(binned per thread starter's request) Market bottom rotation trad

Question Jan. When trading digital with iq how do you take control over payoff? Several times already I saw payoff was over 100 then suddenly jumps to 60 as I entered. As I don't see anyway to enter a stop order I have to enter manually as the price takes off. That would be much better if I can set a minimum payoff for my order to get triggered.

Overall its just a weaker setup, only 2 highs and also there is one significant strong high above that supply which could be a problem. In supply takeouts you really want to see that rounding effect to take place with whole structure rotation and there shouldnt be any overhead supply once the whole area supply is taken out.

For sure limit orders would be very helpful i already asked that to support and they said its in the works but they cant put the date when it will be ready. Well obviously doesnt matter for me anymore couse i am not longer allowed to trade them, but might be useful for you, keep eye on it.

You have to be very precise and have a very consistent method in the way you enter options, literally one second could make a big difference on how good will your trade turn out. First of all you need 100% to be sure where you will enter, how do you want price to respond, and how price shouldnt respond in order where you will exit in loss, all that has to be straight thought of ahead without any confusion, in binary options its impossible to make money without well thought consistent method of exectuion.

So with the said above, yes the payout will vary on two main factors and it changes dynamically. First is the movement of price away from your planned entry level, second is the volatility scale. So if you plan to place a put / call at X the amount of paid how it changes will depend of how much price moves away from that level and how strongly / quickly it does depending on what the current default scale of volatility is in market.
The further you place your digital option away from current price the more you will get paid or the less if price is already in your favor of the level you are trying to enter at.
You need to really listen to data and performance of pattern you are trading to pick the right option at right level and right expire level, it sounds a lot more difficult than FX or equity trade, but you get used to it once you lay down things correctly.

For example if you have high performing pattern that you trade but the pattern doesnt really deliver much distance of move, then its best that you place entry option where price is already in your favor (for example placing a call bellow current price), youll get paid a little (20 or 30%) but if pattern performs it will work. In options you really must not look at R risk units just based of payout, payout is only 1 variable that dictates your R in option the rest comes all from actual behaviour of pattern. Its all tied up.
On the other hand lets say you have pattern that doesnt perform with good delivery rate (lets say only sucessful 30% of time) but when it does perform it makes huge move, then at that play you would rather want to play with overhead call, placing at 200-300% pay rate its the behaviour of pattern that dictates this is recommended way to go.

The easiest way to set example would be trading the news. If you traded any FX news that does 20 pips move on average, you could just place 250% call and put at same time, and you would pretty much have a winning system straight on even if you did complete guessing, its the R ratios and behaviour that covers itself. Obviously...you cannot trade news, otherwise brokers would go quickly out of business heh.

Example of continuation play, with digital option entry.

Thanks I would keep an eye on it. In 10 seconds it could be really useful cuz price moves in pulses and payoff can jump everywhere.

EURUSD longed.

USDCNH popping into new fresh highs on momentum, looking back at whole macro play of CNH that was plotted in early June, i have underestimated how far could CNH drop based not just on trade war but also a complete shift of monetary policy by PBOC. The play so far covered double the initial projected bull target, and it looks like that it still has legs to go.
A macro example, the cleanest trends that go straight on and last while are always the ones that come from complete reversal / shifts in monetary / political policies. Has always been the case historically 300 years of data.

EURUSD long sold for small loss, micro shelf failed to hold.

EURAUD

USDMXN short term macro setup. Looking for micro entries along with it.

GBP

AUDNZD

AUDNZD long covered at break even, no follow trough.

The biggest investment opportunity of the century ticking closer to its IPO as the puzzles move forward, Saudi goverment currently at prepping the initial stages for Aramco IPO. By far the most important play of 2019 and the investment that pretty much noone should miss. Ill update on this as the things move forward over next months.

Missed DE30 play. A bit asymmetric overall.

US30 again on track today.

EURCAD potential supply takeout in place.

EURCAD target baked on strong squeeze. Pending order got missed by 2 pips, no fill, 4 R going down the drain.

USDCAD on play now.

thank you, TRD. I had been suspecting HTF might be easier too due to my daytime job and all kinds of kids nuisance....... it's wonderful to see at least someone made it on HTF.

but one thing you need to change is to use bigger position size in order to achieve the same profitability, isn't it