15 Minute Trading Strategy in Binary Options
Binary options are already known as one of the trading methods that allow short-term traders to trade more convincingly. The existence of various expiry time options has made short-term trading one of the strategies not only carried out impulsively, but also applied more planned. This allows traders to be able to trade in 5 minutes, or even 1 minute to get the desired return profit.
But if the two expiry times are considered too risky, there is still a strategy to pursue other binary options that can bring profit more safely. The trading strategy with expiry time of 15 minutes is considered as a middle ground for traders who want to gain profit in a short time, but are hesitant to use expiry time that is too low. Here, the 15 minute binary options trading strategy will give you the option to trade briefly without having to worry about noise that often occurs at a lower time frame.
Technically, there are 2 trading methods that can help you to implement a 15 minute binary options strategy. This article will describe how these two ways can show trading opportunities from a 15 minute binary options strategy.
15 Minute Binary Options Trading with Candlestick Patterns
Observation on candlestick patterns can be one of the simplest trading methods, because you don't need to install any indicators. Given the large number of traders who rely on the use of candlestick charts, the observation strategy on candlestick patterns is now growing and is widely applied in naked trading.
Basically, there are forms of candlesticks that can be used as markers of price movements as well as indicators of reversal or trend forwarding. For example, a candlestick with a doji shape indicates market uncertainty because the very short form of the candlestick implies that the price is opened and closed at almost the same level. Meanwhile, hammer and hanging man patterns indicate a reversal, because it has a lower shadow that is longer than the body of the candle. This form of candlestick shows the seller's pressure to make a reversal of the current trend.
A simple observation of the candlestick form can be used as a powerful trading weapon on a 15 minute binary options trading strategy. Through observation of the candlestick pattern that is formed before or after a candlestick with a certain shape, you can estimate the next price movement even if only expiry time is 15 minutes. The 15 minute trading rules for binary options with candlestick patterns are:
- To place an option "call", it takes 3 bearish candlesticks with a lower low pattern.
- To place a "put" option, it takes 3 bullish candlesticks which describe a higher high pattern.
- The fourth candlestick must be a doji.
One example of trading below will illustrate how to trade in binary options with expiry time of 15 minutes.
In the picture above, trading EUR / USD carried out in the 15 minute time frame also relies on a revised strategy on its application. Thus, the doji pattern formed after 3 higher high candlesticks can be said as a bearish reversal marker. This can be seen from the fifth candlestick formed after the doji. The candlestick is closed at a price lower than the previous doji candlestick, so the binary options position placed with the "put" option will end in-the-money within 15 minutes.
The use of this strategy can be developed with variations that make it easier for traders to analyze candlestick patterns on the chart. Here are some things that can be developed in using candlestick patterns in the 15 minute binary options strategy:
1. Although the ideal number at the precursor of the doji candlestick is 3, this number can change according to the strength of the trend that will occur. For example, if there are 4 bullish or bearish candlesticks that precede the doji, then the trend formed after the reversal will be very strong and tend to be long-term. Meanwhile, if there are only two bullish or bearish candlesticks that precede the doji, then the trend will tend to be short term.
2. Because the doji's body shape is too small, you might find it difficult to recognize whether the doji is bullish or bearish. This can actually be seen from the color of the doji itself. In the example above, a green doji indicates a "call" signal, while a red doji indicates a "put" signal.
3. This strategy can be applied from the emergence of all kinds of doji forms. No matter whether the doji that appears is long-legged, dragonfly, gravestone, or four price, the use of all the doji varieties is still relevant for this strategy.
4. Not only doji, hanging man pattern or shooting star can also be used as a marker for reversal trends in this strategy. This is because, the emergence of candlestick patterns with a short body and one long shadow has generally been known as a reversal marker.
15 Minute Binary Options Trading With Trend Indicators
Trend indicators in the form of MA lines (Moving Average) are almost always the main choice for observing trends in price movements. Here, traders usually combine MA lines with variations of certain periods to be able to make position entries, when the lines intersect. Not only that, the confirmation of the trading signal from the oscillator is also always considered so that the trading position becomes more convincing.
In a 15-minute binary options trading strategy, the selected MA line is EMA 50 and EMA 200. By using a 15-minute frame graph, you can analyze price movements below or above the MA lines. In addition, an oscillator is needed which is applied to determine the momentum of the trend. The conditions used for this method are:
- The "call" option can be placed if the price is above the 50 and 200 EMA lines, and touches the oversold level on the oscillator chart.
- The "put" option can be selected if the price is below the 50 and 200 EMA lines, and touches the overbought level on the oscillator chart.
In the example below, there will be shown trading opportunities that can be taken from the installation of trend indicators at the 15 minute time frame:
In the picture above, the "put" option is very suitable to set after the price reaches the overbought level. When the price position is still below the 50 and 200 EMA lines, the choice of the "put" option will make trading 15 minutes of your binary options end in-the-money. The emergence of 2 trading opportunities from the same situation in the chart above also proves the consistency of the success of this strategy.
In addition, there are 2 additional strategies that can ensure your trading opportunities with this strategy. These methods are:
1. For those of you who are still beginners, the risk of using this strategy can be reduced by really ensuring candlestick formation after overbought or oversold levels are touched. In the example above, you can ensure the formation of a new downtrend by looking at the graph at the 5 minute time frame. If at the time frame the bearish trend is already visible, then the trading signal for the "put" option will be more validated.
2. If you are already good at running binary options trading, you can combine this method with fundamental analysis and price action strategies. Utilizing support and resistance levels will also help you further to confirm trading opportunities from this strategy. This method will save more time, because you do not need to wait for the formation of new trends at a lower time frame.
Benefit From the 15 Minute Binary Options Strategy
For the size of binary options, trading with expiry time of 15 minutes can not be categorized as short-term trading, but it is also not appropriate to be classified as long-term trading. That really doesn't need to be a problem, because you can take advantage of this condition to be able to gain profits in a relatively short amount of time more calmly. It is said to be quieter, because when compared to trading 60 seconds or 5 minutes binary options, this 15-minute strategy is indeed safer from noise and false trading signals that are found mostly in lower time frame price movements.
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