For a long time, I did not post an article to show money withdrawal and entry points. Has the owner of Olymp Trade Club website gone lost in an island? If that’s the case, then I found my way home today: D. Hello all friends!
This article will guide in detail how to open options following candlesticks’ color with an even time frame. At the same time, I review all the options I have traded on August 20 in Olymp Trade.
- 1 10% profit a day trading in Olymp Trade
- 2 How to open options following candlesticks’ color and Even Time
- 3 Review the entry points in Olymp Trade on August 20
- 4 What is the difference between me and you when trading in Olymp Trade?
10% profit a day trading in Olymp Trade
On August 20, I spent a day from morning to afternoon to sit, watch and open options in Olymp Trade. Total 15 options were opened ($200 each option). Win 11, Lose 3 and Draw 1.
That is enough for 1 week. And when I was writing these lines, I proceeded to withdraw all my money from my Olymp Trade account to the bank.
How to open options following candlesticks’ color and Even Time
Even time means you adjust the time frame rounding to minutes. The expiration time is rounded to every minute (number of seconds is 00).
If you choose the candlestick chart at any time frame, the time expiration of the transaction will correspond. For example, you trade at a 5-minute candlestick chart, the time expiration will always be: xx: 05, xx: 10, xx: 15, etc, xx: 50, xx: 55.
A detailed example of how to open options with 5-minute candlestick. Increase the expiration time equal to the time to close the next candlestick. This is the candlestick you will bet. Open the option immediately as soon as the countdown time of the current candlestick is 05:00 (starting the new candlestick). There, time left to buy will be 4 minutes. If you bet the next candlestick green, click Up. If you bet the next candlestick red, click Down.
In addition to the skills to open options precisely in seconds and adjust the time expiration, the two most important rules when trading following candlesticks’ color in Olymp Trade are: (i) Never trade with a 1-minute candlestick. (ii) There is always a signal candlestick for you to open options.
Signal Candlestick is the sign to open options. A specific example, when the signal candlestick closes at the support/resistance zone => you have the right to open a reverse option. But if the signal candlestick breaks support/resistance => Do not do anything.
Please read back and remember these rules. If you choose candlesticks’ color as a way to trade in Olymp Trade, then you have to remember those basics.
Review the entry points in Olymp Trade on August 20
Only one currency pair: EUR/USD. 5-minute candlestick chart = 5-minute expiration time. Systematic capital management with $200/1 option. How to open options: Following candlesticks’ color. It means when the signal candlestick appears, bet the next candlestick.
EUR/USD during my trading had 3 main states: Sideway, Downtrend and Uptrend.
Phase 1: In the morning, from uptrend to sideways
The mainstream of this phase is to open UP options. It’s simply because opening UP options gave me the feeling of safety and confidence.
A total of 8 options opened: 2 lose – 6 win. I made the image look a bit more messy than usual, but I believe you’ll understand better. Following all the candlesticks that I opened options to bet green was one signal candlestick. Explain each option right now.
(1): A red candlestick entered the level zone (the old resistance became a new support level). The candlestick closed in the level zone = betted the next candlestick green (opened an UP option) => win.
(2): The price continued to rise above the level zone. The red signal candlestick (test levels) => betted the next candlestick green (opened an UP option) => win.
(3): Red candlestick tested levels => betted the next candlestick green (opened an UP option) => lose.
After the lost option, I waited for EUR/USD to increase and break levels. But no, the market went sideways. You must know that sideway is easy to identify. Just need to draw 2 straight lines to know the support/resistance zone.
It may look easier to open options but the probability of winning is not high. To limit this, either you choose to open all Up options, or you choose to open all Down options. You shouldn’t open an Up option after a Down option or vice versa. It’s very dangerous. The more options you open, the easier you will burn your account.
(4): Red candlestick tested and closed in the support zone => betted the next candlestick green (opened an UP option) => win.
(5): EUR/USD surpassed resistance and created a test candlestick => betted the next candlestick green (opened an UP option) => win.
(6): Red candlestick tested the resistance zone it just surpassed => betted the next candlestick green => lose. EUR/USD went sideways again. No uptrend took place. Stopped here. The reason: 1 day 6 options (4 wins 2 losses). This profit was enough.
Phase 2: From sideways to downtrend
If you’re the one making money in Olymp Trade, a few options a day are enough. But if you consider yourself a trader and have time to wait for the right points to open options, we continue.
(7): A signal Pin Bar candlestick was in the support zone => betted the next candlestick green => win.
(8): Red candlestick tested the support zone => betted the next candlestick green => win. This was the most thrilling option of the day, which won exactly 1 point only.
EUR/USD fell sharply and broke the previous strong support. If you type in the price, chances are this is the area you will try to open up the hit command. But if you trade with candlesticks’ color, then the time when the red candlestick surpassing the support means that you shouldn’t open any reverse open now. Downtrend = open a Down option = bet the candlestick red (this is the rule).
(9): EUR/USD was in downtrend, the signal candlestick tested => betted the next candlestick red (opened a Down option) => win.
(10): Green candlestick tested the previous level => betted the next candlestick red (opened a Down option) => win.
(11): Green candlestick was in a downtrend and tested levels => betted the next candlestick red (opened a Down option) => win (T.L.S).
It was a long downtrend, but only 3 options were opened. Because other entry points didn’t have a high probability of winning. The best way to trade in Olymp Trade now is to only open options at points with such high probability that you are willing to trade with your money.
Phase 3: Signs of a trend reversal (From Downtrend to Uptrend)
There is no need to know about RSI divergence or something complicated. You just need simple signs to determine. Downtrend = the next peak is lower than the previous one and the bottom is lower than the previous bottom. Uptrend = the bottom is higher than the previous one, the peak is higher than the previous peak. And when this sign appears, it is best to sit still and wait. Wait for the 100% Uptrend confirmation and then return to open Up options (bet candlesticks green).
(12): The price surpassed the level with a long green candlestick, which gave an Uptrend sign. It retested the level with a red signal candlestick => betted the next candlestick green (opened an UP option) => win.
(13): This point was the same as the 12th candlestick. The only difference is that it gave 1 lose point. Test signal candlestick in uptrend => betted the next candlestick green (opened an UP option) => lose.
(14): Still one test candlestick (signal) => betted the next candlestick green (opened an UP option) => breakeven.
(15): Continued to trade Up because the candlestick in 14th option was a test candlestick => betted the next candlestick green (opened an UP option) => win.
What is the difference between me and you when trading in Olymp Trade?
Maybe when you finish reading this article, you will open the Olymp Trade interface. Review my entry points and ask yourself. Why does he open options at this point but not at that point? Or why does he post every time the market is good but normally when the EUR/USD currency pair fluctuates a lot, I can’t see him anywhere?
Answer: It is patience, experience and rules. After burning enough money, my feeling about EUR/USD is better. If it feels unsure, skip opening. If the market fluctuates like hell, then turn off the screen and go to do something else.
If the market is beautiful, then return to open some options. If it is stable, under control, readable, predictable and you know how it will rise or fall, choose the best points to open options.
This is also the main reason why “they, the IBs” can only show you 1 option in thousands of options they trade. As for me, I show you constantly 15 options in a day. Same color, same strategy, same logic. That is my standard. If the entry point is up to my standard , I open options. If not, I skip. And I believe that is also the reason why you choose this website to read and learn some knowledge.
I will post more articles. If you like to share and want your article to be online on this website, don’t hestitate to send it the group admin: Olymp Trade Club. And each article will have its own signature at the end of each one.