Your capital may be at risk. This material is not investment advice.
Snir’s GAP trading pattern for binary options trading is one of the most practiced and effective trading patterns to be composed and used exclusively for binary option day traders. Snir is one of the most successful and best performing trading admins for Mike’s Facebook Signals Group who has generated over 600 winning trades for the members of Mike’s Facebook group.
Since Snir’s GAP binary options trading pattern is a technical analysis based trading pattern so the use of a charting solution, such as Free Stock Charts, is required along with the implementation of a couple technical trading indicators. The incorporation of two exponential moving averages, with one set to a period of 180, while the other set to a period of 365, is required, along with a 30 or 60 minute time frame. This GAP trading pattern can only be used on currency pairs. What makes this trading pattern quite unique compared to other trading patterns is that the signals are generated where gaps have actually occurred between Japanese candlesticks.
GAP trading pattern demonstration
The first step that must be fulfilled when utilizing Snir’s GAP trading pattern would be that the currency pair must be displaying a bearish, or downward trend. The second step would be that the GAP that occurs must also be heading in a downward direction. The third step would be to measure the difference between the closing and opening values of the candlesticks that create that gap. If the gap is larger than the body of the first candle, it indicates to investors that the gap is likely to continue to influence the price of that asset in a downward direction, so we would go ahead and place a 30 minute PUT investment. If you prefer to invest with a longer expiry time, you can also change the time frame of this trading pattern to one hour and use one hour investments, as long as all the of the steps are fulfilled beforehand. To see this trading pattern explained live, please feel free to watch the video above.
Return to the main education page.