The End of the Day setup overview is a daily set of analyses of investment opportunities based on the EoD strategy, if you want to find more details, check this link. The series will last exactly two weeks. After this period, on Saturday, September 23rd, I will publish a report summarizing the statistics of this strategy and will show whether or not during this two weeks strategy was profitable.
As announced earlier, on the same day, I will also present another strategy that I will test for another two weeks. This way I will try to test as many investment strategies as possible for binary options in order to find the best and most effective one.
Early in the morning the End of the Day strategy indicated several potential trading signals. Sadly, the vast majority of them have turned out to be false and if the situation does not change quickly, the strategy will have no chance to become profitable. So far we are still in the testing phase and detailed statistics will be presented during the weekend.
Currently, only two financial instruments are worth mentioning: GBPUSD and GOLD.
GBPUSD started Tuesday’s session above the PP level (pink dotted line called Pivot) which means that the only scenario we are interested in is the downside one. As a result of the initial rises, market reached the SMA33 moving average, where a supply response occurred. Because the drops are not so big, we still can consider PUT option on this instrument.
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GOLD also started Tuesday’s session below the PP level which means that the only scenario we are interested in is bearish one. From the beginning of the session market moves in a horizontal trend (consolidation), and as soon as this move reaches the level of PP, which now converges to the SMA33 average, we would expect a supply reaction there. Rejection of this zone could be a signal for further declines and thus an opportunity to open PUT option on this instrument.
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