2 Factors To Look Out For That Support Your Trade

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

2 Factors To Look Out For That Support Your Trade

November 7, 2020

I’ve been backed up with outside work lately and haven’t been keeping pace with trading and updating my blog regularly so I do apologize for that.

Today, I’ll be sharing a trade that I took way back on October 25 on the EUR/USD.

The pair was directionless that day and trend wasn’t a factor in determining whether it would be safer to stick exclusively with call or put options. As can be determined from the screenshot above, there were two major price levels that price respected throughout the European session. The main support existed notably around 1.29885, where I placed a red line for visual reference. The main resistance, where I wasn’t able to catch a trade due to being away from the computer, occurred around 1.3020.

My trade, as designated by the green arrow on the screenshot, occurred at the support level on the 7:55 candle for an 8:15AM expiration. Price was finding early resistance around 1.29885 during early European trading (1:10AM-1:40AM EST) before breaking through to form new highs for the day. However, we saw a retracement back toward the level at around 3:00AM, before bouncing twice and going back to the northside. To me, this was confirmation of a strong intraday support level and would provide the potential for a trade opportunity should price get back there in the near-term.

Also, as previously mentioned, the EUR/USD was forming a strong price resistance along the 1.3020 level. The 5:15 and 5:35 candles (both green candles with wicks bouncing off 1.3020) would have presented strong put options trades, both of which would have worked out for essentially any type of expiry (e.g., 10-minute, 15-minute, 30-minute, hourly) that day.

The trade I took occurred later on the 7:55 candle specified by the green candle for a call option. I was actually quite patient with this trade. I didn’t take the trade on the previously candle despite the 1.29885 level proving itself to be a strong support earlier. The trend had been mostly down for nearly two-and-a-half hours, plus the 7:50 candle had been showing significant downward momentum. It had been down six pips in a span of two minutes. When momentum is that substantial, it’s always best to remain careful by being patient and watching out for a potential break.

Nevertheless, although the 1.29885 price level was breached, it wicked back above on the 7:50 candle. Based on this rejection, I decided that taking a trade on the 7:55 candle would be relatively safe and have a pretty good chance of working out. It didn’t turn out to be the most perfect trade, in that it didn’t constantly stay in my favor throughout. In fact, I was down almost three pips less than ten minutes before expiration. But the price support expectedly did hold and eventually close out at about a four-pip winner.

Also note during this trading day, price had little sensitivity to the 1.3000 level, a significant whole number on the pair that often serves as a notable price distinction. Looking at the chart, one could argue that it did form some minor support and resistance, but it never reliably held for more than 5-10 minutes. Sometimes these whole numbers can be great areas to trade, but on some days they can be rather unimportant, especially when price has been testing and breaching it repeatedly.

When trading, it’s always best to look for at least two factors that support your trade. For me, a clearly defined price level is the most important, followed by how price is acting around that level. As subsidiary factors, I might consider short-term trend followed by long-term trend, if either are applicable. If you have any comments or questions just leave a message below and I’ll get back to ya.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

20 Factors to Consider Before Going Global

Never in the history of the world has the entrepreneurial spirit-the spirit of adventure-been more alive or in a more favorable position to reach out to the world for business. International trade increases sales and profits, enhances a company’s prestige, creates jobs, and offers a valuable way for business owners to level seasonal fluctuations. But one thing gets tricky: what factors to consider or develop before going global.

As with any new business plan, the first step you should take before crossing borders is to do your homework. Take these 20 critical factors into account before you begin:

Factor 1: Get company-wide commitment. Every employee should be a vital member of your international team, from the executive suite to customer service through engineering, purchasing, production and shipping. You’re all in it for the long haul.

Factor 2: Define your business plan for accessing global markets. An international business plan is important in order to define your company’s present status and internal goals and commitment, but it’s also necessary if you plan to measure your results.

Factor 3: Determine how much you can afford to invest in your international expansion efforts. Will it be based on ten percent of your domestic business profits or on a pay-as-you-can-afford process?

Factor 4: Plan at least a two-year lead-time for world market penetration. It takes time and patience to build a great, enduring global enterprise, so be patient and plan for the long haul.

Factor 5: Build a website and implement your international plan sensibly. Many companies offer affordable packages for building a website, but you must decide in what language you’ll communicate. English is unarguably the most important language in the world, but only 28 percent of the European population can read it. That percentage is even lower in South America and Asia. Over time, it would be best to slowly build a site that communicates sensibly and effectively with the world.

Factor 6: Pick a product or service to take overseas. You can’t be all things to all people. Decide on something. Then stick with it.

Factor 7: Conduct market research to identify your prime target markets. You want to find out where in the world your product will be in greatest demand. Market research is a powerful tool for exploring and identifying the fastest-growing, most penetrable market for your product.

Factor 8: Search out the data you need to predict how your product will sell in a specific geographic location. Do you want to sell a few units to a customer in Australia or ten 40-foot containers on a monthly basis to retailers in France? Doing your homework will enable you to find out how much you’ll be able to sell over a specific period of time.

Factor 9: Prepare your product for export. You should expect to adapt your product to some degree for sale outside your domestic markets before you make your first sale. Packaging plays a vital role in enabling international connections. Make yours the best in its class, and you’ll be able to sell it anywhere in the world.

Factor 10: Find cross-border customers. There is no business overseas for you unless you can locate customers first.

Factor 11: Establish a direct or indirect method of export. It all boils down to export strategy and how much control you wish to exercise over your ventures. On the other hand, readiness to seize an opportunity is more important than having your whole strategy nailed down beforehand.

Factor 12: Hire a good lawyer, a savvy banker, a knowledgeable accountant and a seasoned transport specialist, each of whom specializes in international transactions. You may feel you can’t afford these professional services, but you really can’t afford to do without them.

