How to Use Indicators to Make Successful Trades

In this webinar, we will help you get a larger picture of technical indicators such as RSI, MACD, Bollinger bands and Fibonacci. Some of them are renowned technical tools used by many binary options platforms. These indicators are redeeming and we want you to be part of the successful trading gang. So let’s get started, join and let our financial expert take you deeper into this analysis.


19:00 GMT-20:00 GMT

Mike Roberts


Webinar Transcript

Hello there everybody, Mike Roberts here. Thank you for joining me. I just want to make sure that everybody can hear me loud and clear. So if you could just send me a quick chat here on the system, that would be great that you can hear me loud and clear. I’m still waiting for the last folks, by the way, to sign in, so we are going to start in just a minute. Thank you all.

Okay folks, thank you again for joining me. My name is Mike Roberts, I’m a Binay financial analyst and this is a very important session that we are going to do today and hopefully all of you folks are ready for this. I thank you all for joining me.

Today’s session is actually going to be about technical analysis and what I mean by technical analysis is we are going to put aside this whole fundamental concept where news and information generate a trading opportunity and we are going to deal with technical movement on the charts. Now, some of you may be wondering what is this idea about technical movements in the first place. So, I’ve got to tell you folks that markets move all the time. Any asset that you are going to pick, especially the assets that are trading on the BinaryOnline platform, are constantly moving up and down, even if there is nothing going on in the market and the reason why assets are moving and why assets don’t stay at the same place all the time, is because people buy and sell assets all the time. People buy Gold and then they sell Gold, investors buy oil and then they sell oil. There are a lot of buys and sell in the financial market every single moment, every single minute of the day and when buy and sell, prices move. People do not buy and sell at the same prices. The prices move and the prices move, could be slightly, could be more aggressive movements and in order to understand this movement by prices, we use technical analysis. Folks, there is no other way to understand price movement but using technical analysis, There is no other way because if your analysis is not based on fundamental news, then, you have to understand price movement in between investors. So, that is kind of the main idea behind this session, why we are doing this session and what we are going to find today, is specific indicators that we can use in order to understand price movement and once you understand price movement, believe it or not, you are going to find trading opportunities on a daily basis. The bread and butter of trading is technical analysis and the fund part about technical analysis is that it’s all visual. No need for a PHD in Economics, no need for words, only for visual contact with the chart and today we are going to go one step further and we are going to speak about not only patterns and price action; but also about specific indicators that can help you guys find trading opportunities.

So let’s begin. If you’ve ever wondered how technical indicators can best help you out, that’s what we are going to do today. You know what, waht I want to do in the first place, before we go into the indicators and all that, I’ll go to the platform for a second. You know, at the end of the day, I’m one of those analysts that also trade and I like to trade and when I look at charts, I always have the platform open. I don’t see any why reasons why you should have a chart open and not the platform at the same time because at the end of the day, you want to take advantage. Whatever we are going to see today on the screen we want to take advantage of that on the BinaryOnline platform. […] Guys remember, ladies and gents, in binary options trading it’s all about direction meaning Call or Put and expiry. If you have both of these things in your analysis, you got yourself, what I call a quality trade. That means you got yourself an opportunity to make money.

We are going to speak about why technical analysis and as you can see, I’m going to speak about four different indicators. These indicators include RSI, MACD, Bollinger Bands and Fibonacci, and why are these technical indicators important and we are going to come up to the bottom line. But, before we go into the bottom line, I want to say again, anything that we are going to discuss today, is all about the BinaryOnline platform. When I speak about an indicator, you got to see the platform in front of you. When I speak about charts, you got to see the platform in front of you. When I speak about RSI, MACD or anything else, you have to see the platform in front of you because this is where you trade this is where your money is and this is where your profit is. All the indicators, all the analysis that we are going to do, is supposed to bring us to a point where we either find a support area which is going to give us an opportunity to buy a Call option, or we are going to find a resistance area which is an opportunity to buy a Put option. So, support is where the price receives support and goes up; that is a call and resistance is where the price gets resisted which is a put option. Let’s begin.

Technical Analysis

Technical analysis is a completely different approach from fundamental analysis. I don’t care about Donald Trump, I don’t care about Hillary Clinton, I don’t care about news from OPEC members and I don’t care about the jobs report or inflation or anything like that folks. So, putting that aside, the only reason why I still will look at specific events on the calendar is to avoid trading technical movements when you got this kind of big announcement coming up right. If there is a war right now between the U.S. and Russia or a war between the U.S. and Iran and all of a sudden, the price of oil jumps like crazy, it’s not going to help me out if I know what the regular price action for oil is because we are going to see a completely different movement, right? So you got to know if there is breaking new. One of the ways by the way to understand if there is some kind of breaking news, is to just give your expert trader a call before you want to start your session, tell him or she that you want to start trading and are there any announcements coming up and they are going to let you know and then you can start trading freely. So, that is pretty much the idea about fundamentals.

