Got it!
Let’s create a more detailed Advanced Price Action Guide with:
✅ More price action patterns
✅ Deeper candle psychology
✅ Exact entry timing techniques
✅ Expiry & confirmation rules
Here’s the expanded guide:
ADVANCED PRICE ACTION GUIDE
FOR BINARY OPTIONS (QUOTEX)
1. Multi-Timeframe Context & Market Structure
1. Start with higher timeframe (M5 or M15)
o Identify the main trend (higher highs & higher lows = uptrend, lower highs &
lower lows = downtrend).
o Look for key levels where price reversed multiple times.
o Only take trades that align with higher timeframe bias.
2. Market Phases
o Trending phase → best for continuation setups (flags, pennants).
o Range phase → best for reversal setups (double tops/bottoms, liquidity
grabs).
o Avoid unclear chop zones with no clear direction.
2. Candle Psychology in Detail
Understanding who is in control (buyers or sellers) is key.
Strong Momentum Candle
o Large body, small/no wick.
o Shows aggressive order flow.
o Next candle likely continues same direction.
Exhaustion Candle
o Long wick with small body in trend direction.
o Shows trapped traders / profit taking.
o Often appears at the end of a move → potential reversal.
Indecision Candle (Doji/Spinning Top)
o Small body with wicks on both ends.
o Neither buyers nor sellers in control.
o Wait for the next candle to break either high/low for direction.
Engulfing Candle
o Candle completely covers previous candle’s body.
o Bullish engulfing after down move = buyers taking control.
o Bearish engulfing after up move = sellers taking control.
3. Key Price Action Patterns
1. Pin Bar Reversal
o Long rejection wick at key level.
o Entry: Next candle in opposite direction of wick.
o Expiry: 1–2 minutes.
2. Break & Retest (Structure Break)
o Price breaks a key level → retests it → continues breakout direction.
o Entry: At retest confirmation candle.
o Expiry: 2–3 minutes.
3. Order Block Reaction
o Look for the last opposite candle before a strong impulse.
o That area is where big players left unfilled orders.
o Entry: When price returns & rejects the order block.
4. Liquidity Grab / Fakeout
o Price sweeps previous high/low → quickly reverses.
o Entry: After engulfing candle confirms reversal.
5. Inside Bar Breakout
o Small candle fully inside previous candle range.
o Trade breakout of the mother candle.
6. Double Top / Bottom
o Price tests same level twice → fails → reverses.
o Entry: After second rejection candle closes.
7. Micro Trendline Break
o Draw small trendlines on M1.
o When price breaks → strong momentum candle confirms.
4. Entry Timing & Confirmation
NEVER enter mid-candle. Always wait for candle close confirmation.
For reversals, look for 2-candle patterns (e.g., pin bar + engulfing).
For breakouts, confirm strong close above/below level with momentum.
Combine structure + candle + timing for high probability entries.
5. Expiry Selection for Binary Options
Pin bar / rejection trades → 1–2 minute expiry.
Break & retest trades → 2–3 minute expiry.
Momentum continuation → 1 minute (quick scalp).
Always match expiry to the expected move duration.
6. Session Timing & Volume Considerations
Best trading times:
✅ London Open (08:00–10:00 GMT)
✅ New York Open (13:00–15:00 GMT)
✅ London–New York overlap = highest liquidity
Avoid:
❌ End of New York session (low volatility)
❌ Major news releases unless you know how to scalp volatility
7. Advanced Confirmation Tools
(Optional but helpful for extra confidence)
Round numbers & psychological levels (1.1000, 1.1050) → high reaction zones.
Volume spikes → confirm real breakout vs. fake move.
Correlation with higher timeframe trend → higher win rate.
8. Risk & Trade Management
Take 2–4 quality trades per session.
Risk only 1–2% of account per trade.
Stop trading after 2 consecutive losses → avoid revenge trading.
Track every trade (screenshots + notes) → analyze patterns in wins/losses.
Step-by-Step Example Trade
1. Higher timeframe (M5) shows uptrend → bias is bullish.
2. On M1, price pulls back to demand zone (order block).
3. Bullish pin bar appears (long wick rejection).
4. Next candle closes bullish engulfing.
5. Enter CALL option with 2-minute expiry.
What to Master for 70%+ Accuracy
✅ Support/Resistance mapping
✅ Candle psychology (momentum, exhaustion)
✅ Reversal + continuation patterns
✅ Proper entry timing & expiry
✅ Trading only in best session hours
✅ Discipline & strict risk management
Would you like me to now:
1️⃣ Convert this into a clean downloadable PDF again (I’ll fix encoding issues)?
2️⃣ Add visual examples (I can describe how each pattern looks)?
3️⃣ Create a step-by-step “Daily Trading Plan” you can follow?
Which one do you want next?
