For options, I simply felt like breaking things up a bit for my own enjoyment. Therefore, introducing some 60-second trades into my blog can serve to lend some advice on how I would approach these. Also, it is more difficult to be as accurate with these trades as the 15-minute trades, due to the inherent level of noise on the 1-minute chart, in my opinion. Pivots points and Fibonacci retracement levels can be particularly useful, just as they are on other timeframes while trading longer-term instruments Take trade set-ups on the first touch of the level.
For those who are familiar with the way I normally trade the 15-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 i.
Continue to consider price action e. But without further ado, I will show you all of my minute 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.
On the first re-touch of I took a put option on the candle. I took a call option on the re-touch of and this trade won. Price was holding pretty well at so I took a subsequent call option and won this trade. On the candle, price made options move back up to the resistance level. 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 had been slightly breached before, I decided to instead take a call option at instead. I felt this was a safer move as just half-a-pip can be crucial in determining whether a 60-second trade is won or lost.
However, the minute after this trade expired in-the-money, the market broke below and formed a newer low at 9: This trade was a put option atusing the concept that old support can turn into new resistance. 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. It was also heading into an area of recent resistance so once it hitI took the put option and the trade worked out. And options for maybe seconds, my price feed was delayed and by the time it the connection was recovered it binary over a pip above my intended entry.
I did end up using the level on a call option, though, given that previous resistance can turn into new support. I took a put option on the touch of the level. But price busted through and this trade lost. This time, I used as a support minute old resistance turning into new support to take a call option. 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 touch of on the candle. 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 would act as resistance, but binary never touched. Also, I was feeling a bit fatigued by this point and decided to call binary quits for the day. Overall, I did pretty well for my first day trading 60-second options, going ITM.
But, in general, I have faith strategy 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 60-second option days into my regimen in the future. Where Do I trade? I trade all my 60 seconds options at Traderush.
Brokers are filtered based on your location Russian Federation. My basic strategy toward 60-second options goes as follows Find support and resistance levels in the market where short-term bounces can be had. To avoid confusion, I will briefly describe each trade according to the number assigned to it in the below screenshots had been the high for the morning and formed an area of resistance. I also enjoyed toying around with the 1-minute options, as it was strategy new experience, and I would definitely consider adding more 60-second option days into my regimen in the future Where Do I trade?
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