H.P Johnson Method

[Jordsie669]

Correction: you always only need 1 win to revover from 2 losses,
This gives you an advantage! And the double split is only in emergencies!!!

Cheers, Jordsie.

[cofi]

This boils down to labby or marty... or both...

[Le_Chiffre]

ok, so ive been trying this for a few days and it does work a lot better than standard labbys....but of course, it gets out of hand eventually just the same.  I'm going to try this with Binary Options to see if it works better there....as standard labbys have always served me well with BOs (even though they're not 100% even chance).

[Jordsie669]

ok, so I've been trying this for a few days and it does work a lot better than standard labbys....but of course, it gets out of hand eventually just the same.  I'm going to try this with Binary Options to see if it works better there....as standard labbys have always served me well with BOs (even though they're not 100% even chance).

Binary options? That sounds interesting, what's that?

[Le_Chiffre]

Binary options? That sounds interesting, what's that?

It's betting on which way a financial market will go, usually in the next 5 minutes, 20 minutes, hour or day.  There's lots of strategies to predict the way in which it will go so potentially it's slightly easier to try and bet with method rather than just random (like roulette) but obviously it's not always as easy as that as it doesn't always go that way you think.

plus the odds aren't Even chance, but they're close (depending on which bookie or broker you use) but it means the bigger the labby string gets the more it'll eat out of your profits when you eventually clear it.....you may even end up less then when you started the string....but this method may reduce that problem.  Think of it like betting on Banker in Bacarratt using a labby....the commission will eat into the profits.

[Spin4Fun]

Im looking into Binary options, in the end its the same as gambling... only more legal... (or more acceptable..)

The issue is that you never get 100% return, so you need 2 wins to recover minimum 1 loss.
So using progression can be killing.
I have played on options lasting 1hr, but looks like very short once are easier.

I guess combining alot of strategies from gambling can work into options trading, but i think there are more factors into play ...

And as with roulette, you make paper bets, you strategy looks to work.. until you play for real... then it looks to be an rigged RNG

[Le_Chiffre]

Yes binary options is gambling just as much as the casino. I trade the markets for a living....but not binary options, proper futures via a proper futures broker....this too is similar to gambling but not.  I turn to gambling like roulette or binary options as a bit of a side line or sometimes to quickly make up an occasional loss on the markets that I'm not prepared to accept lightly (hence my name Le_Chiffre from Casino Royale who played the markets then turned to the casino to make up the massive loss).

So if you're seriously wanting to get into the markets then i'd say look into proper trading, not binary options.

Anyway, as for binaries, the only difference from casino gambling is if you get a good scalping strategy it can help to predict the outcome more than just random or 'roulette voodoo'.  Obviously it's still risky and still boils down to mostly luck at the end of the day.  I would say doing 1hr options is too slow, that's why if you're going to use a gambling method in binary options then to use 5m binaries as its quicker to finish your propgression.  1hrs could take hours or days.

If you're not going to use a progression and just flat bet or compound your account, then like i said don't do binaries, do proper trading as the PROS of binaries is it's more or less a fixed bet and your losses can't keep on increasing like in actual trading....but the CONS are the oposite of what i just said, if you get in the right side of a move, then you'll only win a certain amount even though the market could rally and you'll miss out on making a fortune like you would if you were proper trading.

[Spin4Fun]

I know its not the best trader now, but then it looked ok, it a shame they only offer 1 hr trades.

Do you use BDC? or other broker?

Do you use any tracker/predictor software?

[Le_Chiffre]

for binary's I use many different companies because if you're successful at it at just one they'll close your account down.  I mainly use IG or ladbrokes or William Hill but i've tried them all. (im based in the UK btw).  I usually do Gold, FTSE, Nikkei and GBP/USD.

For futures trading I use Berkeley Futures and Prospreads and just do Nikkei futures, Wheat futures and sometimes FTSE futures.

I use Metatrader 4 (MT4) for most of my trading and look for breaks or retraces of support and resistance levels.