How To Win Binary Options Every Time

On Mon, I broke from my normal routine of trading 15-minute expiries from the 5-minute chart in favor of “60-2d” binary options. For one, I simply felt like breaking things upwardly a fleck for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, as information technology’southward at present offered past many offshore brokers. Therefore, introducing some 60-2d trades into my blog can serve to lend some communication on how I would approach these.

Brokers with sixty Second Options

Normally, I practice non trade 1-infinitesimal options get-go and foremost considering the payout is relatively poor (seventy%). Also, information technology is more than hard to exist as authentic with these trades as the 15-infinitesimal trades, due to the inherent level of noise on the ane-minute chart, in my opinion.

In other words, when trading 60-2nd options from the 1-minute chart, you’re dealing with a very small corporeality of price data encapsulated in each candlestick, and one minute of price action is relatively inconsequential in the g scheme of things. That said, I believe that it’s fully possible to brand sound trading decisions regarding what may happen to the price movement in the next infinitesimal.

Basic lx Second Strategy

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

1. Find support and resistance levels in the marketplace where brusque-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 trade fix-ups on the get-go touch of the level. When y’all’re trading instruments that have a high level of racket inherent in the eventual merchandise outcome (like “sixty-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 style I ordinarily trade the 15-infinitesimal expiries from the 5-infinitesimal chart, I usually look for an initial turn down of a cost level I already accept marked off alee of time. If it does pass up the level, this helps to further validate the robustness of the toll level and I volition look to get in on the subsequent touch. Expectedly, this leads to a lower volume of trades taken in substitution for college accuracy set-ups.

60 Second Trades Lead To Higher Trade Volume

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

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To provide a baseball illustration, a hitter who commonly maintains a batting average of .300 (i.e., he makes it on base with a hit on iii out of every 10 at-bats) may get through a x-game stretch where he only bats .100. On the other hand, in that same span, he might hit .450. But over the course of a 100+-game season, it’south 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” type of concept.

As such, if you’re trading 60-second options and simply taking ane-2 trades in a 4+-hour session (i.e., being super bourgeois), information technology’s probable that you’re going to be waiting a very long time before your truthful skill level at this form of trading is revealed to your attending.

You may non even accept an constructive strategic approach to 1-infinitesimal options, and it would exist unfortunate if you went over a calendar month of trading this instrument before you begin to realize that that’s the case one time 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.

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

But without further ado, I will testify you all of my sixty-second trades from Mon and I how I put all of the above into practice. To avoid confusion, I volition briefly describe each trade 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 first re-touch of 1.32817 I took a put selection on the 1:54 candle. This merchandise won.

#ii: Similar to the first trade I took a put pick on the re-touch of ane.32817. This merchandise too won.

#3: A tertiary put options at 1.32817. This merchandise lost, as price went higher up my level and formed a new daily loftier.

#4: Cost formed a newer depression at 1.32715, retraced up to ane.32761, before coming back down. I took a call option on the re-touch of ane.32715 and this trade won.

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

On the 2:26 candle, price made its motility support to the 1.32761 resistance level. On a normal move, I would accept a put option there, merely momentum was potent on the 2:26 candle (nearly six pips) so I avoided the trade.

#6: Several put options almost set on the i.32761 level, merely none materialized at the level. And then my side by side trade was yet another call selection down near where I had taken phone call options during my previous two trades. However, since one.32715 had been slightly breached earlier, I decided to instead take a telephone call option at one.32710 instead. I felt this was a safer movement as just one-half-a-pip can exist crucial in determining whether a 60-2nd merchandise is won or lost. This merchandise won.

#7: Put selection back up at the 1.32761 resistance level. This trade won.

#8: Phone call option downward at 1.32710 (where #six was taken). This trade won. However, the infinitesimal afterward this merchandise expired in-the-money, the market place broke beneath 1.32710 and formed a newer depression at 1.32655.

#ix: This merchandise was a put pick at 1.32710, using the concept that onetime support tin can turn into new resistance. Withal, this trade did not win as price connected to climb back into its previous trading range.

#10: I decided to accept a put choice at the impact 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 solar day had been established and that momentum was upwardly. But by simply watching the candle it seemed that cost was apt to autumn a chip. It was also heading into an surface area of contempo resistance so once it hit i.32817, I took the put option and the trade worked out.

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

 

#12: For this trade, the high of day initially made on the ii:thirteen candle came into play – 1.32839. I had intended to take a put option at this level on the 3:22 candle, but price went through it quickly and closed. And then for maybe 10-15 seconds, my price feed was delayed and by the time information technology the connexion was recovered it was over a pip above my intended entry. So I’one thousand glad I missed that trade, equally information technology’s one that would take lost.

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

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

#xiv: Similar to #12, I used 1.32839 as support once over again, and it produced a winning merchandise.

#15: Once over again, I used the current daily high of 1.32892 as a resistance level off which to take a put option. Just price busted through and this trade lost.

#16: Another xv minutes passed by before I was able to take another trade fix-upward. This fourth dimension, I used 1.32892 equally a support level (old resistance turning into new support) to have a call pick. This trade was probably my favorite set-up of the twenty-four hours and was aided past the fact that the tendency was up. It turned out to be a winner.

#17: For put options at this point, I had an eye toward ane.32983 (the new high for the day), but price consolidated twice at the one.32971 level forming a line of resistance. So I decided to take a put pick at the bear on of 1.32971 on the 4:28 candle. This trade turned out to exist a squeamish four-pip winner.

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

After that I was waiting for toll to come and see if one.32892 would act equally resistance, but information technology never touched. Also, I was feeling a bit fatigued by this point and decided to call it quits for the 24-hour interval.

Conclusions On This Strategy

Overall, I did pretty well for my kickoff day trading 60-second options, going xiv/18 ITM. But, in general, I have organized religion in my strategy to predict futurity market place direction with a reasonable level of accurateness, and my ability to utilise it to whatever market or timeframe. I too enjoyed toying around with the 1-infinitesimal options, every bit it was a new experience, and I would definitely consider calculation more sixty-second choice days into my regimen in the future.

Where Do I trade?

Fast withdrawals and decent payout %s 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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