Tip from the Geek – Top 5 Binary Options Trading Tips 11/25-12/01/2013

Easy to understand Binary Options Trading Advices. Try Trading on CommuniTraders!

Michael is using the Communitraders platform for all of his tips. Follow along with the Geek’s progress in the forums.



Shortened Holiday Week

This weeks trading is shortened due to the Thanksgiving Day holiday in the states. I know I for one will be eating some turkey and being thankful for all my successes and lessons. There is no trading on Thursday in the U.S. markets and Friday will be shortened. Volume the first half of the week will likely be light and that could be true around the world as well. Going into the week spirits are high. The major world indices are all trading at or near long term highs, a deal was struck with Iran over nuclear technology and there are no impending events to provide resistance for at least 2-3 weeks.


A deal with concessions given on both sides was finally struck with Iran. This deal has helped to relieve global political tensions (in places where it didn’t increase them) and to lower the price of oil. This is good in more ways than one and will help boost economic growth down the road. There is some important data to be released this week despite the holiday. In the states the monthly string of housing data including home sales, housing starts and building permits is balanced by mortgage data, consumer confidence, jobless claims and the Index of Leading Indicators. There is little data scheduled from the EU but Asia will be rocked by a whirlwind of data from Japan. Japanese data is scheduled for the end of the week making this the market to watch for those not taking the holiday.




1. U.S. Opens At New High

S&P 500

Call/Put = Call

Entry = Below 1805

Expiration = One Week


My Trading Advice

Welcome to Thanksgiving week, a traditionally bullish week for the markets. Adding to the picture is the economic tailwind that has been pushing the markets higher. Expectations for Black Friday spending, economic data and plain old bullishness should combine to create new all time highs by the end of the week. On a technical perspective the markets are bullish in the long and short terms.


In the short term both MACD and stochastic are bullish, pointing to higher prices. There is a glaring divergence present in the MACD but with the longer term technicals in place I don’t think the correction it predicts is coming just yet. Longer term the indicators are bullish as well with momentum on the rise going into the opening of the week. The U.S. markets are being lifted on QE and the economy. For now the economy is good enough to be OK but still need the stimulus. Until that changes I am bullish. This week I am trading a call with one week until expiry and a target entry below 1805.




2. German Bullishness On The Rise


Call/Put = Call

Entry = Below 9275

Expiry = One Week


My Trading Advice

Germany is still the place to be. There is growing speculation that the rest of the EU isn’t doing so hot but Germany is growing, a little. The ECB indicated that more QE could be on the way to help the EU and that will surely help Germany as well. I am still bullish on the DAX and will be trading calls this week. My target entry is below 9275 with one week until expiry.




3. Rusty Gold


Call/Put = Put

Entry = Above $1245

Expiration = One Week


My Trading Advice

Rust is OK on your “gold” if you are talking about antiques. Since we’re talking about real gold tarnishes are not so great. Gold prices fell again today, below the $1250 level to hit levels not seen for nearly half a year. The massive amounts of bearishness may be over but there are still no signs of bullish life in this market. Until there is a reason to get long I see this metal retesting lows around $1200 or even going lower. I am trading puts on gold with a target entry above $1245 and one week until expiry.




4. Euro Wavers


Call/Put = Put

Entry = Above 1.3500

Expiry = One week


My Trading Advice 

The EUR/USD wavered in early trading as mixed data and QE talk was digested by traders. The pair saw some volatility around the short term moving average and the 1.3500 level last week and tested that level in early Monday trading. In the short term the pair has moved up to a resistance level and looks good for another move lower in continuation of the ECB driven sell off. I am trading puts this week with a target entry above 1.3500 and one month until expiry so there is time for the pair to complete the move.




5. Yen Moves Again


Call/Put = Call

Entry = Below 101.50

Expiration = One Week


My Trading Advice

The yen has begun to slip again. Monday trading saw the USD/JPY pair move up to test and break the 101.50 level. Indicators are bullish and on the rise, pointing to higher prices. Momentum is showing a steady and gradual increase of buying that could lead to a sharp rise in this pair sometime in the near future. Data later this week could provide some resistance but will probably be short lived. I am trading calls on the USD/JPY with a target entry below 101.50 and one week until expiry.




More Tips by the Geek  – 11/25-12/01/2013 Trading Tips On Forum.


That’s it for this week; Michael will be here next week with fresh trading tips. Meanwhile, we will be testing Michael’s tips to see what kind of an “expert” he really is. All trading assets and expiry times featured in Michael’s trading tips are based on CommuniTraders Binary Options Trading Platform.


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