3 Benefits of Trading Longer Expiry Times

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At the same time, I took standard minute trades on the pair at Markets World. No pivot points were in play for me today, although I did have a So basically it was up to me to find support and resistance levels mainly from the price history alone. My first set-up could have occurred back on the 0: But I did like the call option set-up on the 1: I took a call option on the first touch of the level and had a winner.

My second trade came back up at the 1. This also saw an immediate bounce and I ended up with a winning trade here, as well. At this point, in my one-minute trades, I do not take trades on multiple touches of the same level in rapid succession.

In other words, although price hit 1. Granted, all four trades would have worked out here, instead of just the one. This trade was another call option back at 1. Price came down and re-touched the support level on the 2: This trade spent most of its entirety out-of-the-money, but the support level held and was able to get a slight winner out of this one. I did not trade this same spot again on the 2: I was looking for the pair to get back up to previous resistance at 1.

This is, in a sense, a typical market pattern that indicates that a breach of support could occur. The break of support did not occur immediately and that 2: But the breach of 1. This call option was a simple touch of the ever-important Overall, the Fibonacci level held well and ended up being the low for binary options trading on weeken my 1-minute 60-secondcom entire trading day. But second options do have a decent amount binary options trading on weeken my 1-minute 60-secondcom randomness to them due to the brevity of the active trade span.

I did not take a put option trade at 1. I also did not take any trades around the 1. I did, however, take a put option on the 1. I did not trade the initial touch of 1. So I decided to take the put option after the initial rejection of 1. Nevertheless, price swiftly moved above my entry and I ended up with a losing trade here.

For these trades, I used the same price levels I was using on the 1-minute chart — 1. As a result, I traded in the same price areas as the second trades, although I took these minute trades only until the price had been previously rejected on a prior five-minute candle. My first trade came on the 1: Price had previously rejected the level on the 1: This trade finished three pips in favor. After that, as seen from my binary options trading on weeken my 1-minute 60-secondcom trade rundowns, the market advanced back up to the 1.

Naturally, binary options trading on weeken my 1-minute 60-secondcom the re-touch of 1. My final minute trade of the day came down on the Although this trade did not win for me on the second expiration, I was able to get a winner on the minute expiry.

After the clear breach of 1. I took a call option on the re-touch of 1. Obviously, with the minute options I was using a 5-minute chart, which is a cleaner time compression overall than the 1-minute.

Also, I was using my usual touch-reject-retouch price action strategy to take trades at support and resistance levels to better confirm how robust they seem to be, which helped to ensure better accuracy. As always, if you have any questions or comments, please leave them below or visit me on the forum and I will get back to you promptly. Let me first discuss the second trades 1:

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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?