend that you withdraw only once per month, a monthly salary from Tradorax.

The platform uses superior, cutting edge technology and is suitable for experienced traders as well as for beginners. It executes trades fast. It is easy to use and makes online trading safe, enjoyable, and fun. You will be assigned with a personal account manager and 1 hour of free training to help you get started. Your account manager will handpick the most exciting assets for you to trade. From stocks like Google, Facebook, and Twitter to commodities like Crude oil and Gold. They have all the major indices like DJIA, FTSE and the S&P 500.  They also offer the most popular currency pairs like the EUR/USD, USD/JPY, and many more. Tradorax have a great customer service. They are available 24 hours per day, 6 days a week via phone, email ( or live chat. I have tested their live chat and found them very responsive and helpful. Another awesome thing about the Tradorax platform is that it enables you to trade both binary options and forex. You will have a chance to invest in risk free trades and to try the Tradorax premium signal service. Tradorax places your security and privacy above all else and thus they use only reliable and trusted technologies to ensure that all your data remains protected and confidential. They also provide their clients with protection insurance.

Available in the USA – Free Demo

I usually recommend signing-up only with fully EU regulated brokers such as Unfortunately, TopOption is not available in some countries, such as the USA. I have therefore been looking for an excellent broker for US traders. It seems like I’ve found them. Tradorax is a broker you can trust. If you’re in the US or in a country where TopOption and our other recommended brokers are not available, you should definitely join The platform is secure and backed by TechFinancials, and all of their services are reliable. You are welcome to write any comments about Tradorax below this review.

The Logic Behind a Due Trading Webinar

Sunday, October 25th, 2015

Sunday, October 25th, 2015 Snir Yamin 

In today’s article, I will cover a few important notes and strategies we have been using to execute trades and generate quality trading signals, with the newest webinar concept. Together with Afzal Ahmed via live sessions for Michael Freeman’s Binary Options Signal Group on Facebook. This concept is what I would like to refer to as a ‘dou binary options webinar’. 

The main idea behind the ‘Duo Webinar’ is the simple fact that we took 2 of the top trades in the group and brought them together into a one, 2 hours, session of live trading and educational process. When you get 2 Amazing Brains cooperate together instead of one brain, statistically it works better! 

When one of the webinar hosts has a signal in mind, IT MUST get the approval of the 2nd host to decide if this trade is accurate enough or kind of dangerous, which is one of the biggest pros with the newt Duo Webinars format. When two high-profitable and successful traders use a slightly different approach with technical analysis and chart observation and the consensus is there, one can expect high probability for a signal to land ITM (In The Money).

During the live webinars, members get full access to one of the host’s screen, where they can see the live chart and watch the host analyze the markets in real-time. The purpose of the group and the webinars is to also teach our followers ‘how to trade’ for themselves based on the knowledge they are gaining in the on-wall session and during the live webinars. “You can give a person a fish, but he/she are better off with a fishing pole”… 

The last 2 webinar we hosted, we got over 80% ITM success rate during the session itself! + we were able to teach additional information and strategies directly to the members who attended the session so they could take notes and demo these strategies by themselves and see if they can profit with it, following the given guidelines, for the long-run. Which is basically, again, the purpose behind the webinars and the on-wall daily sessions.

Watch one of Snir+Afzal’s Binary Options webinars on YouTube!

We are pleased to host this weekly webinars, we find it very successful and easy to go. To attend we worked on a fair deal for our members. To register, a small initial fee is required of ONLY $5!!! we basically beat Walmart metaphorically speaking. Look around and see if you can find anything remotely similar for less, good luck! If the webinar is successful, the the attendees require to forward a remaining fee of $20.

Mike’s FB Signals Group Reg Page


So the cost of each webinar is $25 and we guarantee your success! It’s very affordable and a fair deal compared to other services that are out there and charged between $500-$1000 upfront. You can be the judge by posting your feedback below. Mike’s Facebook Group is rapidly growing, soon we will reach 3000 (consenting!) members as this is a private FB community and not another ghost town signals service, as Michael Freeman often describes other groups on FB and rightfully so. Members are being added without their knowledge many times and get hit with streaming commercials instead of real signals by real traders who are there every day for the group, fully dedication to everyone’s success! I encourage you to join Michael Freeman Binary Options group and follow the trends with us, join the family and we will take care of the rest. Let’s have an amazing week and all the best! 

The Best Binary Options Pivot Trading Strategy

Sunday, September 13th, 2015

anyoption binary options

Let’s be honest with ourselves, finding a long-term effective trading strategy that proves to be effective and consistent can be hard to come by this day and age.  This issue solely is due to one reason and one reason alone which can be better explained by saying that the markets are constantly evolving.  No one day is the same as any previous day, which is kind of the wonder within the investment industry.  With this truth in mind it is imperative that we, as investors, take the time to backtest every strategy that we may come across with before actually implementing it with your live trading account.  Which is why today we will be covering one of the most effective binary option trading strategies that has proven effective for myself time and time again.

