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A few seconds after another down (red) starts taking out the lows of prior up (green) candles. Even though it was over a number of candles, it still shows the change direction.

Once again, traders need to rid themselves of the notion that there is something magical about the close of a bar, especially in forex day trading.

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Last June it set up shop in the Royal Exchange in the City of London, a move it said would help bring binary options trading to the masses.

All thats left for them to do is sign up customers. The Bureau has previously reported on the high-pressure tactics that some binary options call centre staff use to convince people to open accounts; the same methods are later used to persuade them not to cash out.