Tip from the Geek – Top 5 Binary Options Trading Tips 9/30-10/04/2013

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.


Tough Week For The Markets

 This is going to be a tough week for the markets. Not only did the week start off in fear of a U.S. government shut down there is also a long list of economic data points being released and two major central bank meetings. Scattered throughout the week are an additional 5 speeches by members of the FOMC. And all right before earnings season, which starts on Monday with the release of Alcoa’s much aniticipated report. Needless to say, there are a lot of things weighing on the minds of traders and investors alike. In the end, the long term trends remain intact, at least for now. At the end of the week things could look entirely different but at this time I must rely on the charts.


Debt Ceiling aside the week is very full of economic market moving events. From the U.S. we will get the next round of monthly employment data. The recent trends in jobless claims and the uptick in regional reports over the month lead me to believe that there could be a surprising drop in U.S. unemployment and rise in job creation. Globally we we can expect flash PMI and CPI readings from several European and Asian nations. Canada will release GDP numbers and of course, two central banks meetings. The ECB reports to us on Wednesday, the BOJ on Thursday.




1. U.S Markets Back To Trend

S&P 500

Call/Put = Call

Entry = Below 1680

Expiration = One Month


My Trading Advice

Fear of the Debt Ceiling and possible shut down of the U.S. government has brought the SPX down to the long term trend line. This is just after the markets broke out to make a new top. At this time the current low is higher than the previous low, in line with the long term trend and sitting on support. This makes it look like a great entry for longer term positions. This week could bring a lot of volatility, the VIX is up at a one month high, but unless the week’s event are net-negative for the markets the long term trend should remain intact.


Long term economic data trends are still positive. The worlds major economies are improving in small increments, each building off the other. The Debt Ceiling is a short term hurdle, one that we have met many times. Even with a short shut down we will get over it soon, America won’t bail out on itself or the world. I am trading calls with a one month expiry in order to give myself some time for the markets to move up off of the current levels. My target entry is below 1680. By expiry the Debt Ceiling will be forgotten, the FOMC will meet one more time and we will have gotten an entire months worth of data.




2. EUR/USD Topping Out


Call/Put = Put

Entry = 1.3530

Expiration = One Week


My Trading Advice

The euro has been gaining strength as the U.S. political and financial system suffer through the Debt Ceiling and Taper Tantrum. The pair is now trading up at a 12 month extreme with weak technical indicators. Momentum is declining and stochastic is overbought, which, when combined with the last two weeks of price action, point to a possible double top. I doubt that Mario Draghi and the ECB will offer anything new or surprising enough for this pair to break out to new highs. I am trading a put with a one week expiry and a target entry above 1.3530.




3. Yen Bumping Along Support


Call/Put = Call

Entry = Below 98

Expiration = One Week


My Trading Advice

The USD/JPY pair has been bumping along support ever since breaking out of the triangle pattern a few weeks ago. Long term indicators show strong support at this level but there just hasn’t been a catalyst strong enough to break it above the 100 level. I don’t think the BOJ will provide anything that strong this week but the pair will likely trade up to the top of it’s range over the next week or so. I will be looking to trade bounces off of the 97.50 level. This week I am trading calls with a target entry below 98 and one week until expiration.




4. Good Gold Man!


Call/Put = Put

Entry = Above $1325

Expiration = One Week


My Trading Advice

It appears as if the $1350 level is emerging as a new resistance level. The metal is still indicated lower and fundamentals support lower gold prices. The economy is getting stronger, tapering and an end to QE is near and all support a stronger dollar/weaker gold. I am trading a put this week with one week until expiry and a target entry above $1325.




5. Cook And Icahn Meet At Last


Call/Put = Call

Entry = Below $480

Expiration = One Week


My Trading Advice

Tim Cook and Carl Icahn are finally meeting, big whoop. The meeting and what they talk about will not be a market mover, Cook isn’t going to rush home and do what Carl him to do. However, Apple is still a great business, still a leader and still able to sell out it’s products. Even if the sell-out is orchestrated my hat is off to them, better to have to go back and make some more than get stuck with tons of inventory. Better for them and better for the supply chain. The stock is trading just above a long term support range that coincides with the 30 and 50 day moving averages and come with bullish indicators. I am trading calls with one week until expiration and a target entry below $480.



More Tips by the Geek  – 9/23-30/2013 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.


 Think you know better than our experts?? Have a Second Opinion??  Post your trading advice on our Trading Tips Forum or at the bottom of the page! Join CommuniTraders and Start Trading,  only on BOTS.com new growing community.  


*** Please read Binary Options Weekly Trading Tips guide to understand better how to use the trading tips. Start Smart with BinaryOptionsthatSuck.com.