Prime focus remains on price movements in the market.

Employs fancy and exotic tools (technical indicators).

Studies past & present trends to make future trend pre

The different technical indicators:

  1. RSI (Relative Strength Index)
  2. MACD (Moving Average Convergence Divergence)
  3. Bollinger Bands
  4. Fibonacci

RSI – Relative Strength Index

The Relative Strength Index:

RSI – is a popular momentum indicator

RSI oscillates between 0 to 100

RSI is considered overbought above 70 and oversold below 30 (this is the most important sentence that you need to know). Meaning that if it heads = 70, too many people, too many investors, too many buyers, if it heads, 30 = to many sellers. People sold that specific asset too much and we are expecting a reversal. We always trade on a reversal on technical analysis with binary options. We don’t need the big movements and all that. We are looking at, kind of small movements that can generate a very big trade.

Used to identify general trends

Generates signals by looking for divergences,

failure swings and centerline crossovers.

Calculation of the RSI:

RSI = 100-100/1 + RS

RS = Average Gain / Average loss

Another way to look at RSI is just like the speed of the price and if the asset is oversold, then it’s like the speed is driving to fast on the downside and if it’s overbought, then the asset is driving too fast on the upside. We are expecting it’s sold down on the upside or expecting it’s sold down on the upside. In any case, that is the idea. RSI is my favorite indicator by the way. Now let’s move to the other indicator which is also a very nice indicator .

MACD: Moving Average Convergence Divergence

  • Is a trend-following momentum indicator
  • Shows relationship between two moving averages
  • Good medium to create and follow signals

Components of the MACD:

  • Crossovers
  • Divergence
  • Dramatic rise

MACD does not work the same way as RSI. You can use MACD is you want. Most indicators work the same way; but this indicator is a bit different. It moves, it have 2 moving averages meaning we take a period of time and we king of calculate what is the moving average, what is the average moved by and asset and if the asset is above the average or below the average, we are expecting it kind of to resume back to that average.

Alright, let’s move to another one here. Bollinger bands. The easiest indicator today in the markets. Let’s take a look.

Bollinger Bands

  • Is a highly popular technical analysis technique

  • Is plotted two standard deviations away from a simple moving average

  • In a volatile market, Bollinger Bands widen, while in less volatile period, bands contract

Characteristics of Bollinger Bands:

  • The closer the prices move to upper band, market is considered overbought.

  • The closer the prices move to lower band, market is considered oversold.

  • 90 % price actions occur between the two bands

  • Is a good indication of breakouts

  • Now, this is the bollinger band. […] Very easy indicator. The easiest indicator.

The last indicator I want to show you folks is Fibonacci retracements. I used to trade on Fibonacci retracements for years and I really like Fibonacci. It’s of course after a guy named Fibonacci and we are talking again, about the same things: support and resistance. Fibonacci retracements did not start off as a technical analysis indicator, it started out as a Math indicator.

p class=”p-style-inner”>Fibonacci

  • Also known as Fibonacci Bands / Fibonacci retracements

  • Refers to areas of support or resistance

  • Helps to identify strategic places for placing trades

  1. 23.6%
  2. 38.2%
  3. 50%
  4. 61.8%
  5. 100%

Folks, this is kind of a nice introduction to technical analysis trading, I hope you liked this. More information are on the way. By the way, I just want to say something on a personal note. I trade on myself, I’m the analyst here at BinaryOnline and I do technical sessions and also fundamental sessions. If you folks appreciate this session, then you can send an email to [email protected] and i’ll be happy to do more of these technical sessions. I tell you that around 60 or 70 percent of the session are fundamental, but if I do see demands from traders to educate themselves with technical trading, then, if you folks write me here that you are interested in technical, I’ll be happy to do more of these technical sessions in the very near future. In any case,

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The 2 step programme is a unique programme for webinar attendees like yourselves. I really, really recommend you speak to your expert trader about this. In any case that you cannot reach your expert trader, if you contact BinaryOnline’s support team at [email protected] they will refer you and also give you information about the 2 step programme. The two step programme today is something that we have worked on for a long time. You can use technical and fundamental analysis there and I really suggest that you contact, right now, your expert trader for more information about the 2 step programme. It is going to give you access to trading the markets to having a very good experience trading the markets.

Folks, thank you all for joining me. This has been a pleasure and I’m happy that you had a good time here. I’m going to do more of these technical session in a very near future and you can join me of course every single week on a Thursday for these sessions. Here at BinaryOnline, we really really appreciate folks that want to educate yourselves. Don’t forget, two step programme. I’m going to see you all next week. Have a great weekend everybody and talk soon. Byebye for now.

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