A Simple 15 Minute Binary Option Candlestick Trading Strategy

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By far in binary options tradingcandlestick formations are regarded as the most effective ways to carry out the technical analysis.

To give you an insight into the swings of price action in the market, these candlesticks are used by the experts. It actually represents the instincts related to the price action of a particular trading entity and how it can affect the overall pricing. Its use helps one to determine the current strength and direction of the trend enabling him to frame his strategy accordingly. The price action, thus measured, is shown in the numerous candlestick patterns while not altering its basic format.

If you are a novice, then it may be quite difficult for you to get the useful information as you will have no idea what data has to be used. For that, you have to know very well what candlesticks are and how can you use its functionality to the optimum.

Candlestick is an effective unit to see the various changes that the price of a certain trading entity undergoes during a specific period. In a close rectangular-shaped box, the price action is represented. The pattern is comprised of opening, highs and lows, which is ultimately followed by closing. You should also consider the backdrop colour of the box. An empty and white-coloured box stands for a bullish session which means that the trade is closed with a price higher than the opening price.

On the other hand, a bearish session is represented by a black-coloured box and short horizontal lines. A session is said to be bearish when the closing price is almost same as that of the opening price. Normally, the Three Black Crows Pattern in an uptrend signals the bearish reversal of the trend.

And, in a downtrend, it signals the continuation of the trend in the same direction. In this way, the traders are able to identify …. More about this trading strategy. Undoubtedly, these patterns play an indomitable role in revealing myth and riskiness associated with the market of Forex trading. As such, the novice traders gain self-confidence to go on trading on the entities they like.

After all, the clarity and the accuracy level that these formations have given to the enthusiasts are far beyond comparison. Your email address will not be published. How to use our strategies from Best-Binary-Options-Strategy. In this way, the traders are able to identify … More about this trading strategy.

Sir will u teach me candlestick analysis using binary options without indicators. Leave a Reply Cancel reply Your email address will not be published. Support and Resistance Strategy. The strategy, that works?? Strategy categories 15 minute strategies 2 minute strategies 30 minute strategies 5 minute strategies 60 second strategies All Binary Options Strategies Hour strategies News Other strategies Technical Analysis Strategy.

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For one, I simply felt like breaking things up a bit for my own enjoyment. Therefore, introducing some 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 minute trades, due to the inherent level of noise on the 1-minute chart, in my opinion. 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.

Take 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 further 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.

On the first re-touch of 1. Similar to the first trade I took a put option on the re-touch of 1. This trade also won. A third put options at 1. This trade lost, as price went above my level and formed a new daily high.

Price formed a newer low at 1. I took a call option on the re-touch of 1. Basically the same trade as the previous one. Price was holding pretty well at 1. On a normal move, I would take a put option there, but momentum was strong on the 2: Several put options almost set up on the 1. So my next trade was yet another call option down near where I had taken call options during my previous two trades.

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. Call option down at 1. However, the minute after this trade expired in-the-money, the market broke below 1.

This trade was a put option at 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range. I decided to take a put option at the touch of 1. 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 hit 1. For this trade, the high of day initially made on the 2: I had intended to take a put option at this level on the 3: 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. I took a put option on the touch of the level. Once again, I used the current daily high of 1. But price busted through and this trade lost.

Another fifteen minutes passed by before I was able to take another trade set-up. 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. For put options at this point, I had an eye toward 1.

So I decided to take a put option at the touch of 1. This trade turned out to be a nice four-pip winner. My final trade of the day was a call option back down at 1. 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. Basic 60 Second Strategy My basic strategy toward second options goes as follows: Trade History Using 1 Minute Expiry 1: Put option back up at the 1.

Another put option at 1. Similar to 12, I used 1. Where Do I trade?