A Simple 15 Minute Binary Option Candlestick Trading 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 15 minute binary options strategy pdf 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 15 minute binary options strategy pdf formed a new daily high. Price formed a newer low at 1. I took a call 15 minute binary options strategy pdf 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 15 minute binary options strategy pdf 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 15 minute binary options strategy pdf 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 15 minute binary options strategy pdf accuracy, and my ability 15 minute binary options strategy pdf 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?

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No questions on my side, just congratulations on your first video for Binaryoptions. Your contributions will be to the benefit of all Newbies. Okane, could you do me a favour please. Would you have taken the trade, yes or no? I think no because the price was going down but I'm keen to hear your opinion.

Hi,I know there is no such thing as a stupid question here, but where do do you find the sma I see moving average Even the simplest of strategies perplexes me Hey Okane, Thanks for the Strategy, Can this setup be made on freestockcharts. Another question, based on this strategy, does the criteria often happen more than times a day - as an example-? Thu Apr 5 Tokyo: March edited March in Binary Options Strategy.

This strategy is very newbie friendly because it only uses 2 simple but powerful indicators that are easy to understand! It is a good start for beginners who want a strategy to comprehend and evolve with.

Set your time frame to M We use SMA 50 for identification of the trend: Candlesticks should be above the SMA 50 for the trend to be considered an uptrend. Candlesticks should be below the SMA 50 for the trend to be considered a downtrend. Add Stochastic Oscillator, standard settings 5, 3, 3 and levels 80 and Price is oversold when Stochastic is near or at Price is overbought when Stochastic is near or at Look for locations where candlesticks come down and touch the SMA 50 and confirm that Stochastic is oversold at the same time on the M15 time frame.

Look for locations where candlesticks come up and touch the SMA 50 and confirm that Stochastic is overbought at the same time on the M15 time frame. Also let me know how it works for you! Don't forget to watch the video. Thanks Okane for a nice simple strategy. I particularly like it because it's an easy one to set alerts for I use TOS so as not to miss a potential set-up. Yes, simplicity can be profitable!

I see too many beginners overwhelming themselves with loads of indicators I dont think your video is working. It keeps saying an error occurred. The embed option wasn't working - I had to click on "watch on YouTube" to view it. It's now been changed to a simple link so if you click on that it works.

My first trade with this strategy and I thought I'd post a screenshot even though it was a well-deserved loser - I knew I shouldn't have taken it but this was my first alert for the strategy and I thought I'd risk it. However, it continued downwards for the 30 mins of my trade and lost.

I'm quite pleased in a way because in future I'll stick to the rules - winning may have given me a false sense of security! The white lines are where I entered the trade and where it closed. I don't know how well this strategy works with assets other than currency pairs.

Maybe it'll work on other assets too but you have to test and find out. Today might have been difficult due to all the news coming out for USD. Have to take fundamentals into consideration too. Just to clarify - you wouldn't have taken that trade even on one of your preferred currency pairs if the chart looked the same as the one above - correct? I'm testing the strategy on a mixture of 30 currency pairs and assets because one could go for days without a trade on just the pairs you mention.

Well, I only know that the strategy should work on currency pairs, because I have seen it work. Wow, I advise against overwhelming yourself with too many pairs. I usually focus on one asset only because it helps me learning and recognizing its patterns and habits.

Thanks very much for confirming what I thought. Perhaps the strategy isn't suitable for stocks but having set the alerts I can keep an eye on them without any trouble and obviously in future will only take trades that strictly adhere to your guidelines. I'll keep on posting screenshots of any trades I take and am looking forward to any further beginner strategies you care to share with us.

Thanks for your valuable education and that of all the other contributors to this site. And on another note, thanks to the ebook download provided by Cory Mitchell another contributor here , I am currently reading "Reminiscences of a Stock Operator" with as much excitement and enthusiasm as if it were a bestselling whodunnit!

Yes, keep me updated. New strategy coming up next week. Hi Okane have tryed your suggestions today i have gone thru and marked my currency pairs backtested does it matter if the wicks go thru the 50 sma but not the body because it seems like they are still winning trades for either 15 mins or 30 mins or is it better for the body to touch i also saw the wicks come down and touch the 50 sma and the next candle was also a winning trade. Hard to say, I would take every situation and analyze it depending on how "the big picture" is.

I suggest you learn drawing support and resistance lines as well. Currency pairs also have wave patterns, time patterns and their own characteristics.

These are things that are more difficult to just mention in text. Combining your analysis with a simple strategy will give you more winning trades than simply following indicators. Yes, at least three reasons should be confirmed before you enter a trade. Sometimes there is more but you have to learn how to find them. There are patterns that one might neglect due to inexperience. So it all comes down to training and experience. Yes, keep me posted please. Okane can you check my chart out, does this look alright Hope the chart gets on Thank you so much Hey everyone who uses this strategy, I just explained how you can combine Moving Averages with price action analysis in my diary in the journal room.

Check it out because it will help you finding good entries! Sign In or Register to comment. Who's Online 2 2 Guests.