I don't know guys, but I'm not a big fan either. In fact my point of view is that regardless of the strategy you're using on 60sec, it will be like roulette. You'll suffer or benefit from extremely short term fluctuations, this even in a very steep sudden trend forming. So in my case I just don't use those at all. Completely useless on platforms like 24O or OF where the infamous "price has changed" will kick in at anytime the conditions are pretty much ok to trade such short timeframes... BDB maybe is better on those terms but still roulette, at least you won't have the croupier telling you that "the bets are closed" before being able to place any But be aware you're still in a gambling zone imho.

I used to trade 15 and 30 min expiries, but I'm more and more enclined to trade longer exp such as end of the day, or at the very least one hour, a whole different perspective, but much more accurate, just for me.

Hi Tommb,

No problem, I will explain more here, no need for a new thread I think since it's pretty simple in fact.

Hourly is indeed trend continuation after a pullback, I watch 15min candles, I set up fractals and also RSI and WilliamR are my friends for this.
I.e. When a fractal up has formed I will look at the 2 others to assess convergence/divergence and place a hourly put. It doesn't work every time of course but it means that the market tried something and failed. I pay special attention around major SR if there are any closeby.

Eod trades are simpler, for this I look what happened during London and look for a true reversal, usually 1-2 hours before and after US open. I won't trade if there is no reversal, and if there is one forming I will wait for confirmation, if this really happens it will generate so much momentum as everyone will jump on it that in most cases the eod trade will be ok, but you don't have such opportunities every day, you need to be extra patient and it's not for people who need to trade every day. For this I look at 30min and hourly candles.

Tommy and Patrick,

You guys are having an interesting conversation going on here. Either of you should open a new thread.

T as I said I don't go below 30 minutes, and I am even trading hourlies and EOD and even EOW now as you can see on my P&L thread. I did try 60 sec options selling resistance and buying suport and lost 2.4K. I think you commented on the losses on Darren's thread sometime back.

I agree, a complete gamble even when you get filled all the time as with iOption.

Patrick, you ignored me when I said "Hey" on my iOption's thread. I know you are being mad at me but it's simple misunderstanding. I've sent you a P.M.

Take care guys,

Iris

hey, sounds like a good strategy.

the only thing that concerns me is the risk. you have entered a lot of trades in such a small period of time.

say for instance the price did not pull back after the breakthrough, you have just lost all your trades in just a few minutes.

this does has the potential to wipe out alot of your funds, very very quickly.

IMHO 60sec trading is where people get greedy by wanting to make profit quickly, and we all know, greed is where your gameplan comes unstuck!!

I believe most methods whether they use 60 seconds or 1 hour expiry or more are pretty good. It's usually up to the individual trader to stick with it long enough on a demo account until he has it down pat inside and out. Then when their win ratio is acceptable and consistent, it's time to go live trading exactly the same way one did on the demo account. In most cases this will prove successful but the problem is that most of us want to jump right in and make a killing without paying the learning curve sacrifice. Just my 2 cents after close to 15 years of various types of online trading, successfully may I humbly add. Cheers