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Also, it is more difficult to be as accurate with these trades as the minute trades, due to the inherent level of noise on the 1-minute chart, in my opinion. Basic 60 Second Strategy My basic strategy toward second options goes as follows: 1.
Find support and resistance levels in the market 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. Trading academy trade set-ups on the first touch of the level. For those who are not familiar with the way I normally trade the minute expiries from the 5-minute chart, I normally look 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 price level and I will look to get in on the subsequent touch. Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy set-ups. To provide a baseball analogy, a hitter who normally maintains a batting average of. On the other hand, in that same span, he might hit.
Continue to consider price action e. But without options strategies for 60 seconds ado, I will show you all of my second trades from Monday and I how I put all of the above into practice.
To avoid confusion, I will briefly describe each trade according to the number assigned to it in the below screenshots. Trade History Using 1 Minute Expiry 1: 1. On the first re-touch of 1. This trade won.
Basic 60 Second Strategy
This trade also won. This trade lost, as price went above my level and formed a new daily high. I took a call option on the re-touch of 1.
Price was holding pretty well at 1. On the candle, price made its move back up to the 1. On a normal move, I would take a put option there, but momentum was strong on the candle nearly six pips so I avoided the trade. So my next trade was yet another call option down near where I had taken call options during my previous two trades.
However, since 1. I felt this was a safer move as just half-a-pip can be crucial in determining whether a second trade is won or lost. However, the minute after this trade expired in-the-money, the market broke below 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range. 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.
1-minute (second) Binary Options Strategy: 14 of 18 wins
It was also heading into an area of recent resistance so once it hit 1. I had intended to take a put option at this level on the candle, but price went through it quickly and closed.
And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry.
I did end up using the 1.
60 Second Strategies in Binary Options Trading
I took a put option on the touch of the level. But price busted through and this trade lost.
Remember that generally the riskier and faster paced an investment is, the more you need to understand the investment before getting involved.
This time, I used 1. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up. It turned out to be a winner. So I decided to take a put option at the options strategies for 60 seconds of 1. This trade turned out to be a nice four-pip winner. This was another good four-pip winner.
After that I was waiting for price to come up and see if 1. Also, I was feeling a bit fatigued by this point and decided to call it quits for the day. 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 any market 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 second option days into my regimen in the future.
Where Do I trade?
- One type of trade which is becoming more and more popular with traders the world over is something known as a 60 second trade.
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- My 60 Second Binary Options Strategy