1 Min Strategy Binary Options

On Monday, I broke from my normal routine of trading xv-minute expiries from the five-minute nautical chart in favor of “threescore-second” binary options. For one, I simply felt similar breaking things up a scrap for my ain enjoyment. And two, I know that many traders are into this fast-paced alternative, as it’due south now offered by many offshore brokers. Therefore, introducing some 60-second trades into my blog can serve to lend some advice on how I would approach these.

Brokers with 60 Second Options

Normally, I do non trade 1-infinitesimal options first and foremost because the payout is relatively poor (seventy%). Also, it is more hard to exist every bit accurate with these trades as the 15-minute trades, due to the inherent level of dissonance on the 1-minute chart, in my stance.

In other words, when trading 60-second options from the 1-minute nautical chart, you’re dealing with a very pocket-sized amount of price data encapsulated in each candlestick, and 1 infinitesimal of price activeness is relatively inconsequential in the thou scheme of things. That said, I believe that it’s fully possible to make sound trading decisions regarding what may happen to the cost movement in the side by side minute.

Basic 60 Second Strategy

My basic strategy toward 60-second options goes as follows:

1. Detect back up and resistance levels in the market place where brusque-term bounces tin can be had. Pivots points and Fibonacci retracement levels tin be especially useful, only as they are on other timeframes while trading longer-term instruments.

2. Take trade prepare-ups on the beginning touch on of the level. When you’re trading instruments that have a high level of noise inherent in the eventual merchandise outcome (like “60-second” options), I believe that taking a higher volume of trades can actually play to your advantage.

For those who are not familiar with the mode I normally trade the xv-infinitesimal expiries from the v-minute chart, I commonly wait for an initial pass up of a price level I already have marked off ahead of time. If it does pass up the level, this helps to farther validate the robustness of the price level and I volition look to get in on the subsequent bear upon. Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy set-ups.

lx Second Trades Pb To College Merchandise Volume

But since the inherent noise in each sixty-2nd trade is so big to begin with, I believe trading in higher book tin really work to 1’s benefit in that it helps to even out the accuracy fluctuations that come when trading such short-term instruments.

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To provide a baseball analogy, a hitter who normally maintains a batting average of .300 (i.eastward., he makes it on base of operations with a hit on 3 out of every 10 at-bats) may go through a ten-game stretch where he only bats .100. On the other hand, in that same span, he might hitting .450. But over the course of a 100+-game season, it’southward expected that with plenty at-bats, his true skill level with regard to striking will be accurately revealed. It’s a “regression to the hateful” type of concept.

As such, if yous’re trading 60-second options and but taking i-2 trades in a 4+-hour session (i.e., beingness super bourgeois), it’due south likely that you’re going to be waiting a very long fourth dimension earlier your truthful skill level at this form of trading is revealed to your attention.

Yous may non even have an constructive strategic approach to 1-infinitesimal options, and it would be unfortunate if yous went over a month of trading this instrument before you lot brainstorm to realize that that’s the instance once your turn a profit bend (or ITM percentage) starts to accept its appropriate shape. That said, don’t overtrade by taking set-ups that aren’t actually there. That’due south far worse than even choosing to trade at all.

3. Don’t blindly trade all touches of support and resistance. Continue to consider price action (e.g., candlestick types and formations), trend direction, momentum, and things of that nature that come with personal exposure to how markets of your interest behave and furthering your trading instruction to continually become better.

Only without further ado, I volition show y’all all of my threescore-second trades from Monday and I how I put all of the above into exercise. To avoid confusion, I will briefly describe each merchandise according to the number assigned to it in the below screenshots.

Trade History Using 1 Infinitesimal Expiry


#one: ane.32817 had been the high for the morning time and formed an area of resistance. On the beginning re-touch of one.32817 I took a put selection on the 1:54 candle. This trade won.

#two: Similar to the first merchandise I took a put option on the re-touch of 1.32817. This trade also won.

#three: A tertiary put options at 1.32817. This trade lost, as price went above my level and formed a new daily high.

