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I started my trading career in 2017 and over the past six years. Sometimes, I won and sometimes I lost. Fortunately, I was lucky enough to survive and build my career in trading.
You can also make it happen. However, you need to follow a proper trading strategy paired with solid money management. Therefore, In this article, I will be sharing my favourite Pocket Option Hack or Pocket Option Strategy that you can use to make money while you trade.
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Pocket Option Income proof: Why you should follow my guide?
I have been trading on the Pocket Option trading platform for the last two years, during which I have also made some big significant withdrawals, given above is the screenshot. So, yes, I am an experienced trader, and you can trust me with what I teach.
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Pocket Option Hack: How to win in Pocket Option?
First, log in to your trading account and set the default chart as candlestick. Here, I assume that you at least know the basics of the candlestick. In case you don’t know, watch this tutorial.
After setting up the chart, choose the trading instrument that you wish to trade with and define the timeframe. This strategy works best on the longer-term charts. Lastly, click the indicator button and select RSI from the menu.
RSI or Relative Strength Index is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate the overbought and oversold levels.
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More about RSI
RSI is displayed as an oscillator ( a line graph that moves between two extremes) and can have a reading between 0 to 100.
This indicator helps us identify overbought and oversold regions for making trading calls.
Overbought is a term used when the security price is believed to be trading above its fair value (mostly 80). When the security price is above or near the overbought level, you can consider selling.
Similarly, the term Oversold means that the asset price is below its fair value and potentially can bounce back up. When the security price is trading at the oversold level, you can consider buying.
Pocket Option cheats: Combining with Support and Resistance
The importance of support and resistance is enormous for traders who rely on technical analysis. The levels of support and resistance can enhance the quality of your trading calls when used in conjunction with other high-quality indicators.
In this strategy, we will merge support and resistance levels with other indicators like RSI. When you spot the price falling from a resistance level and the RSI line is near the overbought level, consider selling
Similarly, when you spot the price rising from the support level and the oversold level, consider buying.
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Make buy calls near the support level
If the RSI line is near the oversold level, with the candles near the support level. In that case, you need to make buy calls.
As you can see above, the candles are near the support level with the RSI line near the oversold level. So, here we can make some buy calls for a longer time frame.
Make sell calls near the resistance level
Similarly, As you can see above, the candles near the resistance level are with the RSI line near the overbought level. So, here we can consider placing a sell trade for a longer time frame.
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Using Support & Resistance during trading at Pocket Option
When analysing the charts, you will notice that the support and resistance levels are often strong. This is why the odds of price breaking those levels are low. These levels can be robust, allowing you to hold long positions.
Individually, Support and Resistance can yield some high-quality calls. However, when combined with the RSI indicator, the outcome can be more amazing.
Whenever the price is near the support level with the RSI line near the oversold level, you can enter a buy trade. Similarly, when the line is near the resistance level with the RSI line near the overbought level, you can enter a sell trade.
The best way to understand this strategy is by trying the same strategy in the Pocket Option practice account and keeping a proper track record in a notebook on how much profit or loss you made.
Once you are confident enough with the strategy, you can move to the Pocket Option real account.
We wish you a good profit!!