Factor 13: Prepare pricing and determine your landed costs. Be ready to test out your price on your customer. See what reaction you get and then negotiate from there.

Factor 14: Set up terms, conditions and other financing options. Agree on terms of payment in advance, and never, ever sell on open account to a brand new customer. No ifs, ands or buts. Just don’t.

Factor 15: Brush up on your documentation and export licensing procedures. If you find it too time consuming, hire a freight forwarder who can fill you in on the spot. Ask a lot of questions. Use their expertise to your advantage.

Factor 16: Implement an extraordinary after-sales service plan. The relationship between your company and your overseas customer shouldn’t end when a sales is made. If anything, it should be just the start of a long relationship which requires more of your attention. The “care and feeding” of your customers will determine if they keep coming back for more.

Factor 17: Make personal contact with your new targets, armed with culture-specific information and courtesies, professionalism and consistency. Your goal should be to enter a different culture, adapt to it and make it your own.

Factor 18: Investigate international business travel tips. The practical aspects of international business can make or break the success of your trip. In preparing to go boldly where you’ve never gone before, plan accordingly.

Factor 19: Explore cross-border alliances and partnerships. In charting your global strategy, consider joining forces with another company of similar size and market presence that’s located in a foreign country where you’re already doing business, or would like to. Gauge your readiness-or willingness-to take on a 50/50 partnership and what it can and cannot do for you.

Factor 20: Enjoy the journey. Never forget that you are the most important and valuable business asset you have, and that the human touch is even more precious in our age of advanced technology. Take the best possible care of yourself, your employees, your suppliers and your customers, and your future will be bright, prosperous and happy.

Going global doesn’t have to be a scary proposition. By considering and developing these twenty essential factors before going global, your organization can realize the full potential of globalization and capture dramatic revenue growth.

Contact us

 How do I reset my User ID or Password?

 How do I fund an account?

Choose the method that works best for you:

  1. Transfer money electronically: Use our Transfer Money service to transfer within 3 business days.
  2. By check: You can easily deposit many types of checks.
  3. By wire transfer: Wire transfers are fast and secure.
  4. Transfer an account: Move an account from another firm.

 How can I deposit a check?

The most convenient way to deposit a check is throughВ E*TRADE MobileВ check deposit feature.В В Make sure the check is payable to you (in the same name as appears on your E*TRADE account), or to E*TRADE Securities LLC for deposits to your brokerage accounts or E*TRADE Bank for deposits to your bank account.В Note: Mobile check deposit maximum is $100,000 per day.

Have additional questions on check deposits? Learn more

 When will my funds be available to invest?

Once you have set up and initiated a transfer from anВ external funding account, funds may take up to three business days to hit your account. В Internal transfers (unless to an IRA) are immediate.В Learn more

Looking for other funding options?В See funding methods

 What is E*TRADE’s routing number?

E*TRADE Bank: 256072691
E*TRADE Securities (brokerage accounts): 056073573
For common uses of routing numbers, please click here.

 How do I place a trade?

At E*TRADE, we make it easy to trade stocks, bonds, ETFs, mutual funds, and more. Watch our platform demos or join us live every Wednesday at 11 a.m. ET for a 20-minute getting started webinar. We’ll show you how to place an order, and answer any questions you have during a live Q&A session. All with no hold times!

 How do I access tax information & forms?

Visit our Tax Center for all your tax information needs.

 How do I submit documents/paperwork?

Use our document upload tool or send us a fax.  Please reference the instructions on the application or form—in certain circumstances original documents may need to be mailed in.

  1. Upload document:В security upload forms, applications and other documents to E*TRADE Customer Service.
  2. Send us a fax:
    • General fax number: 1-866-650-0003
    • From outside the US: +1-678-624-6950

Live chat

Use live chat to quickly connect and resolve any questions you may have.


Our branches are closed due to COVID-19, but you can call to speak to a local branch representative.

Call us

Due to COVID-19 and associated market volatility, our call volumes are higher than usual. We appreciate your patience if you exerience a longer than usual wait time.В

E*TRADE Securities or E*TRADE Bank

Speak with a Customer Service Representative about your brokerage or bank account.

Stock plans

Contact us for personalized support with your employee stock plan account.

12 a.m.–11:59 p.m. ET

Designated Brokerage

This service allows companies to track their employees’ trading activities in order to meet regulatory obligations or in-house surveillance practices.

Send us mail

Please address to “E*TRADE Securities” for brokerage accounts or “E*TRADE Bank” for bank accounts

Regular mail:

Overnight mail:

E*TRADE Securities LLC
Harborside 2
200 Hudson Street, Suite 501
Jersey City, NJ

Email us

Already a customer?

If you have questions about an existing account,
please log on and send us a secure message.

Need help logging in?

Retrieve yourВ user IDВ or reset yourВ password.

About Us


Connect with us

Check the background of E*TRADE Securities LLC onВ FINRA’s BrokerCheck.

Investment Products: • Not FDIC Insured • No Bank Guarantee • May Lose Value


Securities products and services offered by E*TRADE Securities LLC. Member FINRA/SIPC. Investment advisory services offered by E*TRADE Capital Management, LLC, a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA. Bank products and services offered by E*TRADE Bank and E*TRADE Savings Bank, both federal savings banks and Members FDIC. Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc. All separate but affiliated subsidiaries of E*TRADE Financial Corporation.

Securities, investment advisory, commodity futures, options on futures and other non-deposit investment products and services are not insured by the FDIC, are not deposits or obligations of, or guaranteed by, E*TRADE Bank or E*TRADE Savings Bank, and are subject to investment risk, including possible loss of the principal amount invested.

System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.

В© currentYear E*TRADE Financial Corporation. All rights reserved.В E*TRADE Copyright Policy

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: