1 Minute Binary Option Trading

On Mon, I broke from my normal routine of trading 15-infinitesimal expiries from the 5-minute nautical chart in favor of “sixty-second” binary options. For one, I simply felt similar breaking things upwards a fleck for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, every bit it’due south now offered by many offshore brokers. Therefore, introducing some 60-second trades into my weblog tin serve to lend some advice on how I would arroyo these.

Brokers with 60 Second Options

Unremarkably, I do not trade 1-minute options offset and foremost because the payout is relatively poor (seventy%). Besides, it is more difficult to be as accurate with these trades as the 15-minute trades, due to the inherent level of noise on the ane-infinitesimal chart, in my stance.

In other words, when trading 60-second options from the 1-minute chart, yous’re dealing with a very small-scale amount of price data encapsulated in each candlestick, and one minute of cost action is relatively inconsequential in the grand scheme of things. That said, I believe that it’s fully possible to brand sound trading decisions regarding what may happen to the price move in the adjacent infinitesimal.

Bones 60 2nd Strategy

My bones strategy toward threescore-second options goes every bit follows:

1. Observe support and resistance levels in the market where short-term bounces can exist had. Pivots points and Fibonacci retracement levels tin be particularly useful, simply equally they are on other timeframes while trading longer-term instruments.

2. Have trade set-ups on the first bear on of the level. When you lot’re trading instruments that have a high level of dissonance inherent in the eventual trade issue (similar “lx-2d” options), I believe that taking a higher volume of trades tin actually play to your advantage.

For those who are not familiar with the way I normally merchandise the 15-minute expiries from the v-minute chart, I normally await for an initial reject of a price level I already have marked off ahead of time. If it does reject the level, this helps to further validate the robustness of the cost level and I will look to get in on the subsequent touch. Expectedly, this leads to a lower volume of trades taken in substitution for higher accuracy prepare-ups.

60 Second Trades Atomic number 82 To Higher Trade Volume

But since the inherent dissonance in each 60-second trade is so large to begin with, I believe trading in higher volume tin actually work to one’s benefit in that it helps to even out the accurateness fluctuations that come when trading such curt-term instruments.

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To provide a baseball analogy, a hitter who ordinarily maintains a batting average of .300 (i.eastward., he makes it on base with a hit on iii out of every x at-bats) may go through a ten-game stretch where he simply bats .100. On the other hand, in that same span, he might hit .450. But over the course of a 100+-game season, information technology’s expected that with enough at-bats, his true skill level with regard to hitting will be accurately revealed. Information technology’s a “regression to the mean” blazon of concept.

As such, if you’re trading sixty-second options and just taking i-2 trades in a 4+-60 minutes session (i.e., beingness super conservative), information technology’s likely that you’re going to exist waiting a very long time before your truthful skill level at this grade of trading is revealed to your attention.

You may not even accept an effective strategic arroyo to 1-minute options, and it would be unfortunate if you went over a month of trading this instrument before you begin to realize that that’s the example one time your profit bend (or ITM percentage) starts to accept its appropriate shape. That said, don’t overtrade by taking set up-ups that aren’t actually there. That’s far worse than even choosing to trade at all.

3. Don’t blindly trade all touches of support and resistance. Go along to consider price action (e.one thousand., candlestick types and formations), trend direction, momentum, and things of that nature that come with personal exposure to how markets of your interest bear and furthering your trading education to continually get ameliorate.

But without further ado, I will show you all of my 60-second trades from Monday and I how I put all of the above into practice. To avoid defoliation, I will briefly describe each trade co-ordinate to the number assigned to it in the beneath screenshots.

Trade History Using 1 Minute Expiry

 

#ane: 1.32817 had been the high for the morning and formed an surface area of resistance. On the first re-touch of ane.32817 I took a put option on the 1:54 candle. This trade won.

#2: Similar to the first trade I took a put choice on the re-touch of 1.32817. This trade besides won.

