Most Accurate Binary Options Strategy

On Mon, 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 just felt similar breaking things upward a bit for my own enjoyment. And two, I know that many traders are into this fast-paced alternative, equally it’s at present offered by many offshore brokers. Therefore, introducing some lx-second trades into my blog can serve to lend some advice on how I would approach these.

Brokers with sixty 2nd Options

Normally, I do not trade 1-minute options offset and foremost because the payout is relatively poor (70%). Also, it is more difficult to be as authentic with these trades as the 15-minute trades, due to the inherent level of racket on the 1-minute chart, in my opinion.

In other words, when trading lx-second options from the ane-minute chart, you’re dealing with a very small amount of price data encapsulated in each candlestick, and one minute of price action is relatively inconsequential in the m scheme of things. That said, I believe that it’s fully possible to make sound trading decisions regarding what may happen to the price movement in the adjacent minute.

Basic 60 2nd Strategy

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

one. Notice support and resistance levels in the market where brusk-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.

2. Take merchandise set-ups on the first impact of the level. When you’re trading instruments that accept a high level of noise inherent in the eventual trade outcome (like “lx-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 fashion I normally trade the xv-minute expiries from the 5-minute chart, I commonly expect for an initial reject of a cost level I already have marked off ahead of time. If it does reject the level, this helps to further validate the robustness of the price level and I will look to make it on the subsequent touch. Expectedly, this leads to a lower volume of trades taken in commutation for college accuracy fix-ups.

60 Second Trades Lead To College Trade Volume

Only since the inherent dissonance in each sixty-second merchandise is so large to begin with, I believe trading in higher volume can actually piece of work to one’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 illustration, a hitter who commonly maintains a batting average of .300 (i.e., he makes it on base with a hit on three out of every ten at-bats) may go through a 10-game stretch where he merely bats .100. On the other manus, in that same span, he might hit .450. But over the form of a 100+-game flavour, it’s expected that with plenty at-bats, his truthful skill level with regard to hitting will exist accurately revealed. It’s a “regression to the hateful” type of concept.

As such, if yous’re trading 60-2d options and only taking 1-2 trades in a four+-hour session (i.due east., beingness super conservative), it’s likely that you’re going to be waiting a very long fourth dimension before your true skill level at this form of trading is revealed to your attention.

Y’all may not even accept an effective strategic approach to 1-minute options, and it would be unfortunate if yous went over a month of trading this instrument before yous brainstorm to realize that that’south the example once your profit curve (or ITM percentage) starts to take its appropriate shape. That said, don’t overtrade by taking set up-ups that aren’t really at that place. That’due south far worse than fifty-fifty choosing to merchandise at all.

3. Don’t blindly trade all touches of support and resistance. Keep to consider toll action (eastward.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 deport and furthering your trading instruction to continually go ameliorate.

But without farther ado, I will evidence you all of my threescore-2nd trades from Monday 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 beneath 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 option on the ane:54 candle. This trade won.

#2: Like to the outset merchandise I took a put option on the re-impact of one.32817. This trade too won.

#3: A third put options at 1.32817. This trade lost, as price went in a higher place my level and formed a new daily loftier.

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

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

On the 2:26 candle, toll made its motility dorsum upward to the one.32761 resistance level. On a normal movement, I would take a put pick at that place, just momentum was stiff on the two:26 candle (nearly six pips) so I avoided the trade.

#6: Several put options virtually set on the 1.32761 level, but none materialized at the level. So my next trade was nonetheless another telephone call selection down near where I had taken phone call options during my previous 2 trades. However, since 1.32715 had been slightly breached earlier, I decided to instead take a call choice at ane.32710 instead. I felt this was a safer motility equally just one-half-a-pip can be crucial in determining whether a 60-2nd trade is won or lost. This merchandise won.

#seven: Put pick back up at the ane.32761 resistance level. This trade won.

#8: Call pick down at 1.32710 (where #half dozen was taken). This trade won. However, the minute afterwards this trade expired in-the-coin, the marketplace broke below one.32710 and formed a newer low at i.32655.

#9: This merchandise was a put pick at 1.32710, using the concept that old support tin can turn into new resistance. All the same, this trade did non win as toll continued to climb back into its previous trading range.

#10: I decided to take a put option at the impact of one.32817, which was the level at which I took my kickoff trades of the twenty-four hours. This trade might seem a bit puzzling at beginning given a new high for the day had been established and that momentum was up. But by simply watching the candle information technology seemed that price was apt to autumn a bit. It was as well heading into an area of recent resistance so once it hitting 1.32817, I took the put choice and the trade worked out.

#xi: Some other put option at 1.32817. This trade won.

#12: For this trade, the high of 24-hour interval initially made on the 2:13 candle came into play – one.32839. I had intended to accept a put option at this level on the three:22 candle, but toll went through it apace and closed. And then for mayhap ten-fifteen 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’m glad I missed that trade, as it’s i that would take lost.

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I did end up using the 1.32839 level on a call choice, though, given that previous resistance can plow into new support. This trade won.

#13: one.32892 was now currently the loftier for the day and had formed a recent resistance level. I took a put option on the touch on of the level. This trade won.

#fourteen: Similar to #12, I used one.32839 as support once again, and it produced a winning trade.

#15: Once again, I used the current daily high of 1.32892 as a resistance level off which to take a put choice. But toll disrepair through and this trade lost.

#16: Some other fifteen minutes passed by earlier I was able to take some other trade prepare-up. This time, I used i.32892 as a support level (old resistance turning into new support) to have a call option. This trade was probably my favorite ready-up of the twenty-four hour period and was aided past the fact that the trend was upwards. It turned out to exist a winner.

#17: For put options at this betoken, I had an eye toward 1.32983 (the new loftier for the day), but toll consolidated twice at the 1.32971 level forming a line of resistance. So I decided to take a put option at the touch of ane.32971 on the 4:28 candle. This merchandise turned out to be a nice 4-pip winner.

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

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

Conclusions On This Strategy

Overall, I did pretty well for my beginning mean solar day trading 60-second options, going 14/eighteen ITM. But, 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 whatsoever market or timeframe. I likewise enjoyed toying effectually with the 1-minute options, equally it was a new experience, and I would definitely consider adding more sixty-second pick days into my regimen in the future.

Where Do I merchandise?

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

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

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