Expectedly, this leads to a lower volume of trades taken in exchange for higher accuracy set-ups. 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. When you’re trading instruments that have a high level of noise inherent in the eventual trade outcome (like “60-second” options), I believe that taking a higher volume of trades can actually play to your advantage.įor those who are not 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. Take trade set-ups on the first touch of the level.
Pivots points and Fibonacci retracement levels can be particularly useful, just as they are on other timeframes while trading longer-term instruments.Ģ. Find support and resistance levels in the market where short-term bounces can be had. My basic strategy toward 60-second options goes as follows:ġ. That said, I believe that it’s fully possible to make sound trading decisions regarding what may happen to the price movement in the next minute. In other words, when trading 60-second options from the 1-minute chart, you’re dealing with a very small amount of price data encapsulated in each candlestick, and one minute of price action is relatively inconsequential in the grand scheme of things. 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.
Normally, I do not trade 1-minute options first and foremost because the payout is relatively poor (70%). Reload this page with location filtering off Brokers are filtered based on your location (Ukraine).