Binary Options Pivot Strategy by Tim Lanoue

As many of you most likely insinuated by the title of this article we will be using a technical analysis based trading strategy that does require the use of pivot points.  So having access to a reputable charting solution is essential; some recommended charting solutions that you could consider using would be MetaTrader4, MetaTrader5, thinkorswim, or Free Stock Charts.  Moving forward, once you have your charting solution up and running then the next step that you need to complete would be to add the Pivot Point indicator into your charting solution.  One note to keep in mind as well with the Pivot Point indicator would be that it changes automatically depending on the time frame you select so you won’t need to edit the settings.

Once you have completed that you can consider using one of two timeframes to watch your targeted asset.  The first time frame would be a period of 15 minutes while the second time frame would be a period of 4 hours.  When using a 15 minute time frame it is imperative to remember that we use an End-Of-Day expiry while on the other hand if we are using a 4 hour time frame then we need to make sure we use an End-Of-Week expiry time.  The next step that needs to be completed now would be to select a currency pair as your asset of choice.  It truly doesn’t matter which currency pairs you choose to invest with you just want to make sure that the trend of the asset is crossing pivot point levels.

In the picture above and below you can see two different examples of how we would properly implement this trading strategy with our two different time frames.  In the picture above you can see we have the CAD/JPY currency pair with a 15 minute time frame so this indicates to us that we will be using an End-Of-Day expiry time.  Now in order for a signal to be generated we are waiting for only one occurrence to happen which would be the formation of a Shooting Star candlestick through a Pivot Point level.  Once this has occurred then we place a PUT investment that is appropriate with the time frame.  Now in the picture below you can see the creation of the Shooting Star candlestick through our support level so we go ahead and place a PUT investment with an End-Of-Week expiry.

As you can see in the pictures above both of our investments landed in-the-money by quite a good number of pips indicating to us that the signals generated with this trading strategy are strong and accurate.  Now this strategy doesn’t produce quite the volume of trades as some of the other strategies that I have posted on here but that doesn’t mean you can’t apply this strategy to 4 or 5 different currency pairs for more opportunities.  Now one of the best advantages about this trading strategy would be that it doesn’t matter what time of day you choose to invest with, all you want to make sure of would be that the targeted assets are intertwining with Pivot Point levels.  I have been using this strategy for the past 5 months and have had great success so once you get the hang of the signals and how to properly implement this strategy there is no reason why you cannot establish a success rate of 75% or higher.

As always if you guys have questions or feedback regarding this binary options trading strategy please feel free to leave your question and comments below and I will answer each and everyone of them!  To conclude, for those of you who found this article beneficial and would like the opportunity to become part of something great then please feel free to become part of our Facebook Signals Group.  We offer a friendly learning environment followed by many incentives that can make you great online income!

Protected Profits is another SCAM! Real Review!!!

Friday, September 11th, 2015

Mikes_Binary_Options_Signals (1)

Ladies and GentleMen, It’s Michael Freeman and today I want to warn you of the Protected Profits SCAM! I will keep this review short because I have all the evidence needed in order to debunk the crooks. I spend a lot of time now investigating different scams and my goal is to alert the public as fast as I can. If there is a fraud site associated with binary options that I didn’t expose in a review, simply checkout my Binary Options Scams – Blacklist.

So why is the new a scam? and how do I know it a few days before it even came out? Let me explain this with a single snapshot leaked by one of their partners. It turns out that the “innovative team” behind the new scheme, are the same folks who launched the Verified Trader Verified Profits, The Fisher Method scams!!! They are not really creative it seems they have a fetish for the words “Verified” and “Profits”.


Is there anything else I need to write? The website is definitely another scam, there is no question about it and you can navigate to the reviews on their previous scams via the text links above. The evidence is out there, you are not dealing with real binary options traders, the creators of the “4th scam in a row” are liars, cheaters and fraudulent and there’s no other way to describe them. Let’s throw in the word ‘Despicable’!!

This website is not even up and running as I am writing this review, but with such a bad track record they surely deserve an honest “Protected Profits” review right before all the fake blogs start with the positive endorsements. I am first to review this BS and my goal is to ruin their plan. I am hoping that this Protected Profits site will not go viral, and become a “hot blockbuster” as they wish! Let’s ruin their plan and I can only hope that your potential victims will read this review before signing-up.

Let’s make them work harder, so they will need to create 10 scams a day to keep up with the lash-back!!! Other blogs will be informed of this new fraud and together we will expose you just in time, before all the email marketers start sending out all the annoying invitations to unsuspecting, new binary options traders that you are targeting.

