Date:Fri Nov 15 2024Tokyo:2:19Sydney:4:19New York:12:19London:17:19CET:18:19
BinaryOptions.net Forums› Binary Options Strategy
15-30 Minute Strategy for Beginners!
Okane
Posts: 1,282 admin
Posts: 1,282 admin
M15-30 Strategy – SMA and Stochastic For Everyone!
This strategy is very newbie friendly because it only
uses 2 simple but powerful indicators that are easy to understand!
It is a good start for beginners who want a strategy to comprehend and evolve with.
Video here: https://youtu.be/RXZ2Alz-7t0
This is how it works:
Set your time frame to M15.
I prefer USD/JPY and GBP/USD and EUR/JPY.
We use SMA 50 for identification of the trend:
Candlesticks should be above the SMA 50 for the trend to be considered an uptrend.
Candlesticks should be below the SMA 50 for the trend to be considered a downtrend.
Add Stochastic Oscillator, standard settings (5, 3, 3) and levels 80 and 20.
Price is oversold when Stochastic is near or at 20.
Price is overbought when Stochastic is near or at 80.
Call Options:
Find Higher Lows. Look for locations where candlesticks come down and touch
the SMA 50 and confirm that Stochastic is oversold at the same time on the M15 time frame.
If the candle does not break below the SMA after closing, take a 15-30 minute Call Option.
Put Options:
Find Lower Highs. Look for locations where candlesticks come up and touch the SMA 50
and confirm that Stochastic is overbought at the same time on the M15 time frame.
If the candle does not break above the SMA after closing, take a 15-30 minute Put Option.
** If you have any questions please ask them here or if you just wish to discuss this strategy!
Also let me know how it works for you! Don't forget to watch the video.
This strategy is very newbie friendly because it only
uses 2 simple but powerful indicators that are easy to understand!
It is a good start for beginners who want a strategy to comprehend and evolve with.
Video here: https://youtu.be/RXZ2Alz-7t0
This is how it works:
Set your time frame to M15.
I prefer USD/JPY and GBP/USD and EUR/JPY.
We use SMA 50 for identification of the trend:
Candlesticks should be above the SMA 50 for the trend to be considered an uptrend.
Candlesticks should be below the SMA 50 for the trend to be considered a downtrend.
Add Stochastic Oscillator, standard settings (5, 3, 3) and levels 80 and 20.
Price is oversold when Stochastic is near or at 20.
Price is overbought when Stochastic is near or at 80.
Call Options:
Find Higher Lows. Look for locations where candlesticks come down and touch
the SMA 50 and confirm that Stochastic is oversold at the same time on the M15 time frame.
If the candle does not break below the SMA after closing, take a 15-30 minute Call Option.
Put Options:
Find Lower Highs. Look for locations where candlesticks come up and touch the SMA 50
and confirm that Stochastic is overbought at the same time on the M15 time frame.
If the candle does not break above the SMA after closing, take a 15-30 minute Put Option.
** If you have any questions please ask them here or if you just wish to discuss this strategy!
Also let me know how it works for you! Don't forget to watch the video.
Comments
Your contributions will be to the benefit of all Newbies.
I see too many beginners overwhelming themselves with loads of indicators...
But I should mention that all videos will always be posted on the
BinaryOptions.net Youtube channel so make sure you take a look
there
As I mentioned, I would mostly suggest USD/JPY, GBP/USD and maybe other major
and volatile currency pairs. Maybe it'll work on other assets too but you have to test and find out
Today might have been difficult due to all the news coming out for USD. Have to take fundamentals
into consideration too.
work. Other assets I don't know, if I were you I would test for a while, back test+ demo.
Wow, I advise against overwhelming yourself with too many pairs.
I usually focus on one asset only because it helps me
learning and recognizing its patterns and habits.
to use it on INTC to begin with... Can't just pretend it will behave like a currency pair with high volatility.
So it will probably give you more losses on that asset. I just opened my INTC chart and set the strategy up and guess what
it looks no good at all. Price is most of the time nowhere near the SMA and it is way too jumpy.
Sometimes price goes through the SMA but then retraces back and the
M15 candle closes above it then it could mean support is holding so
it is a good setup (just to simplify it, in reality there are more things to consider before selecting a support/resistance).
Other times candle might close under the SMA but the
next candle still closes above the SMA.
Situation from situation differs and these are the
other things that one has to learn for himself/herself by getting experienced!
I suggest you learn drawing support and resistance lines as well.
Currency pairs also have wave patterns, time patterns and their own characteristics.
These are things that are more difficult to just mention in text.
I suggest you also take a look in my trading journal in the journal/diary room.
I draw lots of S/R lines and you might learn something!
kindest regards Lois Lane
the significant support/resistance areas! Weekly and Daily support/resistance lines
are very strong. Combining your analysis with a simple strategy will give you more
winning trades than simply following indicators
Sometimes there is more but you have to learn how to find them.
There are patterns that one might neglect due to inexperience.
So it all comes down to training and experience.
Just follow it step by step
Also, on your chart, you need to make some space, don't have to but I recommend
it. Close the unnecessary stuff (the windows to the left on your chart) and don't zoom in that much!
Let me know if you have more questions.
you can combine Moving Averages with price action analysis
in my diary in the journal room. Check it out because it will help
you finding good entries!
Another question, based on this strategy, does the criteria often happen more than 3-7 times a day - as an example- ? Thanks!
Try M5 for more signals.