Taking Advantage of The End of The Day Expiry
In my eyes this is a much more advanced setup and requires really good confluence leading up to the trade execution. An end of the day expiry (EOD expiry) lasts a few hours as it will only expiry at the close of the New York market. We normally look for these A+ setups at or after the London market open. This should not by any means be a 50/50 trading opportunity. Being exposed to the market for such a period of time one should be on the lookout for an A+ setup to present itself. Notice I said “present” itself. That means it has to be clear as day with a valid DTFL setup formed before executing your trade!
End Of The Day Expiry Explained…
When using the EOD expiry options you are predicting whether the price of the selected asset will be higher or lower than your entry (Strike Price) before the New York market closes. This expiry time will differ depending on your time zone.
- I executed the trade at 11:02 on the 29/07/13 indicated under the Execution Date tab.
- The trade expired at 22:00 on the 29/07/13 indicated under the Expiry Date tab.
Please Note: These times will differ depending in which part of the world you are. The platform uses your computer time to determine the expiry times available to you. In my case the time zone is GMT +2.
Live Binary Options GBP/USD Trade
I hope you enjoy and learn from this video. The trade was executed on our recommended broker platform.
A few members and I spotted the Stop Run combined with a great candle formation giving us enough confluence to consider this an A+ setup. We also identified how Smart Money played the break-out traders at the bottom of the Asian range before moving price back up to take out their stops. This just shows how extremely useful the Skype group is to members. The trade hardly ever went against us resulting in a nice 50+ pip in-the-money trade. Although the trade took 11 hours to expiry it only took us a few seconds to place the trade. This was a perfect example of a set and forget trade, freeing up your time to do the things you love. Once again a very successful binary options trade combined with the power of DTFL!
If you have questions about joining the Day Trading Forex Live recommended Binary Options Broker or need more information about the FREE Skype room when joining TopOption please feel free to contact Allen Henn. He is a current member and the DTFL Binary Options host. He will answer any questions and give you an idea of what the service involves and support we provide.
If you have any questions about the FREE Binary Options education when you sign up with TopOption you can contact Allen Henn at firstname.lastname@example.org to set up a time for a conversation over the phone if you like or call his SA phone line at 0836564432 or Skype at Allen.Henn
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