1 Minute Binary Options Strategies

On Monday, I broke from my normal routine of trading 15-minute expiries from the 5-minute chart in favor of “60-second” binary options. For one, I simply felt like breaking things up a chip for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, equally it’southward now offered by many offshore brokers. Therefore, introducing some 60-second trades into my weblog tin can serve to lend some advice on how I would approach these.

Brokers with threescore 2d Options

Commonly, I do not trade 1-minute options first and foremost because the payout is relatively poor (70%). As well, it is more difficult to exist as accurate with these trades every bit the fifteen-minute trades, due to the inherent level of dissonance on the 1-infinitesimal chart, in my stance.

In other words, when trading lx-second options from the 1-minute nautical chart, you’re dealing with a very small amount of price information encapsulated in each candlestick, and ane minute of toll action is relatively inconsequential in the grand scheme of things. That said, I believe that it’south fully possible to brand sound trading decisions regarding what may happen to the toll move in the adjacent minute.

Bones sixty 2nd Strategy

My basic strategy toward lx-second options goes equally follows:

ane. Find support and resistance levels in the marketplace where short-term bounces can be had. Pivots points and Fibonacci retracement levels can be particularly useful, just as they are on other timeframes while trading longer-term instruments.

two. Take merchandise set-ups on the first touch of the level. When you’re trading instruments that take a high level of noise inherent in the eventual trade consequence (like “60-2nd” 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 unremarkably trade the 15-minute expiries from the five-minute chart, I usually wait for an initial reject of a toll level I already have marked off alee of time. If it does reject the level, this helps to further validate the robustness of the cost level and I will expect to go far on the subsequent touch on. Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy ready-ups.

60 2nd Trades Lead To Higher Trade Volume

Merely since the inherent racket in each lx-second trade is and so large to begin with, I believe trading in higher book can actually work to one’s benefit in that information technology helps to even out the accurateness fluctuations that come when trading such short-term instruments.

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

Every bit such, if you’re trading lx-2d options and but taking ane-2 trades in a 4+-hour session (i.e., being super conservative), information technology’due south likely that yous’re going to be waiting a very long time earlier your true skill level at this form of trading is revealed to your attention.

You may not even accept an constructive strategic approach to 1-minute options, and it would exist unfortunate if yous went over a month of trading this instrument before y’all begin to realize that that’due south the case once your profit bend (or ITM percentage) starts to take its appropriate shape. That said, don’t overtrade by taking set-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. Continue to consider price action (e.one thousand., candlestick types and formations), trend direction, momentum, and things of that nature that come up with personal exposure to how markets of your interest behave and furthering your trading pedagogy to continually become better.

Merely without further ado, I volition show you all of my 60-second trades from Monday and I how I put all of the above into do. To avoid confusion, I volition briefly depict each trade co-ordinate to the number assigned to information technology in the beneath screenshots.

Merchandise History Using ane Minute Decease

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

#ii: Like to the first trade I took a put option on the re-bear upon of 1.32817. This trade too won.

#3: A tertiary put options at one.32817. This trade lost, as price went above my level and formed a new daily loftier.

#iv: Cost formed a newer low at 1.32715, retraced up to 1.32761, before coming back downwardly. I took a telephone call option on the re-touch of 1.32715 and this merchandise won.

#5: Basically the aforementioned trade as the previous 1. Price was holding pretty well at i.32715 so I took a subsequent phone call option and won this trade.

On the 2:26 candle, price made its move dorsum upward to the 1.32761 resistance level. On a normal move, I would accept a put option at that place, but momentum was strong on the 2:26 candle (near six pips) then I avoided the trade.

#6: Several put options about prepare on the one.32761 level, but none materialized at the level. So my next merchandise was yet another call option down near where I had taken phone call options during my previous two trades. Withal, since ane.32715 had been slightly breached before, I decided to instead have a phone call pick at 1.32710 instead. I felt this was a safer movement as simply half-a-pip can exist crucial in determining whether a 60-second merchandise is won or lost. This trade won.

#vii: Put option back upwards at the 1.32761 resistance level. This trade won.

#8: Phone call option down at i.32710 (where #six was taken). This trade won. Still, the minute subsequently this trade expired in-the-money, the marketplace broke below 1.32710 and formed a newer low at 1.32655.

#ix: This merchandise was a put choice at 1.32710, using the concept that old support can turn into new resistance. Nevertheless, this merchandise did not win as toll continued to climb back into its previous trading range.

#10: I decided to accept a put pick at the touch of 1.32817, which was the level at which I took my beginning trades of the day. This trade might seem a scrap puzzling at first given a new high for the twenty-four hours had been established and that momentum was upwardly. But past simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an expanse of contempo resistance so once it hitting 1.32817, I took the put option and the trade worked out.

#11: Another put pick at 1.32817. This merchandise won.

#12: For this trade, the high of day initially made on the two:13 candle came into play – one.32839. I had intended to have a put option at this level on the 3:22 candle, merely price went through it quickly and closed. And so for maybe 10-15 seconds, my toll feed was delayed and by the time it the connectedness was recovered it was over a pip above my intended entry. So I’m glad I missed that trade, as information technology’south one that would have lost.

I did end up using the i.32839 level on a phone call option, though, given that previous resistance can turn into new support. 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 impact of the level. This trade won.

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

#15: One time over again, I used the electric current daily high of 1.32892 every bit a resistance level off which to take a put choice. But price busted through and this trade lost.

#16: Another fifteen minutes passed by before I was able to take another trade set-up. This time, I used 1.32892 equally a back up level (former resistance turning into new support) to take a call option. This trade was probably my favorite set-upwardly of the solar day and was aided by the fact that the trend was up. It turned out to be a winner.

#17: For put options at this point, I had an eye toward i.32983 (the new high for the day), but price consolidated twice at the 1.32971 level forming a line of resistance. So I decided to take a put option at the touch of 1.32971 on the 4:28 candle. This trade turned out to exist a nice four-pip winner.

#18: My final trade of the day was a call option back down at 1.32839, where I took the same set-ups for #12 and #14. This was another good four-pip winner.

Afterwards that I was waiting for toll to come up and run across if one.32892 would human action as resistance, only information technology never touched. Also, I was feeling a bit fatigued by this indicate and decided to phone call information technology quits for the day.

Conclusions On This Strategy

Overall, I did pretty well for my first 24-hour interval trading threescore-2nd options, going 14/18 ITM. Just, in general, I have faith in my strategy to predict future market direction with a reasonable level of accuracy, and my ability to apply it to whatever market place or timeframe. I also enjoyed toying around with the 1-minute options, as it was a new experience, and I would definitely consider adding more lx-second choice days into my regimen in the future.

Where Do I trade?

Fast withdrawals and decent payout %s keep me happy there.

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