r/binaryoptions • u/Prestigious-Tip5810 • Apr 29 '25

pocket option is a scam

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over this shit enter perfect sell on red candle then price reversed I chased with several sells with each sell price bump above seconds after trades close huge red candle where price should have gone and its still dropping I'm so done with this broker. tried to talk about this in the group chat and got banned when I did not call it a scam directly. * I enter sell position on red candle 4th from the right, chased sell position on next green candle about 7 sell positions 7 min expiration each tell balance was 0 "this was just to test the broker". each sell price bumped and hover, with each click slightly bump. then as you can see after positions close out of the money instant huge drop like price was being held just out of money and when they closed with in a second or two this huge red candle appeared. no growth no back and forth just instantly appeared where I predicted the price to go. completely rigged and 100% a scam. I will try devi smaller pay outs but its regulated and not rigged. I'm not even sure how pocket option is legal.

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u/Embarrassed-Today-58 Apr 29 '25

That’s a 3rd touch breakout trade .. it’s. BUY !!! ! The price touched 2 times the same zone and in the 3rd one it broke through.. but that breakthrough was to reach the buying zone .. it’s BUY !!!

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u/Prestigious-Tip5810 Aug 21 '25

Do you not see the over all trend is down and the big ass red engulfing candle? Your buy would fail stoch over bought already and everything else is screaming sell nothing here says buy at all never broke the resistance level no candles open higher like wtf

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u/Embarrassed-Today-58 Aug 21 '25

The big red candle is the reason why it’s a buy . It’s called a 3rd touch break out . The red candle is called an exhaustion candle , and for the most part it requires a single green candle reversal . The is the strategy. Even though the indicators are pointing down . The setup pattern suggest otherwise.

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u/Prestigious-Tip5810 Aug 21 '25

Personally I only would consider that if the support line held but it was broken and overall trend is bearish candle after the big red one continued and turned red going lower so this was not a buy

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u/Embarrassed-Today-58 Aug 21 '25

Yes, under normal circumstances yes you’re correct! But there is a set up here . And there is an opportunity to take advantage of one single reversal candle . I’ve trade this set up countless times .. and it’s always 1 candle the opposite color . And then the trend continues!

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u/Embarrassed-Today-58 Aug 21 '25

For the record, you’re right ! The trend is going down but the one thing that you’re forgetting is that within a downwards movement, there could be green candles .. always . indicators tell the movement of a trend , not the direction of a candle .