What is Conservative Long-term Strategy?
Conservative long-term trading strategy is for the beginners. If you are just starting the binary trading then this strategy will help you to avoid losing the money. This strategy’s main goal is to avoid the losses and help you grow at a steady rate. Thereby you can start building capital slowly without avoiding the major losses.
How can you implement Conservative Long-term Strategy strategy?
Only thing you have to do is wait, wait, wait for the perfect time and study the trend of the market using the ZigZag’s last 2points, connect those 2 points and draw a fibonacci between last2points of ZigZag’s in the direction of market trend.
Look at the image above. I will teach you in step by step method to understand this strategy.
Step1: Draw your fibonacci from point 1 to point 2 for a down trend, and from point 2 to point 1 for an uptrend.
Step2: Now Your Ultimate target is 161.8 projection level. Now we have to make our signal fully valid. So there has to be retracement of the signal bet 50-88.6. Right? This will definitely make our signal fully valid.
Step3: If the retracement goes much higher than we expected, then the signal will be much more stronger. In order for the signal to be fully valid, there has to be a retracement to between 50 – 88.6. Higher the retracement goes, stronger the signal.
In the example above, the retracement happens next to the number 2 in the up left corner. They key here is to be patient until all 3 factors(must rule) line up.
The three must-entry rule for executing this strategy:
– Calculated Price hits Fibonacci projection level 161.8.
– Calculated Price is inside or outside of the bounds of the red channel.
– When the Value Chart hits level 8 or above. Your Expiration can be between 5 and 20 minutes. Don’t go for seconds trading using this strategy. Try to minimize your trading target to 1-2 trades/day. Don’t be greedy and lose all the money.