2 minute using charts for binary options strategy
Traders simply pay attention to price action, the minute to minute changes in prices, and how that action behaves in order to make trading decisions. In the old days this was done by watching the ticker tape all day, today it is much easier and more fun to use a charting package like MT4.
These will work with charts set to 1,2 or 5 minutes. Scalping Strategies — Scalping strategies are very short term form of price action trading although they also incorporate other types of signals as well. Scalping, simply put, is a trade based on what you think the market is going to do in the next period, and this usually means minutes, never more than 10, 5 is perfect. These strategies do not care about trend, only on which direction the market is going now and if it will keep going that direction long enough to place a quick trade.
These are best used with charts set to 5 minutes as the signals are generally good for the very next candle. Japanese Candlestick Strategies — Japanese Candlesticks are the premier method of viewing trading charts and give a variety of signals that are at heart price action signals but can also be used for scalping and other types of strategies.
The candlesticks are nothing more than an expanded method of plotting price data on a chart but the effect is startling, almost like putting on a pair of glasses and seeing the world clearly for the first time.
Beware of the occasional occurrence of false signals and open trades at your discretion. How to set up the chart Timeframe: GOD strategy is said to be one of the most successful strategies for binary options with one minute 60 seconds expiration time.
But is it true? They are also generated very often. On average one signal every 15 minutes. Read on to see whether […]. This strategy is based on tracking pinbars candles which have their wick at least 2 times longer than the body. This strategy is recommended for currency pairs, but it might as well work with other assets. With these indicators we can enter a trade at the beginning of it and then ride with it.
How to setup the chart […]. You may have seen this indicator before as it is usually a part of more complex strategies. This is a very thought out strategy which is among my favorites and it brought me lately interesting profits. Even though it is a more complicated strategy, trade openings are very comprehensible from the chart. Doubles strategy uses Bollinger bands which you may know already. Additionally, it also uses the MACD indicator which is suitable for binary option trade.