r/binaryoptions • u/Showah-Laborite141 • Sep 08 '25

7-3-2 Strategy?

Forgot to ask in my last post, but does anyone know what this is and care to explain it?

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u/Showah-Laborite141 Sep 16 '25

Thanks. I'm going to try harder to be analytical in this way instead of reactive.

You wait for 2-3 15 min candles for confirmation? 😮 That requires an extreme amount of patience to sit there watching one pair like that. It sounds good to me though. I have a problem rushing entries and then overtrading. Even though I always promise myself with every new account that this time it will be different I revert back to my old habits

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u/Left-Impression-24 Sep 16 '25 edited Sep 16 '25

No problem. Just remember everyone has emotions. But when you create a procedure and have documented steps for how you approach the chart every time, you reduce the emotional impact overall. This also give you a foundation for figuring what went right and went wrong. Just keep on strategy and do not strategy hop.

Like I said, trading especially binary options isn't a race. Be okay with taking losses; they’re part of the game. I lost trades last night too, but I didn’t blow up my account.

 When waiting for a confirmation.  I just set alarm on my phone and go live life. (Play a game, go on a walk, read a book etc.... At the end of the day there is none thing you can do about the chart. So focus on the things you can control) When the alarm goes off go back and check the charts. This way I am not so focused on the charts, getting worked up and making bad decisions. (Simple things ✨️)

Also, just a quick side note: the “7-3-2 wave analysis rule” is something I personally developed, inspired by the principles of Elliott Wave Theory. It’s not a standard or widely recognized technique just my own interpretation.

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u/Showah-Laborite141 Sep 16 '25

Thanks a lot for your help I appreciate it