Let me remind you that binary options does not only consist of money-making schemes, it might come as a surprise to some of you who’ve been scammed before, but honest EU regulated brokers and services exist. I will not use this review to promote my own services, but you should know that my channel on binary options trading, is the biggest in the industry and there is a reason for that. I deliver real, authentic information without any fluff and mind games. You are welcome to visit my Binary Options YouTube Channel (15,000+ subscribers) and get familiar with the legitimate part of this industry before you waste your money with Protected Profits or any similar scam.

Michael Freeman on Binary Options Signals – YouTube

Please do me a favor and share your experience below, your opinions, thoughts, questions and I’ll be sure to respond. I’m also available at Thank you for reading the 1st review on Protected Profits! Good luck with your trading and I’ll be crossing my fingers that this warning will save many new traders!

Short-Term Reversal Strategy (85% ITM+ Win RATE)

Wednesday, September 2nd, 2015

Hey guys, It’s Snir Yamin and today I’m going to introduce my new Short-Term Reversal Strategy for binary options. I started to use this strategy lately on Michael Freeman’s Binary Option Facebook Group, with no less that 85% win rate. To apply this strategy we’re going to use a naked 1-minute chart. No indicators needed, only price action analysis. Can it be more simple? Let’s get started and I’ll show you how you can do it yourself!

Short-Term Reversal Strategy for Binary Options by Snir Yamin

Instructions For CALL trades:

We will trade the short-term reversal on the current trend of the asset. The first condition is that we need to see a clear downtrend during the last 2 hours on the 1-minute chart! Once founded, we’re going to place a CALL trade for up to 10 min expiry, on the lowest price of the current trend. See AUD/USD example below:

Short-term Reversal Illustration (AUD/USD currency Pair)


Instructions For PUT trades: 

We will trade the short-term reversal on the current trend of the asset. The first condition is that we need to see a clear uptrend during the last 2 hours on the 1-minute chart! Once founded, we’re going to place a PUT trade for up to 10 min expiry, on the highest price of the current trend. See EUR/GBP example below:

Short-term Reversal Illustration (EUR/GBP currency Pair)


For the most accurate results I recommend trading this strategy during the early London hours (07:00 – 10:00 GMT) and during the early New York hours (12:00 – 15:00 GMT). The reason is that during those hours you can take the market’s volume to your advantage. If you follow my short-term reversal strategy based on tips in this article, you can definitely reach over 70 percent ITM and ideally above 80 percent as I’ve been getting with my trades. I welcome questions by members who are planning to put this to the test, use a demo account or ‘paper-trade’ for a little while until you get better and then hopefully you will manage to enjoy the fruits of your efforts with a live account. Either way, I am a top admin at Mike’s FB Signals Group and as always, I make sure to provide our members with quality signals and on a daily basis. Statistics over a long period of time only because more accurate and I am glad to see myself as one of the top traders in this amazing community, on this note I should also welcome you to join us. 

Join Mike’s Signals Group & Trading Community 

It’s amazing to see a lot of support for the group by other websites that are not associated with Michael Freeman, we’re growing and many traders and webmasters are now pointing members to the right conclusion! We are the best community online, it’s free, we generate a high ITM rate, Nadex traders can join us, once you’re in you can also invite your friends without any requirement and don’t forget that Mike hands out bonuses to active traders who manage to generate a high ITM. To sum it up, I encourage you to test this Short-Term Reversal Strategy wisely by not trading real money when you start, even if you might think that you have fully understand my instructions and the over-all concept. I wish you all the best and good luck with your trading!

Complete List of Mike’s Binary Options Indicators & Strategies

We don’t have an advertising program, yet many websites are supporting the efforts to make this group the leading and fastest growing FB signals group online. Many thanks to the following websites for your great support:

Lemon Binary,

All pointing out that we’re an amazing place for binary options traders. You can also find amazing testimonials by our group members on Michael Freeman’s YouTube channel.

Share your feedback or questions  in reference to my short-term reversal strategy or our FB signals community!

EMA’s Trend Following Strategy by Snir Yamin

Saturday, August 29th, 2015

Saturday, August 29th, 2015 Snir Yamin

Hey guy, It’s Snir Yamin from Mike’s Facebook Signals Group and today I’m going to cover a new strategy that I recently started to use, I called it EMA’s Trend Following Strategy. Let’s jump straight to business, no time for fluff! To apply this strategy we are using the following indicators:

1) 365 EMA (Blue line)

2) 180 EMA (Red line)

We’re using the above indicators to identify the overall long-term trend of the current asset that we’re looking to trade. When the 180 EMA is above the 365 EMA, it means that the asset is currently up trendingWhen the 180 EMA is below the 365 EMA it means that the asset is currently down trending. The first step in this strategy is to find an asset that the above EMA’s are pointing the same direction on different time frame: 5 Min, 15 Min and the 30 Min. This means that we’re looking to find an asset that on the above time frames, the EMA’s are pointing the same direction and showing the same trend.

