60 Seconds Binary Options Strategy Forum

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

Brokers with 60 2nd Options

Normally, I practice not merchandise i-infinitesimal options first and foremost because the payout is relatively poor (70%). Besides, it is more hard to be as accurate with these trades equally the 15-minute trades, due to the inherent level of racket on the 1-minute nautical chart, in my stance.

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

Basic lx Second Strategy

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

one. Detect support and resistance levels in the market place where short-term bounces tin can exist had. Pivots points and Fibonacci retracement levels can be particularly useful, just as they are on other timeframes while trading longer-term instruments.

ii. Take trade set-ups on the first touch of the level. When you lot’re trading instruments that have a loftier level of noise inherent in the eventual trade outcome (like “sixty-second” options), I believe that taking a college volume of trades can actually play to your reward.

For those who are not familiar with the way I normally trade the 15-minute expiries from the v-minute nautical chart, I normally look for an initial pass up of a price level I already have marked off alee of time. If it does reject the level, this helps to further validate the robustness of the price level and I will look to become in on the subsequent touch. Expectedly, this leads to a lower book of trades taken in commutation for higher accuracy ready-ups.

60 Second Trades Lead To Higher Trade Volume

But since the inherent noise in each 60-2nd trade is so large to brainstorm with, I believe trading in college volume can actually piece of work to one’s do good in that it helps to fifty-fifty out the accurateness fluctuations that come when trading such short-term instruments.

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

As such, if you’re trading lx-second options and only taking 1-2 trades in a four+-hour session (i.e., beingness super conservative), information technology’s likely that y’all’re going to be waiting a very long time before your truthful skill level at this form of trading is revealed to your attention.

You lot may non even have an effective strategic approach to 1-minute options, and information technology would be unfortunate if y’all went over a month of trading this instrument before you begin to realize that that’south the case once your profit curve (or ITM percentage) starts to take its advisable shape. That said, don’t overtrade by taking set-ups that aren’t actually at that place. That’due south far worse than even choosing to trade at all.

three. Don’t blindly trade all touches of support and resistance. Proceed to consider price activity (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 deport and furthering your trading education to continually become ameliorate.

But without further ado, I volition show yous all of my 60-second trades from Monday and I how I put all of the in a higher place into practice. To avoid confusion, I will briefly describe each merchandise according to the number assigned to information technology in the below screenshots.

Trade History Using 1 Minute Expiry

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

#2: Similar to the first trade I took a put option on the re-touch of i.32817. This trade also won.

#3: A third put options at i.32817. This merchandise lost, every bit price went above my level and formed a new daily high.

#4: Price formed a newer low at 1.32715, retraced up to i.32761, before coming back downwardly. I took a call choice on the re-touch of 1.32715 and this merchandise won.

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

On the 2:26 candle, price fabricated its move back up to the 1.32761 resistance level. On a normal move, I would have a put option there, only momentum was strong on the 2:26 candle (most 6 pips) so I avoided the trade.

#6: Several put options almost set upward on the 1.32761 level, but none materialized at the level. So my adjacent merchandise was yet another call option down near where I had taken call options during my previous two trades. Notwithstanding, since 1.32715 had been slightly breached before, I decided to instead take a call option at 1.32710 instead. I felt this was a safer move equally just half-a-pip can be crucial in determining whether a 60-second merchandise is won or lost. This trade won.

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

#8: Call choice downwardly at one.32710 (where #6 was taken). This merchandise won. Still, the minute afterwards this trade expired in-the-money, the market broke below i.32710 and formed a newer low at 1.32655.

#ix: This trade was a put selection at 1.32710, using the concept that quondam back up tin can plough into new resistance. Nevertheless, this trade did not win every bit price continued to climb back into its previous trading range.

#10: I decided to take a put choice at the touch of 1.32817, which was the level at which I took my first trades of the day. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward. But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an surface area of contempo resistance so in one case it hit 1.32817, I took the put option and the trade 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 3:22 candle, but price went through it speedily and closed. And then for maybe 10-15 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’grand glad I missed that trade, as it’south ane that would have lost.

I did finish upwards using the 1.32839 level on a 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 mean solar day and had formed a recent resistance level. I took a put selection on the affect of the level. This trade won.

#14: Like to #12, I used one.32839 equally support once more, and information technology produced a winning trade.

#15: Once again, I used the current daily loftier of ane.32892 as a resistance level off which to accept a put option. Simply price busted through and this trade lost.

#16: Some other fifteen minutes passed by before I was able to have another trade set-up. This fourth dimension, I used ane.32892 equally a support level (former resistance turning into new support) to take a telephone call choice. This trade was probably my favorite set-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 bespeak, I had an eye toward 1.32983 (the new loftier for the day), but price consolidated twice at the 1.32971 level forming a line of resistance. And then I decided to take a put choice at the affect of 1.32971 on the 4:28 candle. This trade turned out to be a nice 4-pip winner.

#18: My final trade of the twenty-four hour period was a phone call selection back down at 1.32839, where I took the same set-ups for #12 and #xiv. This was another good four-pip winner.

After that I was waiting for price to come up up and see if ane.32892 would act equally resistance, just information technology never touched. Too, I was feeling a bit drawn by this point and decided to call information technology quits for the day.

Conclusions On This Strategy

Overall, I did pretty well for my first day trading lx-second options, going xiv/18 ITM. But, in general, I have religion in my strategy to predict future market direction with a reasonable level of accurateness, and my ability to apply it to any market or timeframe. I also enjoyed toying effectually with the 1-minute options, equally it was a new feel, and I would definitely consider calculation more 60-2nd option 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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