#iii: A tertiary put options at ane.32817. This trade lost, as cost went in a higher place my level and formed a new daily high.

#4: Price formed a newer depression at 1.32715, retraced up to 1.32761, before coming back downward. I took a telephone call option on the re-impact of i.32715 and this trade won.

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#5: Basically the same merchandise as the previous one. Price was holding pretty well at one.32715 then I took a subsequent telephone call option and won this trade.

On the ii:26 candle, price made its move back up to the 1.32761 resistance level. On a normal move, I would take a put choice there, but momentum was strong on the 2:26 candle (nearly half dozen pips) so I avoided the merchandise.

#6: Several put options almost ready upward on the ane.32761 level, only none materialized at the level. And so my next trade was withal another call option downwardly most where I had taken call options during my previous two trades. Yet, since i.32715 had been slightly breached earlier, I decided to instead have a call pick at 1.32710 instead. I felt this was a safer move every bit just one-half-a-pip tin can be crucial in determining whether a lx-second trade is won or lost. This merchandise won.

#7: Put option back upward at the 1.32761 resistance level. This trade won.

#8: Call option down at 1.32710 (where #6 was taken). This merchandise won. However, the minute after this trade expired in-the-money, the market place broke below ane.32710 and formed a newer depression at 1.32655.

#9: This merchandise was a put selection at 1.32710, using the concept that one-time back up can plow into new resistance. Notwithstanding, this trade did not win as price continued to climb back into its previous trading range.

#10: I decided to accept a put choice at the bear on of 1.32817, which was the level at which I took my outset trades of the day. This trade might seem a bit puzzling at commencement given a new high for the day had been established and that momentum was upward. Only by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of contempo resistance so once it hitting 1.32817, I took the put option and the trade worked out.

#11: Some other put selection at 1.32817. This trade won.

 

#12: For this trade, the high of day initially made on the ii:13 candle came into play – 1.32839. I had intended to take a put pick at this level on the iii:22 candle, only price went through information technology rapidly and closed. And so for mayhap 10-xv seconds, my price feed was delayed and past the time information technology the connection was recovered information technology was over a pip above my intended entry. And so I’m glad I missed that trade, every bit it’s one that would accept lost.

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I did stop up using the one.32839 level on a call option, though, given that previous resistance can plough into new support. This merchandise won.

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

#14: Similar to #12, I used 1.32839 every bit support over again, and it produced a winning trade.

#15: Once over again, I used the electric current daily high of 1.32892 equally a resistance level off which to accept a put pick. But price busted through and this trade lost.

#16: Another fifteen minutes passed by before I was able to accept some other trade ready-up. This fourth dimension, I used 1.32892 equally a support level (erstwhile resistance turning into new support) to have a call option. This trade was probably my favorite prepare-up of the day and was aided by the fact that the trend was up. Information technology turned out to be a winner.

#17: For put options at this point, I had an heart toward one.32983 (the new high for the twenty-four hour period), only price consolidated twice at the i.32971 level forming a line of resistance. So I decided to have a put selection at the bear on of i.32971 on the iv:28 candle. This trade turned out to exist a nice four-pip winner.

#18: My final trade of the twenty-four hour period was a call selection back downwardly at ane.32839, where I took the aforementioned ready-ups for #12 and #xiv. This was another good four-pip winner.

After that I was waiting for price to come up and see if 1.32892 would act as resistance, merely it never touched. Also, I was feeling a bit fatigued by this signal and decided to call information technology quits for the day.

Conclusions On This Strategy

Overall, I did pretty well for my first solar day trading 60-second options, going 14/18 ITM. Merely, in general, I have faith in my strategy to predict hereafter market place direction with a reasonable level of accuracy, and my ability to utilize information technology to any market or timeframe. I also enjoyed toying effectually with the 1-minute options, equally it was a new experience, and I would definitely consider adding more than lx-second option days into my regimen in the time to come.

Where Do I trade?

Fast withdrawals and decent payout %due south keep me happy in that location.

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

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