This Week’s Trading Schedule
All times in Eastern Standard Time (EST). GMT -5. New York Time
Monday – 5am (Doing Europe despite the short notice as things look good for now. Don’t want a market jolt from ISM Non Manufacturing PMI that’s at 10am EST)
Tuesday – 5am (Eurostat GDP. I don’t expect significant action as past reports had little or no deviation between consensus and actual. But there should be good market volume)
Wednesday – Two Sessions. 830am (Starting early to avoid BoC Rate Decision). 9pm. (China trade balance)
Thursday – No AM Session. We’re staying out…. Immaculate Conception holiday in many parts of Europe, and yet, there’s the ECB Rate Decision and ECB Monetary Policy Statement going on… So I foresee drama.
9pm. (China CPI and PPI)
Friday – 330AM UK Inflation Expectations.
Webinar Links
Binary Lab members will be able to find our webinar links posted in our FB group/Telegram chat group at the times of the webinar events.
Binary Options Market Overview: GBP Sets The Pace
This week SHOULD be fairly normal from what it seems, given that many pairs are showing decent retracement on H1, H4 from the last swing last week. But however, eyes on UK, as from Monday – Thurs, the British courts will be hearing appeals against the Brexit. Currently the EURGBP is very bearish on D1 Chart, and GBPUSD has just broken above the 100MA. GBPUSD H1 is currently in indecision, as can be told via the RSI. Refer to the diagram. Based on what happens in the courts, GBPUSD could continue to the 200MA. If it backs off the bulls, business as usual. If it continues, I might make amendments to my game plan.
(Scroll further for trading suggestions..)
Other Images:
Strategy:
This is what I plan to do on my webinars. But you can also use this as your guide. Obviously, as you know my preferences, I will stay away from M5 and M15 wherever possible if a shorter trade duration opportunity can be found. It’s just better for the time-reward.
Reversals on M1, M5, M15. Just beware of consolidations. Zoom out and check the Bollinger bands behaviour and see if it’s decent oscillation for reversal or not.
Trend Follows/Breakouts… M5 and above. M1 is too choppy, as has been the last two weeks.
Good trading,
Julian Wong
Founder, The Binary Lab
P.S. Check out my latest FB Live, where I talked about “How to Enjoy Your Trading More”. This is specially for anyone who is struggling with the feelings of fear, anxiety, stress and tension during your trading, and would like to have a free-er mind, and gain more profitability. Watch the FB Live Video and Join the Discussion Here..
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