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See all. Back to home page Return to top. Back to home page. Listed in category:. Opens image gallery Image not available Photos not available for this variation. What did you get back? A good site, a top site, an informative site or one filled with dozens of dancing banners? Pages filled with flashing banners, dozens of links and a pushy sales pitch are my target today.
Why are there so many banners on some sites? Probably because there are so many different binary options brokers, signal service providers and trade gurus. Each broker or service pays web hosts for clicks and conversions.
The reason why some sites have so many banners and ads is because their number one purpose is to make money through affiliate marketing. Ever heard of the shot gun and sieve approach? This is when you try everything you can in hopes that something will work. In binary options this may mean a web site may have an add for EVERY broker, not just the good ones, in hopes that somebody anybody will sign up with one of them. This is a question you have to ask yourself when approaching a new binary options website.
Just because the site is filled with binary options banners does not mean it is not a good site. In fact, too many banners is a huge red flag. Having too many banners could be a sign that the site is only intended to sign up new customers. If this is the case can you really trust the information it provides?
Some websites where you might find a plethora of banners are small promotional websites, review websites, signal and bonus sites. Some sites can legitimately display numerous banners due to the nature of their work but you still have to approach them with caution. The important thing is to check into the site itself to see just how reputable it is. It is possible, and even probable, that someone with no binary options experience has set the site up with the intention of making money through affiliate marketing.
A website with an overabundance of flashy banners may not be promoting good binary options brokers , just brokers in general. Believe it or not Google and the other major search engines are trying to do something about this. You may have heard of things like Panda and Penguin. These are additions to the Google algorithms that tries to address the issue of over advertising and websites whose only goal is to make a conversion.
When Google first launched the Panda update there was a huge uproar among the SEO and online affiliate marketing community. Websites that had been ranking very high in search, and making a lot of money, were eliminated from SERPs seemingly overnight simply because Google determined they were ad heavy.
The best time to find a consolidation area to form a flag is between important economic news since that is the period when the market does not move particularly, and prices have no reason to fluctuate. Besides the example with the Asian sessions, one can also rely on the end of the first week of the month, since the Non-Farm Payrolls NFP are announced and released which traders consider too risky, so the market usually stays consolidated during that period.
If you are already searching consolidation periods and areas, it is recommended to look for flags as well since they are known to pay off. If your hourly chart displays a flag formation, traders should look for trading options by the time the trend line exceeds either the downside or upside. According to Elliot Waves, the father of chart reading and pattern formations, and his theory, flags actually represent corrective waves in the form of b waves or x waves, whereby they are almost never in the form of legs of the contracting triangles.
The optimal time to look for either call or put options is after the b wave retracted, no matter what direction it takes, it can be either below or above the range. Also, when you recognize a zigzag pattern that formed, the chances are high that the pattern represents a flag.
Remember that time, continuation pattern, the zigzag pattern, and consolidation are your friends when looking for a flag for accurate predictions. Flags represent a unique binary options strategy that was rewarding for many traders. Your email address will not be published. The consolidation area can predict future price movements with great precision, whereas some of the factors which need to be regarded include the following: The actual consolidation is indicated by zigzag patterns in double and triple patterns whereby it can represent a double or triple combination.
There are no impulsive movements and the lower area displays almost steady corrections which stay more or less the same; Before the price actually breaks the range, up or down, one has enough time for a measured move which will indicate the future prices. Continuation Patterns Equal Flags It has already been mentioned in this review that flags are continuation patterns, but the important piece of information cannot be stressed enough.
Flags and their Relationship to Corrective Waves According to Elliot Waves, the father of chart reading and pattern formations, and his theory, flags actually represent corrective waves in the form of b waves or x waves, whereby they are almost never in the form of legs of the contracting triangles.
In bullish trends, the flag includes a bearish direction trend, whereas in bearish trends, the flag includes a bullish direction trend. Once the flag has ended, prices usually continue to move in their prior direction. Sign Up. Many traders use the flag pattern as a signal to trade a touch option, as once a flag is complete, prices will generally move at about the same rate for around the same amount of distance as before the creation of the flag.
This is a clear indication that a touch option should be traded as long as one can be found with a suitably long expiration time and an appropriate target price. Although this trading strategy may be considered to be somewhat risk as there are other factors that could influence movement following completion of the flag, a touch option results in a good payout, with the chance of winning an adequately high percentage of trades to ensure a good profit.
The flag can also be traded in the same way as other continuation patterns. It is also possible to use the lower and upper resistance levels of the flag in its early stages to trade no touch options with target prices outside the flag, using the prediction that prices will turn once resistance is reached. In the case of an uptrend, lower resistance levels are on the near side, while in downward trends, the near side will be the upper resistance level.
It is important to note that a flag pattern is a rare finding, with limited opportunities for trading.