Tick Charts as Technical Analysis Tool

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This 60 seconds strategy is based on up and down price trends which can be followed by binary options traders using one minute charts. It is a very profitable and proven strategy but it requires charts experience, fast thinking and account at a binary broker which offers 60 seconds trading. To use this strategy you will need tools such as time chart and tick chart which are both a type of candlestick charts. Binary brokers do not offer them so you will have to use other sources which provide charts.

What we are looking for is to catch a trend no matter if it is an upward or a downward one. I am using one minute chart and tick chart where one candle represents trades on the pair.

Basically when you have 2 candles from the same color confirmed with orders you can give a shot. If you win, just continue to buy options in the same direction till you lose.

When you have lost wait to see if it is just a pullback after which the trend will continue in the same direction. Usually trends continue 5 to 10 min but if you are lucky it might last even 20 min. That means if there are for example 3 pullbacks on a 20 min trend — 17 successful trades.

If after a pullback you lose again just stop and wait for a better trend. When an uptrend starts you have to buy 60 seconds Call options and if a downtrend starts buy 60 seconds Put options. Set up your budget in a way that you can afford some losses in case of pullbacks. More experienced traders can perform this strategy on up to 3 brokers at the same time but if you are a beginner I would recommend you to use only 1 broker.

Three brokers will multiply your winnings by 3 but it might multiply and losses so be cautious. As you see on the chart a 19 min downtrend which started at 2: I entered the market on the third red candle and performed 13 successful trades and 4 unsuccessful. Two hours later a very nice uptrend came which lasted for 20 min with only 3 pullbacks.

So I entered it on the third candle and performed 15 trades in the money and 4 out of the money. You have to remember that any good trend needs a good pullback. If you finish out of the money times in a row just stop trading and wait for a better trend. I would recommend you first to try this strategy on a demo account. Skip to main content. Follow the trends on one minute charts.

Strategy review What we are looking for is to catch a trend no matter if it is an upward or a downward one. How does it work? How to perform this strategy? Examples Downtrend As you see on the chart a 19 min downtrend which started at 2: Fri, 17 Feb

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This is a very common question, frequenting popping up in the comment section of articles involving indicators, strategies or trading in general. In order to determine what time frame to watch on your chart, you must first assess how much time you actually have each to look at your charts. If you have a few hours during the day to dedicate to your charts, while major markets are open, then you have a few more choices. This time frame will give you the most trade set-ups for the time you have.

Trading requires well defined trading plan and strategies. So hopefully you have come up with or found a few strategies that you like. Likely these strategies are best applied to certain market conditions, certain times of day or to a certain time frame. Some strategies are easily adjusted to almost any time frame, while others will only work under specific conditions. For example, there are strategies designed specifically for the few minutes surrounding when a market opens.

Trying to apply such a technique during the middle of the day is likely to be a losing proposition. Analyze your strategies and determine what the best time frame is for those strategies. Hopefully what you have time for section above and the time frame your strategy requires align. The sections above hopefully helped you narrow down what type of time frame you should be watching.

Ultimately though there is no perfect time frame that will suit everyone. Some traders are successful trading off tick charts , while others off 15 minute or daily charts. This is where I will throw you a curve-ball. Instead, look at two or three time frames.

Short-term traders can view a 1-minute, as well as a 15 minute and 1-hour or 4-hour chart. The 1-minute provides entry and exit signals while the 15 minute and hourly make sure the trader is acting on more complete information about the trend and support and resistance levels.

Swing traders and longer-term traders may focus on a daily chart, but can also use a weekly chart for providing a larger context for the trend and support and resistance levels. A a 15 minute for example chart can also be used for fine-tuning exit and exit points. What is best for you will depend on how much time you have which in turn affects what type of trader you will be. Then you need to make sure your strategies are aligned with the amount of time you have, and your personality.

This will provide you with more information about the asset you are trading, such as which way the short and long term trends are moving, and where important support and resistance levels are. What You Have Time For In order to determine what time frame to watch on your chart, you must first assess how much time you actually have each to look at your charts. Your Strategies Trading requires well defined trading plan and strategies.

No One Time Frame is Perfect The sections above hopefully helped you narrow down what type of time frame you should be watching. Looking at more than three time frames becomes cumbersome, and likely counter-productive.