Traderush success!

This morning the head trader at Traderush, skyped our private group, saying:

[1/14/13 5:01:20 AM]  Bruce Williams: USD/JPY Up for the end of the day!
[1/14/13 4:48:48 AM] Bruce Williams: A good rate is 89.409…
[1/14/13 5:01:39 AM] Terrence Brannon: I just went in with a call and the price was just below 89.409

So the times above are EST, or GMT-5. And all day, this Instrument went down and down and I was wondering what made him choose this signal and I was sure I was going to lose my money, but at the end of the day, my $25 trade led to this payout:

Learning Binary Options

Lesson 1 – RSI:

Relative Strength Index lets you know if an instrument is overbought or oversold. At TradeRush we use a period value of 8 instead of the default 14 and we set our resolution to 10 minutes, even though it is known to work for all period choices. You also need to see some movement in the direction of your prediction first even after it breaks the heuristically established values of overbought and oversold of 70 and 30 respectively.

Here is an excellent page discussing RSI.

 

Lesson 2 РMACD:

Moving Average Convergence Divergence (MACD)

Here is an excellent page discussing MACD.