In a word Mr Pape, wrong! Just because you cannot successfully trade with an ultra short time horizon does not mean that others can’t. The following provides a few pointers binary option 60 second trading strategies to how short-term binary options trading can be developed.
Just remember, the scalpers did not obtain their nose for sniffing out ultra short-term movements overnight. Here are a few strategies you can use to trade it. We surmise that the price of assets possess a tendency to advance in a sequence of waves with each wave possessing a top and a bottom. These constraints are assessed to be major reversal levels which can be readily identified by key support and resistance levels.
A favorite 60 seconds strategy is to identify those times when an asset price clearly rebounds from these resistance and support levels. USD 60 seconds trading chart presents good examples about when to execute both CALL and PUT binary options. Essentially, whenever price rebounds against resistance, you should activate a PUT option. Similarly, if price bounces higher after striking support, then you should open a CALL binary option.
The first step in instigating such a strategy would be to detect a currency pair that has been range-trading for some time and then identify the resistance and support levels by either using a broker’s information or simply connecting the highest points for resistances and the lowest values for supports, as shown on the chart below. Execute some price testing of these levels then wait until the present candlestick confirms a true bounce by cleanly closing below resistance or above support. This action will provide you with some protection against false signals. USD as its underlying asset with the 1 minute expiry time if price bounds against resistance, as displayed on the chart above. 75 for both the PUT options shown above. 937 for the four trades displayed above within 5 hours if you had reinvested your returns in each case.
Another of the 60 second strategies that has gained in popularity recently is based on tracking trends. CHF currency pair clearly displays a strong bearish trend. As you can confirm from studying this diagram, four opportunities for opening PUT options arose after price rebounded lower against the upper trendline. To instigate a trending strategy, you must first locate an asset that has been trading either a bullish or bearish trend for some time.
You then need to draw the trendlines by connecting the series of lower highs for the upper trendline and the lower lows for the lower trendline in the case of a bearish channel, as illustrated on the above chart. Once you observe price testing the upper trendline, then you should pause until the current candlestick completely forms so that you can verify that it closes beneath this level. CHF as its underlying asset with the 1 minute expiry time. Another favorite of the 60 second strategies is trading breakouts since they are easy to detect and can generate impressive returns. The key idea of this method is that, if the price of an asset has been oscillating for some extensive time within a restricted range, then when it does attain enough momentum to breakout it frequently travels in its chosen direction for some considerable time. Your initial step in implementing this technique is to identify an asset pair that has been fluctuating within a confined range for an extensive time period. Very often, price will bounce against its floor and ceiling numerous times before finally breaking free, as illustrated again on the above figure.
As the diagram above shows, the asset price does attain a clear breakout beneath its support or floor. You are now recommended to wait until the current 60 seconds candlestick is fully formed so that you can confirm that its closing value is undeniably below the bottom level of the previous trading range. This verification will provide you with some protection against a false signal. USD with a 60 seconds expiry period. After the one minute expiry time elapses, the AUDUSD stands at 1.
Summary As with all forms of trading, traders develop their own style which leads to some traders excelling at directional futures trading while others find FX or, say, gold trading more lucrative. Within the option trading fraternity some traders will prefer a particular instrument while others will adopt a more broader range of instruments. Developed by Think Up Themes Ltd. We have found this to be a simple but effective 60-second binary options strategy. This simple strategy can help you to become a more profitable and successful trader of these contracts.
In our experience this has shown itself to be the best way to trade 60-second binary options. This concept should be one part of your overall 60-second binary options trading strategy. You should use this strategy exclusively, without incorporating it into a broader strategy. Instead you should incorporate this strategy into all your overall 60-second trading strategy.