See the example below of GBP/USD on the 5/15/30 min chart. On all time frames the EMA’s are pointing downwards:



Once found, we’re going to switch over to the 1 min chart to find possible entry places. We will then wait for the price action to cross above the EMA’s on a downtrend or below the EMA’s on an uptrend. Then, our entry point will be the first candle that will close back below or above the 365 EMA (depends on the direction of the trend, see examples below).


The Expiration time should be set on 1 or 2 hours, remember that we’re trading long-term vs 5,10,15 minute expries using this strategy. For more information I welcome you to also visit my YouTube strategy illustration:

Using this strategy, I managed to ITM over 80% for Mike’s FB Signals Group in the last few days. I am proud to be a leading admin and will be glad to take any questions from anyone who is interested to learn about my EMA’s trend trading strategy for binary options. You may comment below this article, on YouTube or do the right thing and join our group. We share a lot of information with our traders for free without charging money for education and our ITM rate is very competitive in comparison to leading binary options signals services. Thank you for taking the time to learn about my high ITM, EMA’s Trend Following strategy.

The Best Binary Options Pinocchio Strategy!

Tuesday, August 25th, 2015

Tuesday, August 25th, 2015 Tim Lanoue 

Welcome back everyone, today I will review my powerful Binary Options Pinocchio Strategy! Perhaps one of the best advantages about this binary options trading strategy would be that it requires the use of zero technical indicators unlike most strategies today that rely on the use of questionable technical indicators.

Ideally, all you need in order to properly apply this strategy would be access to a charting solution such as MetaTrader4 (MT4), MetaTrader5 (MT5) or thinkorswim (TOS) along with having a binary options broker account.  Moving forward, as you can insinuate for yourself practice beforehand will better increase your probability of success with this trading strategy since you develop a taste and feel for what the correct signals appear like.  Now the name of this trading strategy is actually quite unique and has a little story behind it.

You see the story behind the Pinocchio strategy would be that the signal (a single Japanese candlestick that possesses a small body with a long wick above the body) exhibits the same behavior as the beloved Pinocchio cartoon that we are all so familiar with.  You see, when Pinocchio is lying his nose continues to grow which in this case ends up being our upper wick.  Our upper wick, which represents Pinocchio’s nose, indicates to us that the buyers and sellers are having difficulty in establishing control over the asset.  This long upper wick indicates to us that a bearish reversal will more than likely occur therefore once we see this formation we need to place a PUT investment that corresponds appropriately with your time frame.  These formations are known as Pin Bar formations and for those of you who are questioning what Pin Bar candlesticks appear like please refer to the picture below.

Now in general when we are applying this strategy we are looking for Pin Bar candlestick formations but there are also one other candlestick formation that we can look for when using the Pinocchio trading strategy which would be the Shooting Star candlestick formation.  Now for those of you who are not familiar with the Shooting Star candlestick it is a single candlestick that indicates to us that a bearish reversal will more than likely occur.  Before you can properly identify a proper Shooting Star candlestick you need to make sure that the candlestick is bearish, occurs in a bullish trend and is characterized by a wick that is at least 2 to 3 times the length of the body.  In the pictures below you can see examples of just how powerful and accurate the Shooting Star candlestick can be.

Now that you have a better understanding on how to identify trading signals let’s talk more about the actual implementation of this trading strategy.  You see unlike most binary option trading strategies that require you to invest solely during a particular time of day, the Pinocchio trading strategy allows investors to invest during any time of the day that they deem necessary.  In addition, the principles behind this trading strategy are based upon the creation of order flow, which happens to be the direct derivative of Price Action, indicating to us that we can apply the same perimeters for the Pinocchio trading strategy that we do with Price Action Trading Strategy. Simple meaning that we can invest with any time frame and expiry time that we think would most likely result in success.  For those of you who are unfamiliar with Price Action Trading Strategy but would like to learn more please feel free to read my Price Action Trading Strategy.

Possessing a basic understanding about the fundamentals of technical analysis along with simple Japanese candlesticks can greatly increase your success as a binary options investor.  The Pinocchio trading strategy is simplistic yet highly effective and can be applied by traders of all experience levels.  Stick with a time frame and make sure to keep your expiry time in proportion with your desired time frame.  As always if you guys have any questions regarding this binary options trading strategy please feel free to leave a comment below and I will answer them all for you!  Lastly, for those of you who were intrigued and felt that this trading strategy was beneficial please feel free to become part of our Facebook Signals Group.  We not only are we the most reputable and reliable binary options Facebook group but we are also over 2,200 members strong!