Pinocchio Strategy

In Pinochle, there's an auction phase in which players "bid" for the privilege of choosing the trump suit.

Because Disney is notorious for changing their scheduled releases and because the films are as successful as the others, the possibility of them being released in the Vault cycle is very likely; the fact that they were officially announced and changed at the last minute is also proof that this might happen again. What kind of success rate can you get with this strategy? 

Following its success in the animated film industry, Disney has since grown to include live-action television series and movies, a music record company and theme-parks and cruises around the world. The best option is a long nose wick which is much longer than the previous bar or candlestick.

60 Seconds Trading 

In Pinocchio strategy we trade when a candle stick has a long wick and smaller body. We trade in the opposite direction of the wick. Can these two strategies work together to improve the overall winning ratio?

Even if someone does that, how long can such strategy work before it runs out of gas? I am going to show you few binary strategies now; these are available online free of cost. Remember, these strategies have nothing to do with my strategy; these ones are available online free of cost. You can easily find them on internet. It is a small software traders use [mainly] in forex trading, but some brokers also allow binary trading using a special MT4 terminal.

Installing and using MT4 platform is easy; use Google to find details about it. You can get a demo account with any forex broker, like Oanda. Download their MT4 platform and install it, then use the demo account to login. You should also learn how to read currency charts, specifically candlestick charts.

You can easily learn to read candlestick charts. After you install a MT4 platform, add all major currency charts to the main screen. Select 15 minutes period and change [if needed] the chart to show candlesticks instead of line-chart.

You can easily analyze currency charts to find channels, or trends. Here is how the channel-surfing strategy works. Look at the following chart: As you can see, this chart is showing a channel going downwards. Point A, B, and C are showing some interesting things. This is pure speculation and there is no guarantee that this is what is going to happen next. Look at the following image; it shows where the price moved next: What kind of success rate can you get with this strategy?

As I mentioned before, this strategy is a freely distributed on the internet, so do not expect high success rate. My personal suggestion is that you try this strategy in a demo BO account and see for yourself what success rate it enables you to achieve. You cannot rely on candlesticks charts and some lines. There are many things that influence the currency market and they can change trends in few seconds.

Price of currencies pairs, especially ones with USD in them, can move up or down sharply. It is wise to ignore, or not trust, any signal you get from channel-surfing strategy.

When you are using this strategy to execute trades, my suggestion is to opt for longer trade duration. Choose at least 45 minutes or longer trade expiry time.

Simplified Market-Reversal strategy Look at the following image: It is showing you few 15 minutes candlesticks; I want to focus your attention on only three of them namely A, B, and C. Candlestick marked as A is showing a sharp pips move. After such a sharp move, you can expect a small market-reversal or correction. The reversal is not big and it does not last for a long time.

It [candlestick marked as B] tries to move up but fails. It only moves a bit higher than the previous candlestick. Look at the following image: When you get conformation from the second candlestick, you can go ahead and start a PUT, or down, trade. The tricky part is what expiry-time to choose. Usually, 5 to 20 minutes expiry time yields the best results. This market reversal strategy does work but definitely not all the time. There are many reasons why an asset price can jump; you cannot possibly win every time there is a big sharp price change in a currency pair.

The basic idea is to trade immediately after a big news comes out or some market moving event takes place. As I have mentioned before, forex market is very sensitive to economic and political events.

For instance, when report of US unemployment rate comes out, the currency market becomes volatile; this is how the market reacts most of the time. Anyway, the news market-reversal strategy dictates that you monitor the market just before a big news announcement is pending release. You need to watch the pairs that this event is going to affect the most. Focus on the pair that moves up or down the most. You can choose an expiry-time between 5 and 15 minutes.

The logic behind this strategy is that there will be some degree of retracement after the initial sharp move. The price temporarily moves in the opposite direction of the prevailing trend. The reason behind this system is that a huge selling pressure is often followed by some buying period and vice versa.

See this strategy in action in the following image: You are welcome to use this strategy, but I suggest to first use it in a demo account.

Practice it and see what ITM you can achieve. If you find this strategy profitable, then by all means, start trading in a real binary trading account. Recovery Strategy This strategy is less about trading and more about recovering your loss.

Assume that you execute a CALL trade with 30 minutes expiry time, but the asset moves hundreds of pips against you! It also has a wick at either end of the candle which represents the highest and lowest prices that the asset was traded at for during the time period of the candle. Once you learn how to interpret candles you can decipher these types of technical charts very easily.

The Pinocchio strategy is called such because it looks at candles which have small bodies and very large wicks; these are called Pinocchio or Pin Bars. It is at this point that most veteran traders will then place trades against the current trend.

When the long wick is pointed down you should place a call option and when the long wick is pointed up you would place a put option. Pinocchio strategy is an easy to apply strategy that is excellent for beginners to make some quick money with. The profits extracting strategy is effective in more than one type of trading also because Pinocchio strategy can be used in either binary options trading or for trading currency pairs. Pinocchio candles can be easily seen on technical charts of both commodities and indexes and that makes them useful for placing trades that are profitable for you right away.

There are three necessary components that pertain to using Pinocchio Strategy. The first is that when you use the strategy, it will always be composed of at least one candle and maybe more.

 

What's New 

Pinocchio Strategy. The Pinocchio Strategy is another common and popular strategy for trading Binary Options. A candle bar that has a very small body and a very long wick is known as a Pinocchio bar, or a Pin bar.

The Pinocchio Binary Options strategy is one of the most reliable strategies with an astonishing high accuracy if used correctly. Learn from the trading experts. Pinocchio strategy is an easy to apply strategy that is excellent for beginners to make some quick money with. This type of simple strategy only requires you to have a basic knowledge of the markets and you don’t have to have any experience analyzing with technical trading tools to use it. 

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Game Comments

Pinocchio strategy (Pin-Bar) Pinocchio’s lying caused his nose to grow, which is extremely relevant in this strategy since the Pinocchio­-like candle “lies” about the direction of supply and demand. All we need to do is learn how to distinguish the lie from the truth. A Pin­-bar is simply a candle whose nose (upper shadow) is. This makes the Pinocchio strategy very appropriate in some conditions when trading binary options. This strategy is called the Pinocchio strategy. More completely, it is the Pinocchio Binary Options Trading Strategy, and is also more commonly known as the Pin Bar strategy.

Pinocchio Strategy. The Pinocchio strategy is regarded as a simple strategy, and no doubts, you can quickly master it. The point of the strategy is to figure out the moment when a trend starts reversal at one of its highs. Pinocchio Strategy. Maybe you are wondering why a financial strategy has the name of a lovely wooden doll from a tale – Pinocchio. Is it named with a purpose or just a joke from the founder of the strategy?

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