Binary Options Support and Resistance Strategy by Snir Yamin

By | August 12, 2015

Wednesday, August 12th, 2015 by Snir Yamin

In this article I want to share with you my effective Binary Options Support and Resistance strategy, with an average of 80% win rate. This is indeed, a very powerful strategy that can work for beginners, if this information is new to you please post your questions below and make sure to test my strategy on a demo account.

To apply this strategy in the most accurate way, we will use the following indicators on the 15 min chart:

  • 365 EMA (exponential moving average)
  • 180 EMA
  •  Bollinger Bands (default setting of 20, 2.0)

The first step in this strategy is to identify the overall trend of the current asset. In order to do this, we’re using the 365 (blue) and 180 (red) EMA’s. If the shorter EMA (180-red) is below the longer EMA (365-blue), the currency is on a downtrend. Vice Versa with uptrend – If the 180 EMA is above the 365 EMA, the currency pair is currently up trending.

The seconds step is to wait for the price to cross the lower or the upper band of the Bollinger Bands. In a downtrend we want to see a cross of the upper band from bottom to top, and in an uptrend we want to see a cross of the lower band from top to bottom. Once the price crosses the band, we will draw Horizontal line from the lowest/highest point of the crossing candle (depends on the current trend).

On a downtrend we will draw our horizontal line from the highest point of the candle that crosses the upper band.
On an uptrend we will draw our horizontal line from the lowest point of the candle that crosses the lower band.

The third step is to wait for at least 3 bounces of our horizontal line. We want to see the price testing our line but not closing below it (in case of a support) or above it (in case of a resistance) at any given point. On the 3rd bounce of our support/resistance line we will open a Call (on support) or Put (on resistance) to expire at the close of the following 15 min candle.

eur-gbp-setup

As you can see, EUR/GBP is currently up trending according to the EMA’s (180 above 365). Around 8:00pm EST the price crossed the lower Bollinger band, this will be our place to draw the horizontal line from. Then, price tested this level once and closed above it. Then tested it twice and closed above it again. On the 3rd touch of this level we opened a Call option to expire at the close of the following 15 min candle. As you can see this position ended up deep In the Money (ITM).

gbp-usd-setup2

As you can see, GBP/USD is currently down trending according to the EMA’s (180 below 365). Around 4:00am EST the price crossed the upper Bollinger Band, this will be our place to draw the horizontal line from. Then, price tested this level once and closed below it. Then tested it twice and closed below it again. On the 3rd touch of this level we opened a Put option to expire at the close of the following 15 min candle. As you can see this position ended up deep In the Money (ITM).

Who is the author of this article, Snir Yamin? 

Snir is one of top trading admins at Mike’s FB signals group. He hosts webinars, teaches binary options and provides our members with daily signals. With a consistent performance of over %75 ITM Snir is a leading trader and definitely someone you want to learn from and follow. Don’t hesitate to share your questions or comments below.

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11 thoughts on “Binary Options Support and Resistance Strategy by Snir Yamin

  1. Munu Wan

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    Reply
  2. Snir

    Hi Bill,

    We are using the EMA’s to identify the overall trend of the assets. On an downtrend you will want to trade only resistances and vice versa on an uptrend (supports).

    I hope it answered your question and thank you for trying my strategy!

    Reply
  3. Bill Boren

    Snir, Looks like a great and simple strategy, but i do not understand the need for the 2 EMA’s. Would not the breakout of the BB’s work w/o the EMA’s?

    Reply
  4. Ryan Bielenberg

    I have been using this strategy since the Webinar on Monday and it has taken the stress out of my trading. It is very easy to identify support/resistance levels on the 15 minute chart. Today, I was 7/9 ITM! I learned a valuable lesson yesterday and that is to be patient and let the trade come to me. Thank you again for all of your hard work!

    Reply
  5. Nate D. Burleigh

    Snir is one of my favorite admins and signal providers on Mike’s Signal’s group. This is a great strategy and I’ve seen it work first hand. Give it a shot, you won’t regret it.

    Reply
  6. Diane Cleak

    Snir is a wonderful trader and trainer. He makes it easy for us all to understand. He provides accurate daily signals on Mike Freeman’s Facebook Group, which is excellent

    Reply
  7. Sam

    Wish I attended the webinar!

    I took a quick look at a couple of setups on my own and it looks very promising.

    Thank you for sharing this Snir & Michael, looks like a very solid strategy!

    Reply
  8. Alex Bates

    Nice and Simple Strategy, I’ve heard you guys are doing great, keep up the good the work 🙂

    Reply
  9. Beth

    Great article, very clear & to the point. I’m sure I could go & place a trade with confidence from these instructions. Thanks Snir & Michael for posting.

    Reply
  10. pete chrus

    Awesome post. I was waiting to see an article on one of snirs strategies. Also thanks mike. Everything i know about binary is because of you.

    Peace!

    Reply
  11. Mohd Najib Mohd Amin

    Great Stuff!!..I’m always a BIG supporters and follower of Snir…he always educated us with excellent attitude and skills..and now with this brilliant and honest article,it would help me learn lot much better… Thanks for sharing ur exceptional knowledge…

    Reply

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