#4: Price formed a newer low at 1.32715, retraced up to 1.32761, before coming back down. I took a call option on the re-affect of 1.32715 and this trade won.

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#5: Basically the same trade as the previous one. Price was holding pretty well at 1.32715 and so I took a subsequent call option and won this merchandise.

On the 2:26 candle, price made its motion support to the one.32761 resistance level. On a normal motion, I would accept a put pick at that place, just momentum was strong on the ii:26 candle (about six pips) so I avoided the trade.

#6: Several put options nearly set up on the 1.32761 level, simply none materialized at the level. So my next merchandise was yet another call selection down near where I had taken call options during my previous 2 trades. Still, since 1.32715 had been slightly breached before, I decided to instead take a phone call pick at 1.32710 instead. I felt this was a safer motion as just half-a-pip tin can be crucial in determining whether a 60-second trade is won or lost. This trade won.

#7: Put option back up at the one.32761 resistance level. This trade won.

#8: Call choice downwardly at i.32710 (where #half dozen was taken). This trade won. However, the infinitesimal after this merchandise expired in-the-money, the market broke below 1.32710 and formed a newer low at one.32655.

#9: This trade was a put option at 1.32710, using the concept that erstwhile support can plow into new resistance. Nevertheless, this merchandise did not win equally cost continued to climb dorsum into its previous trading range.

#10: I decided to take a put option at the touch of ane.32817, which was the level at which I took my showtime trades of the day. This trade might seem a bit puzzling at get-go given a new high for the solar day had been established and that momentum was up. But by simply watching the candle it seemed that price was apt to fall a fleck. It was too heading into an area of recent resistance so one time information technology hit 1.32817, I took the put option and the merchandise worked out.

#11: Another put option at 1.32817. This trade won.


#12: For this trade, the high of mean solar day initially made on the 2:xiii candle came into play – ane.32839. I had intended to take a put option at this level on the iii:22 candle, but price went through it quickly and airtight. And so for maybe x-15 seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry. So I’g glad I missed that trade, every bit information technology’s one that would have lost.

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I did end up using the one.32839 level on a telephone call selection, though, given that previous resistance can plough into new back up. This trade won.

#13: 1.32892 was now currently the high for the day and had formed a recent resistance level. I took a put option on the touch of the level. This merchandise won.

#fourteen: Similar to #12, I used 1.32839 equally support once once again, and it produced a winning merchandise.

#xv: In one case again, I used the current daily high of 1.32892 as a resistance level off which to take a put option. Merely price busted through and this merchandise lost.

#16: Some other fifteen minutes passed past before I was able to accept another merchandise set-up. This time, I used 1.32892 as a support level (old resistance turning into new support) to have a call pick. This merchandise was probably my favorite set-up of the day and was aided by the fact that the trend was upwards. Information technology turned out to be a winner.

#17: For put options at this bespeak, I had an heart toward 1.32983 (the new high for the twenty-four hour period), but cost consolidated twice at the 1.32971 level forming a line of resistance. And so I decided to take a put option at the touch of 1.32971 on the four:28 candle. This trade turned out to be a nice four-pip winner.

#18: My last merchandise of the 24-hour interval was a call option back down at one.32839, where I took the same fix-ups for #12 and #fourteen. This was another expert four-pip winner.

After that I was waiting for cost to come up and meet if i.32892 would act as resistance, but information technology never touched. Also, I was feeling a bit drawn past this signal and decided to telephone call it quits for the twenty-four hour period.

Conclusions On This Strategy

Overall, I did pretty well for my first day trading 60-second options, going xiv/18 ITM. Merely, in general, I accept faith in my strategy to predict future market management with a reasonable level of accuracy, and my power to apply information technology to whatever market or timeframe. I as well enjoyed toying around with the 1-minute options, as information technology was a new experience, and I would definitely consider adding more 60-second pick days into my regimen in the future.

Where Do I trade?

Fast withdrawals and decent payout %southward keep me happy at that place.

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Source: https://www.binaryoptions.net/my-1-minute-60-second-binary-options-strategy-1418-itm/

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